Associate - Listed Derivative Operations - 12-month contractAnton Murray Consulting – Sydney NSWContract, Casual/TemporaryOur client is a leading investment bank seeking experienced Operations candidates for a 12-month contract within their Operations division in Sydney.Open to Working Holiday Visa HoldersThis role is an Associate level role within Operations, as part of a wider group also encompassing Equity Settlement and Equity Stock Loan.The Listed Derivative Cash Funding and Reconciliation role is responsible for managing daily margin movements and cash flow activities for clients trading and clearing Listed Derivatives in the Australia and New Zealand markets, and also for managing Trade, Position, and Cash reconciliations on a T+1 basis for those markets.As this team sits within a larger group, the expectation is that the successful applicant will also obtain exposure to Equity Settlement and Equity Stock Loan functions through the rotation of staff, and cross-training to ensure sufficient coverage.Key functions performed are:Proactively managing exchange/broker margin balancesFunding exchange/broker margin callsProactively managing affiliate margin balances/callsProcessing of margin movements for Listed Derivatives clientsReconciliation preparation using firm and vendor reconciliation toolsInvestigation and resolution of identified breaks and issuesCritically analyze and improve on control/risk environmentProjects relating to STP automation, new business, and efficiencyEscalation and reporting to regional/global counterparts/managementExperience:Over 3 years’ operations experience ideally across ETD, OTC, Equities and SBLKnowledge of Listed Derivatives funding/settlement an advantage, but not a requirementKnowledge of client money/funding rules and regulations is an advantageExperience on a reconciliation function an advantageThe individual will be expected to learn quickly to acquire the required technical and regulatory knowledgeThe role will be hired as a casual contractor paid a day rate of around $380-$450 plus superannuation per day
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