Business Overview:

DEC US Operationsteam is part of the US Derivatives Execution and Clearing Operations department who collectively providescustomer service, risk and funds management, trade processing and reconciliation, client on-boarding, accounting, post trade execution investigation, performance margining, exchange balancing, contract expiration processing including physical delivery, fee maintenance, and regulatory review and rule implementation. These clearing and operational functions require the team to manage communication across clients and multiple lines of business by accessing several exchange applications, banking tools, and internal operating systems to support the flow and record of commodity futures, options, and OTC trade execution daily. Our primary focus is to perform our responsibilities under a controlled environment that is compliant with strict regulatory rules and guidelines while providing superior client services and solutions.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work.
  • Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus:
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level.
• Compliance Culture and Conduct:
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities:

• Management of margin teams in Jersey City and Bangalore who interact with key clients daily to ensure cash and/or noncash collateral is received to cover requirements.
• Daily responsibility for the production and distribution of aged margin call reporting covering the Cleared Swap business
• Daily responsibility for the monitoring of intraday client deficits and movement of margin between regulatory origins (i.e. "realignments") to ensure compliance with applicable regulations and minimal aged margin calls, capital charges and impact to clients
• Daily responsibility to ensure all obligations to clearing organizations (CCPs) are met on a timely basis.
• Work with internal margin teams to ensure any cross-margin requirements are met
• Documentation of any procedural updates necessary to fulfil regulatory obligations
• Work closely with Change and Design team to document strategic specifications to fully automate the solutions required to fulfil regulatory obligations
• Work closely with IT to ensure understanding of regulatory obligations and desired functionalities and participate in user acceptance testing for strategic solutions. To include documentation of test scripts, use cases, and results.
• Direct communication and interaction with clients and business partners
• Client margin and interest calculations
• Account balancing
• Cash management
• Non-cash collateral custody account settlements
• Securities inventory balancing
• Nostro break reconciliation investigation
• Daily regulatory review and oversight
• Regulatory and audit inquiry management
• Operational control implementation and monitoring

Minimum Required Qualifications:

• Bachelor degree
• At least 5 years of experience in the margining of exchange listed products
• Knowledge of exchange listed products, derivatives, capital markets trading, operations, execution, or trade processing
• Extensive knowledge of regulatory requirements for futures margining with prior experience dealing with both internal and external audit teams
• Experience interacting with clients and various lines of business
• Experience reconciling separate data points and sources
• Microsoft Excel (Vlookup, Pivot tables, formulas, etc.)

Preferred Qualifications:

• Some technical specifications knowledge across multiple systems and web interfaces
• Microsoft Excel macro knowledge
• Understanding of collateral transfers
• Knowledge of CCP margin calculations
• Knowledge of CFTC regulations

FINRA Registrations Required:

• Not Applicable

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

• Not Applicable

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable

While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.

The expected starting salary range for this position is between $125,000 to $155,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.