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OTC Derivatives Operations Associate

Written by Anton Murray Consulting on .

Location: Sydney

Salary description: Circa $70k base

  • $50-100k AUD Equivalent
  • Permanent
  • 1 to 3 years of experience

Our client is a global trading business that focus on the trading primarily of futures, options and equity derivatives. Their Sydney business has about 150 staff, with about 9 in operations. This position of Operations Associate will sit within their small operations team, and reports to the Operations Manager.

They are an employer of choice in Sydney and are known for a great work/life balance, and a great relaxed work environment. This position would suit an operations professional who has previous experience with a global investment bank and seeking a more balanced work environment.

The ideal applicant would have previous experience for a few years within equity derivatives, asset management operations or futures & options settlement/support and must have exposure to corporate actions.

Main duties and responsibilities:

  • Capturing trades into internal systems in an efficient and timely manner
  • Ensure broker statements reconcile to internal systems daily across all products.
  • Fail trade processing, via liaison with Prime Brokers and counterparties.
  • Manage after trade details such as conversions / OTC cash flows including FX
  • Produce nightly profit and loss estimate and reconciliation to front office.
  • Liaise with Product Accountants & trading desk to ensure accuracy of nightly estimate.
  • Maintain PnL including cash flows for equity swaps/CFDs
  • Handle all corporate action activity across holdings including stock splits/rights issues/tender offers/dividends
  • Assist with new counterparty onboarding process
  • Assist with creation/redemption applications for ETFs
  • Maintenance of internal system static data – Liaison with IT Development Team to have this correct through both F/O and B/O systems

Essential Qualifications & Experience:

  • 3+ years experience working in the financial markets arena
  • Operational knowledge of Asian securities markets
  • Thorough knowledge of equity and equity derivatives.
  • Knowledge of corporate action’s needs to cover economic implications of flows as well as operational booking and reconciling requirements
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