OPS Group Description:
The Derivatives Operations Department is primarily responsible for the trade management and controls of both standard and complex OTC Derivative activity across Rates, Credit, Equity and FX. As a critical member of Derivative Operations, a Reconciliation Analyst is responsible for the strict control of trades and for liaising with both internal and external contacts, escalating to management where appropriate. The reconciliation team works independently from the Front Office and is key to the control of the business, ensuring the highest level of quality is achieved at all times. The candidate will work closely with senior management across Trading, Sales, Technology, Operations, Audit and Compliance. In this role one should be familiar with various OTC derivative products, proficient with PC skills and be comfortable working in a fast paced environment.
AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.
AllianceBernstein is an equal opportunity employer. We do not discriminate based race, color, creed, national origin, sex, age, disability, marital status, sexual orientation or citizenship status.
OPS Job Description:
We are seeking a Nashville based Derivative Reconciliation Analyst to join our Reconciliation Team in Derivative Operations. A reconciliation analyst is responsible for the strict control of trades and for liaising with both internal and external contacts, escalating to management where appropriate. The reconciliation team works independently from the Front Office and is key to the control of the business, ensuring the highest level of quality is achieved at all times. The candidate is responsible for day-to-day settlement of payments and receipts related to both standard and complex OTC Derivative activity across Rates, Credit, Equity and FX. Process knowledge and organizational skills are critical for success in this role, as well as a pro-active approach to the position – daily interaction with Front Office personnel and counterparty contacts is expected. Must have the capacity to handle change and to participate in system testing and the implementation process.
The key job responsibilities include, but are not limited to:
• Provide operational support for the Rates, Credit, Equity and FX businesses globally
• Accurate & timely management of workflows
• Acting as a primary support contact to ensure all front office and counterparty requests are handled with satisfaction.
• Liaising with front office, middle office, credit, documentation, and settlements teams to resolve client trade breaks.
• Assist with projects related to improving current processes to raise productivity and efficiency.
• Participate in the strategic middle office working group responsible for designing, building and implementing our future middle office model
• Identify Control weaknesses in everyday processes; develop & implement procedures that mitigate associated risks.
• Reconciliation of trades between front and back end trading systems • Responsible for the reasonable determination of applicable course of action for resolving discrepancies • Responsible for escalating issues to management, trading, etc. as necessary
Qualifications, Experience, Education:
The ideal candidate should have a degree in finance, economics or another relevant discipline. 1-3 years experience supporting middle office functions related to OTC and/or Listed Derivatives on the sell-side or buy-side is required. Our Reconciliation Analysts typically have track records of outstanding professional performance or academic achievement, along with excellent analytical skills and financial skills as well as strong communication skills. Candidates should have a strong ability to work in a collaborative environment and to present results to both expert and non-expert audiences. Our Reconciliation analysts will use Bloomberg, ICE, Markit, DTCC and Calypso extensively so a thorough understanding of these tools is required.