Operation Business Analyst

Position Title: Operation Business Analyst

Location: Chicago, IL

Anticipated Start Date: ASAP

Please note this is the target date and is subject to the change. BCforward will send official notice ahead of a confirmed start date.

Expected Duration: 8 months

Job Type: FULL TIME, CONTRACT, HYBRID schedule 3 days in office /2 days remote

Pay Range: $35-40.36/hr

Please note that actual compensation may vary within this range due the factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).

Requirements:

Top Skill Sets manager will be looking for

1. Derivatives

2. Collateral

3. Communication

Job Description

• Main point of contact for AMRS based Clients for settlement of daily margin calls for F&O and OTC Cleared positions. Candidate must be on hand to offer premium Client service and deal with all Client queries and manage the relationships between our Clients and internal company's departments. Up to date market knowledge on key initiatives and developments within the clearing and settlement space are essential. Directly interacting with Clients on a daily basis, you will be the main point of contact for clients asset transfer settlements and status updates, along with inquiries on anything Collateral related.
• Ensuring all Client Margin Calls covered on a daily basis.
• Dealing with Client Trade & settlement queries on daily basis.
• Investigation and resolve of any margin call discrepancies.
• Identify and escalate fails in a timely and accurate manner to Credit/Risk Management, Collateral Risk Management and Operations Management.
• Requesting / Booking of FX transactions for all client base.
• Dealing with collateral bookings & releases, Pledged & Lodged.
• Responding to client inquiries, and when needed, coordinate with the appropriate Front/Middle Office as well as the core processing area in order to facilitate resolution.
• Developing a complete understanding of Bank policies and departmental controls and procedures.
• Excellent verbal and written communication skills.
• Highly numerate with analytical problem-solving ability with proven track record of delivering results.
• Self-starter, well organized, ability to solve problems and meet tight deadlines.
• Excellent at engaging with global peers to ensure best practice is adopted at all times.
• Thorough understanding of the collateral governance and control environment.
• Confident in facing off to senior stakeholders across the business (including Sales, Trading, Product Control, Credit and Legal).
• Attention to detail, delivering high quality output.
• Willingness to quickly develop the role via IT and process re-engineering to improve control, automation and levels of sophistication Strong controls background with previous experience of implementing and maintaining key business controls.

Keywords:

Derivatives, Collateral, FX, margin, financial products, banking, financial services.

Benefits:

BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

About BCforward:

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.

BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.

This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Interested candidates please send resume in Word format Please reference job code 236112 when responding to this ad.