Business Analyst (Level II)

BCforward is currently seeking a highly motivated Business Analyst (Level II)/ Operations Role opportunity in Chicago IL.

Position Title: Business Analyst (Level II)/ Operations Role

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: 9+ months

Job Type: FULL TIME, CONTRACT, ONSITE

Pay Range: $40/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:

Collateral, financial markets and derivative products

Job Description

• Operations role Exp
• Client service, managing multiple clients and their expectations
• Working with multiple teams to accomplish a goal/task
• The main function of the Collateral/Margin Operations unit is to mitigate exposure to counterparty risk on OTC derivative trades.
• The analyst will be expected to be a team member of the Collateral Operations Unit, which monitors daily margin for customers across various products (Rates, Commodity, Structured Credit, Equity, and Foreign Exchange). Counterparty net exposure is evaluated each morning in order to determine collateral requirements.

Deliveries and Responsibilities

• The Collateral Unit interacts with a variety of different groups within the bank:
• Back Office/Middle office Operations - stores copies of all confirmations of each transaction and can verify market values and rate for individual trades
• Corporate Treasury/Global Securities Operations - determines collateral allocation and delivery of securities
• Cash/Wire Transfer - send/receives cash collateral
• Marketers/Traders - trade and market derivatives with Financial Institutions and Corporate Customers
• Credit - monitors credit exposure on derivatives

• Capital Markets Documentation - negotiates the collateral agreements
• Due to the amount of interaction with our counterparts and other groups, excellent communication skills are necessary. An open flow of communication, specifically relating to new issues or problems, is necessary between team members. The ability to read and interpret a Credit Support Annex is a priority as discrepancies and reconciliations are a regular part of the business.
• Aside from daily position monitoring and counterparty contact, the analyst will be required to investigate mark discrepancies, maintain current procedure manuals and look for methods of improving efficiency. Additional responsibility will arise as projects are mastered and time permits. As our landscape is changing with the implementation of Dodd-Frank Act the ability to adapt to change is a must and gives opportunity to learn.

Required Skills:

• A basic understanding of financial markets and derivative products
• A basic understanding of financial markets documentation (ISDA, IFEMA, PSA)
• Strong communication skills
• College degree or related experience
• Basic Excel skills
• Ability to meet deadlines, handle high pressure situations, and juggle multiple tasks
• Detail oriented -specifically the ability to recognize unusual flows/triggers for collateral in agreements and new trade structures

Keywords:

Collateral, financial markets and derivative products

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 235457 when responding to this ad.