Job Description

OTC Structured Products
Job Number: 19-10225
Help drive change! Eclaro is looking for a OTC Structured Products for our client in Chicago, IL.
Eclaro’s client is a leading global bank stimulating change and innovation in the industry by offering top-notch financial products and services for a wide-range of clients worldwide. If you’re up to the challenge, then take a chance at this rewarding opportunity!
Position Overview:
  • The OTC team is responsible for the verification, settlement, life cycle event processing and break resolution related to all client OTC transactions.
  • In addition, the OTC team is responsible for the affirmation/confirmation of all OTC trade types on electronic platforms and/or on paper as well as the completion of requested amendments related to all client OTC trade bookings.
  • Affirmation/Confirmation of all OTC trades on electronic platforms or on paper where required.
  • Manage the settlement of swap cash flows associated with OTC products, including unwinds, fees, resets, and premiums.
  • Assist in proper operational reflection of OTC trades.
  • Review booking of corporate actions and dividends/coupons to ensure accurate position and p/l attribution.
  • Efficiently identify and resolve transaction discrepancies between client and swap counterparties.
  • Liaison between trading desk, control groups and counterparties to resolve any economic discrepancies on trades in a timely and efficient manner.
  • Process all aspects of periodic resets for vanilla and exotic IRS, CDS, and Equity OTC products.
  • Ensure timely receipt of OTC confirmations from trading counterparties
  • Ensure accuracy of transaction agreements and modifications
  • Work with IT in the development and enhancement of the trade management system.
  • Prioritize time accordingly to action trade breaks by end of day
  • Understand and process trade activity in accordance with established operations policies and procedures; understand and minimize risk associated with trade mismatches.
  • Should be intellectually curious, intuitive, and trustworthy and have the highest ethical standards.
  • Effectively address a number of internal and external audiences in a professional manner.
  • Assist in the training of personal internationally
  • Perform other related duties as required.
Required Qualifications:
  • Two plus years of experience in OTC structured and derivatives products operations including:
  • Experience with the settlement of OTC structured and derivatives products
  • Experience reviewing documentation for OTC structured and derivatives products
  • Excellent people skills; ability to dynamically act as knowledgeable point of reference to co-workers domestically and internationally
  • Proficiency in Microsoft Word, Excel (Ability to create macros)
  • Excellent math and analytical skills
  • Excellent written and oral communication skills
  • Strong organization skills, meticulous attention to detail
  • Ability to handle multiple tasks under extremely time sensitive conditions
  • Must be able to interact with coworkers and clients in a fast-paced trading environment
Preferred Qualifications:
  • Bachelor's degree 
  • Proficiency with, MarkitWire/MarkitTradeManager, and eConfirm platforms
If interested, you may contact:
Merly Villanueva 

Merly Villanueva | LinkedIn
Equal Opportunity Employer: Eclaro values diversity and does not discriminate based on Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status. 

Application Instructions

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