Operations Analyst
Spectraforce
Salt Lake City, Utah
9 months ago
Job Description
Job Title: Operations Analyst
Location: Salt Lake City, Utah
Duration: 3 Months
Shift Timings: SBH
Job Summary
The Portfolio Reconciliation & Valuations Team falls under the broader MCVO (Margin, Collateral and Valuations business unit) which is within the greater Portfolio Services and Client Onboarding sub-division. This business unit supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing.
Portfolio Reconciliation & Valuations are responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. In addition, the team provides critical Valuation reporting to select clients for the positions they hold with Client across multiple products. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely fashion according to their requirements. This is a function in line with Dodd-Frank requirements and is heavily related to the margin rules program since Sept. 2016.
Responsibilities
Liaise with clients in order to track and resolve position discrepancies
Consolidate requests in order to communicate pricing and position issues with Controllers, Credit and Middle Office teams
Deliver position reports to clients and 3rd party vendors on a timely fashion
Review and resolve collateral disputes using various firm tools while liaising with clients, trading, Controllers, Credit, etc
Skills:
Basic Qualifications
Bachelor’s degree with experience in financial services
Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail
Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience
Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities
Flexible and able to work well under pressure in a team environment
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.
Location: Salt Lake City, Utah
Duration: 3 Months
Shift Timings: SBH
Job Summary
The Portfolio Reconciliation & Valuations Team falls under the broader MCVO (Margin, Collateral and Valuations business unit) which is within the greater Portfolio Services and Client Onboarding sub-division. This business unit supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing.
Portfolio Reconciliation & Valuations are responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. In addition, the team provides critical Valuation reporting to select clients for the positions they hold with Client across multiple products. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely fashion according to their requirements. This is a function in line with Dodd-Frank requirements and is heavily related to the margin rules program since Sept. 2016.
Responsibilities
Liaise with clients in order to track and resolve position discrepancies
Consolidate requests in order to communicate pricing and position issues with Controllers, Credit and Middle Office teams
Deliver position reports to clients and 3rd party vendors on a timely fashion
Review and resolve collateral disputes using various firm tools while liaising with clients, trading, Controllers, Credit, etc
Skills:
Basic Qualifications
Bachelor’s degree with experience in financial services
Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail
Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience
Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities
Flexible and able to work well under pressure in a team environment
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.