Job Description

Reference # : 17-06532Title : Sr. Business Control Specialist
Location : Chicago, IL
Position Type : Direct Placement
Experience Level : Start Date : 07/12/2017
Assignment Detail
Industry:Financial Services

Sr. Business Control Specialist
Be a part of creating the right solutions. Eclaro is looking for a Sr. Business Control Specialist for Global Collateral Management for our client in Chicago, IL.
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 Senior Business Control Specialist will join the Global Collateral Management team. The team mitigates regulatory risk, credit risk and operational risks associated with Global Markets non-cleared derivative trading activity. It's also responsible for ensuring compliance with various aspects of CFTC and EMIR regulatory requirements concerning non-cleared derivatives. As a key part of the team you will identify, investigate and escalate disputes and discrepancies, which involves regular liaison with our Front Office, Middle Office, Credit and various other internal teams. With exposure to a variety of stakeholders the role provides outstanding exposure and an opportunity to learn and develop.

  • Testing and implementation of new technology solutions providing additional functionality and increased efficiency
  • Training new and existing team members on daily, weekly and monthly processes in accordance with our procedures
  • Compiling new risk metrics related directly to UMR and providing this information to our various global business partners
  • Participating in the continuous improvement of GMOC processes and quality standards for departmental procedures
  • Reporting disputes and discrepancies to regulators per various regulatory requirements
  • Reporting progress on dispute resolution efforts to our senior business partners
  • Identifying, investigating and escalating material disputes and discrepancies arising from Uncleared Margin Rules (UMR)

    • Proven track record (4 to 10 years) of experience in OTC Collateral Operations or OTC Product Control experience with particular emphasis on Credit Derivative and/or Interest Rate Derivative products
    • Have a solid understanding of the functional roles and responsibilities of at least three of the following six groups within an OTC derivative trading operation:
    1. Front Office – Marketers and Traders
    2. Middle Office – Product control functions involving derivative risk and P&L
    3. Back office – Master agreements, confirmations, trade/rate valuation and confirmation
    4. Corporate Treasury / Global Securities Operations
    5. Independent Price Verification
    6. Credit Risk Management
    • A basic understanding of financial markets documentation (ISDA, IFEMA, PSA, CSA)
    • Strong assertiveness, listening, influencing and diplomacy skills
    • Ability to run effective meetings with different levels of management
    • Self-motivated
    • Analytical, structured thinker and problem solver
    • Proficient with MS products: Word, Excel, and PowerPoint

    • Solid knowledge of understanding of financial markets (Equities, Foreign Exchange, Interest Rates, Commodities) and derivative products (CDS, Caps, Floors, Collars, FRAs, Swaps, Swaptions, Structured)
    • Product Knowledge: Collateral Management, Client Valuations

    Interested in applying? Contact Charly Vie at 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.

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