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Associate - Treasury & Derivative (Interest Rate Derivatives) Operations Department

Jersey City, NJ
Our firm, INTERMEDIA GROUP, a large US Based Retained Staffing Agency, has been asked by our client to aid in filling the below listed requirement.
JOB TITLE:   Associate - Treasury & Derivative (Interest Rate Derivatives) Operations Department
EMPLOYMENT TYPE – Full Time salaried employee with this Fortune 100 Financial Client
NOTE – Interviews will begin the week of August 13th
Overall Purpose of Job: 
In this capacity, the Associate is required to possess the following skills and abilities:
·         Manage the daily process of confirming, tracing and reporting of Derivative (INTEREST RATE DERIVATIVES) and Treasury (Money Market and Foreign Exchange) transactions.
·         Oversee the daily reconciliation and reporting functions of the Control Section.
·         Strong interpersonal and communicative skills.
·         Effectively time manage multiple priorities.
·         Proficiency with Microsoft Excel and Word, and fundamental knowledge of MS Access desirable.
·         Sound analytical skills necessary for reviewing documentation and reconciliations.
·         Thorough knowledge and understanding of the ISDA Rate and FX definitions, matrices and regulations.
·         Solid understanding of Derivative (INTEREST RATE DERIVATIVES) products, and familiarity with MarkitWire and DTCC Markit/SERV trade matching platforms.
·         Possess the necessary writing skills required for preparing trade confirmations language, as needed.
·         Primary liaison with Legal, Customer, Front and Operations on critical issues.
·         Acquire and sustain a firm understanding of the Derivative processing systems and ancillary applications.
·         Identify operational irregularities and implement measures to minimize risk.
·         Assist with User Acceptance Testing.
·         Learn and develop knowledge of Global PAYplus payment system.
No. of direct subordinates:  2

No. of indirect subordinates: 5

Workflow Management: Oversee the Unit’s day to day operational workflow ensuring that all required processing functions are completed within prescribed time frames and are in accordance with established departmental procedures.
Reconciliation & Reporting: Ensure all reconciliation events occur and are properly documented.  Ensure reports are accurate before sending to the respective departments.   
Payments: oversee the daily payment process for derivative transactions - ensuring that all payments have been dispatched, and that manually generated payments are processed according to market standards.
Performance & Personnel Management: performance reviews, managing staff expectations, oversight of training and development, and conducting staff meetings
·         7+ years of Derivative (INTEREST RATE DERIVATIVES) documentation experience for Rate and FX products
·         2+ years of Derivative documentation experience preferred
·         Strong knowledge of Rate and Foreign Exchange derivative products.
·         Experience with SWIFT MT300, MT320, MT305 desirable
·         College degree and/or a minimum of 5 years managing staff within a banking/investment banking environment.
If you are interested and qualified for the above position, please respond with the following: 
-       Full MS WORD Resume
-       Current and required compensation 
-       Current contact information 
-       Availability to start a new opportunity in either Jersey City, NJ
Upon receipt of your resume, one of our Recruiting Managers will contact you to discuss the position in full detail.
Terrance Fitzgerald
Intermedia Group
Corporate Web Site: www.intermediagroup.com
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