Credit and Rates Settlements Associate
Makosi Inc. - New York, NY

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Makosi provides operational support, innovative technologies and advisory services to some of the largest banks, brokerages, asset managers and hedge funds globally. We require an OTC Derivative Settlements Associate to work within one of our Investment Banking clients and perform the following:

• Confirming cash settlements with hedge fund, High Net Wealth, mutual fund and institutional client base
• Daily reconciliation of allocated Nostro discrepancies
• Prepare manual ledger bookings and make ad hoc payments
• Investigate cash flows that have not reconciled on value date
• Respond to ad-hoc queries from desks and Management
• Identify and initiate control points with a view to minimizing operational risk.
• Responsible for the creation and distribution of MIS reports to senior management
• Develop a technical understanding of supporting applications and architecture identifying opportunities for improvement and involvement in testing initiatives
• Interaction with various (internal & external) operational dependent constituents to ensure trades are executed in a timely manner

Required Qualifications

• Excellent grasp of products and trade lifecycle
• Minimum 2 years OTC Derivatives Settlements experience (only CDS, IRS)
• Good system skills including Microsoft office suite (advanced excel), Bloomberg, Markit, DTCC

Required Skills

Makosi Inc. - 19 months ago - save job - copy to clipboard
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About this company
Makosi has been providing specialist consulting services to top tier clients since 2001. Originating in South Africa and supporting some of...