Axelon Services Corporation
Business Analyst (Level II)
Axelon Services Corporation, Chicago, Illinois, United States, 60290
ASAP Start
Hybrid Schedule. Must be able to start in office day one.
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 sends/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 the Dodd-Frank Act, the ability to adapt to change is a must and gives opportunity to learn.Other Qualifications:
Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.Excels in working among diverse viewpoints to determine the best path forward.Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner.Commitment to challenging the status quo and promoting positive change.Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.Believes in the value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
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Hybrid Schedule. Must be able to start in office day one.
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 sends/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 the Dodd-Frank Act, the ability to adapt to change is a must and gives opportunity to learn.Other Qualifications:
Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.Excels in working among diverse viewpoints to determine the best path forward.Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner.Commitment to challenging the status quo and promoting positive change.Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.Believes in the value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
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