Operations Collateral Margin (Futures and OTC Clearing), Accounting

Location: midtown NY

Duration: 6-months rolling

Pay Rate: C2C/1099 $350 / W2 $300 per day

Overall Summary of the Job:

Margin Specialist Clearing Operations.  Support margin settlements with clients for both Futures and OTC Clearing.

Primary Responsibilities/Essential Functions:

Provide support to Futures Operations.  Responsibilities include the following:

•              Manage daily margin calls to clearing organizations (CCP) such as CME and ICE

•              Research and resolve breaks facing banks, custodians and clearing orgs.

•              Coordinate collateral allocation between clients and CCP’s and various custodial locations

•              Review margin calls to end clients. Book client settlements, transfers, journals, foreign exchange transactions.

•              Ensure margin calls are met promptly and in accordance with all rules and regulations.

•              Run exception reports such as the aged margin, Residual interest calc, concentration calculation and Remaining margin

•              Book manual cash payments. (MT103 / 202 messages)

•              Perform Top day bank recon to ensure all margin is booked and all settlements and origin transfers are settled at the bank

Knowledge and Skill Requirements:

•              Ideally having 3-5 years’ experience within Clearing operations / Futures

•              Strong understanding of process, products, exchanges, and rules covering cleared swaps and Futures.

•              Proficiency with Microsoft Excel, Microsoft Word, and Microsoft PowerPoint

•              Experience with back-office vendor platforms such as GMI, XTP, R&N, Calypso etc.