Title- Operations Analyst Location- Salt Lake City, Utah Duration- 6 Months
Job Description: Operations Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
Your Impact We promote continuous learning by way of cross training and business engagement across the stack of functions in EQ product class. Your role will involve active partnership with the sales, trading, credit, legal and other operations teams which will be key to effectively manage the risk and business / client expectations for the trades we support. In addition to the responsibilities assigned to you, you will be encouraged to contribute ideas towards enhancement and streamlining the activities. You will also manage the team and will be role model for the people you are managing hence leading by example will be crucial for success in the role.
Our Impact The EQ Operations team manages Equities related trade confirmations and settlements workflow. The team is responsible for ensuring all Equities OTC derivative deals are confirmed in a timely manner and settled. Partnership with multiple groups is key to effective risk management – teams ensure discrepancies are investigated and resolved by leveraging internal sales/trading, technology, legal, Middle office teams and external dealer / client Backoffice contacts. The individual is required to be dynamic and client service oriented with high focus on risk and control. From an early stage, we develop and expect our people to think creatively and ‘outside the box’, as well as improving the daily process and taking responsibility and ownership for this to happen. The role also requires the ability to seamlessly switch between multiple activities and significant interaction with clients so communication will be a key asset.
Job Summary and Responsibilities
Risk manages confirmations and settlements for Equity Derivatives transactions
Planning, monitoring & managing workflows by delegating queues to team members, approving high risk/value transactions and supervision of functions to ensure completion with timeliness and accuracy
Extract, analyse & interpret key data from source reports for proactive stakeholder communication around risk
Weekly risk reviews and effective KRI (Key Risk Indicator) reporting
Liaising with internal teams and stakeholders to manage accurate books & records
Review daily exception reports and resolve any outstanding items pertaining to team’s responsibilities
Pro-actively work with external clients and other dealers to resolve economic and language discrepancies on Equity deals
Partner with internal teams - Sales, Trading, Credit, Technology and other operations teams to ensure timely confirmation and settlement
Accurate and timely settlement of cash-flows with adherence to the internal payment policy and procedures
Maintain accurate and clean post settlement work-flows - breaks, fails, etc
Design and initiate process improvements with thorough understanding of the teams' processes and controls
Resolution and escalation of all client disputes and queries
Career mapping for team members with focus on their knowledge enhancement, career growth and job enrichment in the firm
Coaching and guidance for team members by providing regular feedback, planning & scheduling training requirements
Annual Employee performance review and delivery of feedback
Project and initiative management and participation within the team and across regions
Basic Qualifications
Bachelors’ degree
Strong motivation to succeed, both as an individual and as a team
Ability to work under pressure, prioritize and meet deadlines, at the same time as risk mitigation
Effective problem solving and critical-thinking skills
Ability to use discretion and good judgment
Excellent communication and interpersonal skills with a strong appreciation of client service
Preferred Qualifications
Basic understanding of financial markets
Risk and Control focused
Ability to deal with multiple complex issues at the same time while meeting client deadlines
Education:
Bachelors’ degree
About Us: Established in 2004, SPECTRAFORCE® is one of the largest and fastest-growing diversity-owned staffing firms in the US. The growth of our company is a direct result of our global client service delivery model that is powered by our state-of-the-art A.I. proprietary talent acquisition platform, robust ISO 9001:2015/ISO 27001 certified processes, and strong and passionate client engaged teams. We have built our business by providing talent and project-based solutions, including Contingent, Permanent, and Statement of Work (SOW) services to over 140 clients in the US, Canada, Puerto Rico, Costa Rica, and India. Key industries that we service include Technology, Financial Services, Life Sciences, Healthcare, Telecom, Retail, Utilities and Transportation. SPECTRAFORCE is built on a concept of “human connection,” defined by our branding attitude of NEWJOBPHORIA®, which is the excitement of bringing joy and freedom to the work lifestyle so our people and clients can reach their highest potential. Learn more at: http://www.spectraforce.com
Benefits: SPECTRAFORCE offers ACA compliant health benefits as well as dental, vision, accident, critical illness, voluntary life, and hospital indemnity insurances to eligible employees. Additional benefits offered to eligible employees include commuter benefits, 401K plan with matching, and a referral bonus program. SPECTRAFORCE provides unpaid leave as well as paid sick leave when required by law.
Equal Opportunity Employer: SPECTRAFORCE is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, religion, color, sex, national origin, age, sexual orientation, gender identity, genetic information, disability or veteran status, or any other category protected by applicable federal, state, or local laws. Please contact Human Resources at LOA@spectraforce.com if you require reasonable accommodation.
California Applicant Notice: SPECTRAFORCE is committed to complying with the California Privacy Rights Act (“CPRA”) effective January 1, 2023; and all data privacy laws in the jurisdictions in which it recruits and hires employees. A Notice to California Job Applicants Regarding the Collection of Personal Information can be located on our website. Applicants with disabilities may access this notice in an alternative format by contacting NAHR@spectraforce.com.
LA County, CA Applicant Notice: If you are selected for this position with SPECTRAFORCE, your offer is contingent upon the satisfactory completion of several requirements, including but not limited to, a criminal background check. We consider qualified applicants with arrest or conviction records for employment in accordance with all local ordinances and state laws, including the Los Angeles County Fair Chance Ordinance for Employers (FCO) and the California Fair Chance Act (FCA). The background check assessment will consider whether a criminal history could reasonably have a direct, adverse impact on the job-related safety, security, trust, regulatory compliance, or suitability for this role. Such findings may result in withdrawal of a conditional job offer.
At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $23.00/hr.
