Senior Cleared Derivatives Analyst
- Employer
- RefinedSearch
- Location
- New York, USA
- Salary
- Excellent + Discretionary Bonus
- Closing date
- Jun 22, 2022
View more
- Job Function
- Commodities
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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Senior Cleared Derivatives Analyst
Refined Search is working with a global merchant commodities firm specializing in energy and its associated industries, with a reach spanning over 12 offices worldwide and proprietary trading activity in most major energy markets.
The company's rigorous research, analytical approach, and entrepreneurial culture have contributed to its strong track record and growth over the past 20+ years.
While their primary business remains in proprietary trading and arbitrage, over the years the firm has expanded to offer services to third parties in price risk management, energy consulting, asset management and environmental solutions.
Backed by a significant investment firm the company continues to expand through organic growth of new initiatives and business areas along with investments and acquisitions of strategic assets which complement the existing business.
Job Description/Overview:
This position is responsible for operations related to futures, cleared swaps and options positions held on various exchanges as well as equities, bonds, warrants & SPACS held at our Prime Broker. Responsibilities include: trade analysis, cash forecasting, reconciling realized and unrealized PnL, coordinating with a number of different business units, and completing ad hoc projects as necessary. Daily exposure to upper management on both the trading and operations side of the global business.
Job Responsibilities:
Job Requirements:
Refined Search is working with a global merchant commodities firm specializing in energy and its associated industries, with a reach spanning over 12 offices worldwide and proprietary trading activity in most major energy markets.
The company's rigorous research, analytical approach, and entrepreneurial culture have contributed to its strong track record and growth over the past 20+ years.
While their primary business remains in proprietary trading and arbitrage, over the years the firm has expanded to offer services to third parties in price risk management, energy consulting, asset management and environmental solutions.
Backed by a significant investment firm the company continues to expand through organic growth of new initiatives and business areas along with investments and acquisitions of strategic assets which complement the existing business.
Job Description/Overview:
This position is responsible for operations related to futures, cleared swaps and options positions held on various exchanges as well as equities, bonds, warrants & SPACS held at our Prime Broker. Responsibilities include: trade analysis, cash forecasting, reconciling realized and unrealized PnL, coordinating with a number of different business units, and completing ad hoc projects as necessary. Daily exposure to upper management on both the trading and operations side of the global business.
Job Responsibilities:
- Reconciliation of futures, swaps and options positions held on various exchanges globally
- Overseeing allocation of execution costs in a variety of currencies
- Communicate with a multitude of business units about expiring positions, FX exposure, initial margin requirements, option premiums and more
- Reconciliation of various internal processes to meet audit controls
- Instruction and coordination of cash movements for purchases and sales in prime brokerage account
- Preparation of fund transfers, cash forecasting, follow up on cash fails, and interest billing
- The analysis and management of Initial Margin and Variable Margin Calls on a daily basis
- Preparation and remittance of broker commission payments for OTC commission invoices
- Escalate any discrepancies/issues and resolve through to completion
- Special projects upon request by management
Job Requirements:
- Bachelor's Degree in Business related field, preferably Finance, Accounting, or Economics
- 5 years of Industry specific experience, with at least 3 years of hands-on experience within the exchange products life cycle
- In depth familiarity with FCM/Broker/PB margin statements with ability to reconcile OTE, IM and VM to prove daily cash transactions
- Proficiency in Microsoft Excel; minimum of intermediate - level skills (i.e. V look-ups, Pivot Tables, basic formulas). Macros knowledge a plus
- Familiarity with establishing and managing trader access to various platforms like CME Direct, WebIce, TT & CQG
- Strong analytical and communication skills written and verbal
- Prior experience with Tempest, Pioneer, Right Angle, Duco, Net Suite, Enfusion and Bloomberg a plus
- Adhere to deadlines and objectives
- Ability to work in a fast paced environment
- Ability to work well in group environment or as an individual
- Highly motivated, multi-task capable and willingness to learn quickly and develop within role
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