Associate – Program Compliance and Middle Office

Guggenheim Partners•Chicago, IL

33d•$60,000 - $90,000•Hybrid

About The Position

Guggenheim Treasury Services (GTS), a structured financing business within Guggenheim Partners, is seeking an exceptional operations and risk focused individual to join its Program Compliance team as an Associate. The Program Compliance team is a highly collaborative middle office group that oversees and manages key aspects of the GTS business. This person initially will be involved in all aspects of the OTC derivatives collateral process, including margin requirement calculations, margin call issuance and response, portfolio reconciliation, trade acknowledgements, trade reporting, and internal reporting. Ultimately, individual will be exposed to all group functions. The ideal candidate will have strong analytical skills, will be detail oriented, and will demonstrate an ability to perform in a fast-paced, dynamic environment. The successful candidate will also have experience with fixed income markets and/or derivative markets and a desire to learn more about how our business works. Additionally, the ideal candidate will demonstrate an ability to effectively communicate in a timely manner with peers, heads of related groups in the GTS business and external clients. The Associate – Program Compliance and Middle Office role presents an opportunity for entry and growth within one of the initial business lines (Institutional Finance) of Guggenheim Partners, LLC. This well established and highly recognized manager of ABCP programs has been part of Guggenheim Partners, LLC since its inception in 2000. This position will report on-site in our Chicago office a minimum of 3-4 days per week.

Requirements

Completed bachelor’s degree with a minimum of 2 to 5 years’ experience in financial services, specifically fixed income and derivatives markets.
Strong excel skills required, including the ability to complete ad hoc analysis integrating data from multiple sources as well as using these skills for process improvement and automation projects.

Nice To Haves

Strong analytical skills, including ability to review and create detailed reporting from databases and other sources
Excellent written and oral communication skills with peers, superiors and external parties. Responsive to client needs.
Organized, detail oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative
Familiarity with efficiency tools, such as Python and SQL.
Ability to adapt quickly and appropriately in accordance with the constant evolution of the company and industry
Must be able to multi-task in a fast-paced environment
Experience with TriOptima/TriResolve/TriResolve margin, BNY AccessEdge, or related collateral management systems
Curiosity; the desire to improve assigned tasks, through efficiency and accuracy, and the desire to learn more about the businesses the group supports

Responsibilities

Calculate variation margin and initial margin amounts
Monitor collateral balances and movements to make collateral deadlines throughout the day, issuing collateral calls via the designated collateral management system.
Verify collateral has been posted and collected
Research and investigate discrepancies between internal and independent prices above an approved threshold / tolerance
Review and respond to any incoming margin calls
Review, validate, and approve wires and collateral movements
Perform portfolio reconciliation, research and resolve discrepancies, notify internal and external parties
Send trade acknowledgement follow-up emails for trade verification purposes
Review trade acknowledgements, check trades, and raise any discrepancies internally and notify counterparty
Review trade reporting data for accuracy and completeness