Job Description

Reference # : 17-03586Title : Quant Middle Office Independent Amount (IA) Specialist
Location : NY
Position Type : Direct Placement
Experience Level : Start Date : 04/10/2017
Quant Middle Office Independent Amount (IA) Specialist

Be a part of creating the right solutions. Eclaro is looking for a Quant Middle Office Independent Amount (IA) Specialist for our client in New York.

Eclaro’s client is one of the world's largest financial institutions, committed to providing the tools and services that bridge the gap between customers and their goals. If you’re up to the challenge, then take a chance at this rewarding opportunity!

The Specialist will join the Quantitative Middle Office Independent Amount (IA) team, which is responsible for assisting the Counterparty Portfolio Management team with the establishment of business processes and controls needed to ensure the firm's IA calculations are accurate and consistent with Uncleared Margin Rules (UMR).

The current opening is for an associate located in New York and will work in a team setting to ensure successful delivery of the UMR IA program items.
  • Identify and establish control processes that will mitigate future IA calculation errors
  • Provide enhanced analysis and IA explains to front office and collateral operations teams as needed
  • Assess production IA results for errors
  • Build and prototype new process controls and checks
  • Provide assessment of counterparty computed IA numbers for reasonableness
  • Validate and explain drivers of day over day changes in IA to CPM and Collateral operations teams
  • Coordinate efforts across relevant UMR teams to ensure daily SIMM processes are operating efficiently and are capable of identifying calculation issues
  • Be involved in ad hoc project for new processes
  • Work with technology teams to guide IA calculator reporting and control requirements

  • Master’s Degree, or higher, in Finance, Economics, or Quantitative field
  • Strong technical skills including experience using Excel, VBA and SQL
  • Experience working with OTC derivative products
  • Strong knowledge of market and credit risk
  • Excellent communication skills

  • Understanding of the collateral management process
  • Knowledge of the Uncleared Margin Rules
  • Python programming experience / desire to learn
Interested in applying? Contact Pattiana June Bandiwan at 212 258 2279 or send your resume to now.
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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