We are seeking a highly motivated and experienced OTC Trade Confirmation and Settlement Sr. Supervisor to oversee and manage the end-to-end trade confirmation and settlement process for Over-the-Counter (OTC) derivatives. The ideal candidate will possess a strong understanding of OTC derivative products, trade lifecycle, and regulatory requirements, coupled with excellent leadership and communication skills. This role requires a proactive individual who can identify and implement process improvements, manage risk, and ensure timely and accurate settlement of trades.

Responsibilities:

Trade Confirmation:

• Oversee the timely and accurate confirmation of OTC derivative trades, including interest rate swaps, credit default swaps, equity derivatives, and commodity derivatives.
• Ensure adherence to industry best practices and regulatory requirements, such as Dodd-Frank and EMIR.
• Resolve confirmation discrepancies and disputes with counterparties.
• Monitor and improve confirmation rates and reduce outstanding confirmations.

Trade Settlement:

• Manage the end-to-end settlement process, ensuring timely and accurate settlement of OTC derivative trades.
• Coordinate with counterparties, custodians, and internal stakeholders to resolve settlement issues.
• Monitor settlement performance and identify areas for improvement.
• Ensure compliance with settlement procedures and regulatory requirement

Process Improvement:

• Identify and implement process improvements to enhance efficiency, accuracy, and control.
• Streamline workflows and automate manual processes where possible.
• Develop and maintain process documentation and procedures.
• Implement and maintain appropriate controls to mitigate operational risk.
• Utilize and optimize trade confirmation and settlement systems.
• Identify opportunities to leverage technology to improve efficiency and reduce risk.

Risk Management:

• Identify and assess operational risks within the trade confirmation and settlement process.
• Develop and implement controls to mitigate identified risks.
• Ensure compliance with internal policies and procedures, as well as regulatory requirements.
• Participate in risk management assessments and audits.

Stakeholder Management:

• Build and maintain strong relationships with internal stakeholders, including trading, legal, compliance, and IT.
• Liaise with external counterparties, custodians, and service providers.
• Communicate effectively with stakeholders to resolve issues and provide updates.

Reporting and Analysis:

• Develop and maintain key performance indicators (KPIs) to monitor the performance of the trade confirmation and settlement process.
• Prepare and present reports to senior management on key metrics and trends.
• Analyze data to identify areas for improvement and potential risks.

Qualifications:

• Minimum of 7 years of experience in OTC derivative trade confirmation and settlement.
• Strong understanding of OTC derivative products, trade lifecycle, and regulatory requirements.
• Proven experience in leading and managing a team.
• Excellent communication, interpersonal, and problem-solving skills.
• Strong analytical and data analysis skills.
• Proficiency in trade confirmation and settlement systems.
• Knowledge of regulatory requirements, such as Dodd-Frank and EMIR.
• Ability to work independently and as part of a team.
• Strong attention to detail and accuracy.
• Prior experience with process improvement methodologies, such as Lean or Six Sigma is preferred.

Education:

• Bachelor's degree in Finance, Accounting, or a related field.

  
  This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

------------------------------------------------------

Job Family Group:

Operations - Transaction Services

------------------------------------------------------

Job Family:

Cash Management

------------------------------------------------------

Time Type:

Full time

------------------------------------------------------

Most Relevant Skills

Please see the requirements listed above.

------------------------------------------------------

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

------------------------------------------------------

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.