Job Title: Operations Analyst
Duration: 6 Months
Location: Salt Lake City, UT
      
Duties:    
JOB SUMMARY AND RESPONSIBILITIES

• To mitigate Economic Affirmation risk in Equities, ensuring trade details are affirmed within department guidelines.
• Mitigate the risk of any key economic differences between Client's bookings.
• Ensures discrepancy resolution for any disputes raised by the clients on our confirmations in a timely manner.
• Review and resolve discrepancies raised by clients on our confirmations.
• Review of incoming counterparty documents and works with the counterparties to agree the confirmation templates to be executed.
• Highlighting all discrepancies raised by clients promptly and working with Trading and Sales to ensure the trade has been accurately booked.
• Follow up with clients on execution of Legal confirmation and electronic matching of trades
• Ensure risk is mitigated for trades categorized as critical and high priority.
• Escalate outstanding trades in Critical category risk to senior management

Skills:    
BASIC QUALIFICATIONS

• Understanding of risk and controls required to support derivative transactions
• Contributes to the effectiveness of the team by working closely with colleagues by sharing information, skills, and responsibilities
• Excellent attention to detail and accuracy
• Effective problem solver
• Takes actions to ensure that controls are in place and procedures are followed
• Strong Microsoft Excel skills
• Skilled at gathering and analyzing quantitative data to guide decision-making
• Demonstrates strong leadership skills, ability to gather stakeholder support for initiatives across teams and see them through to execution

Primary Responsibilities

• Set strategy and direction for tech and workflow initiatives that will improve execution process and mitigate risk efficiently.
• Assist with reporting and presentations that articulate the overall compliance metrics, story, and strategy
• Work directly with the line teams to identify non-compliant themes and patterns and improve execution timelines
• Work closely with Ops Senior Management, Sec Div Compliance, and Sales PMDs in the Securities Division to develop and execute on firmwide compliance strategy
• Set strategy and direction for the team that will improve compliance rates
• Work directly with the line team to ensure risk is mitigated via Affirm and Confirmation process for EQD derivative trade confirmations
• Demonstrate technical judgment and accuracy by ensuring the team understands the economics of the trade and verify the accuracy in the firm’s booking systems
• Mitigate risk through maintaining accuracy and procedural conformity
• Assist in the resolution of any exceptions that may arise in a timely manner
• Proactively partner with internal groups (sales, trading, compliance) to execute EQD confirmations
• Design and initiate process improvements with thorough understanding the lifecycle of the trade and confirmations platforms
• Act as a Client Relationship Manager, partner with the Sales and Trading desks to offer best in class client service
• Take responsibility for maintaining timeliness in accordance with market standards and regulatory requirements
• Review and detailed analysis of EQD derivatives trade documentation drafted by Legal, External Counsel or our Counterparties.
• Implementation of small and incremental enhancements to the existing workflow.
• Effectively manage all Operational and Reputational Risk.

Education:    

• Bachelor's 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.