Equity Derivatives Confirmations Specialist

eClerx•New York, NY

88d•$90,000 - $115,000•Hybrid

About The Position

eClerx is seeking an equity derivatives operations associate to support a new program for one of our premier clients, a leading global investment bank. The successful candidate will be part of newly established Derivative Confirmation (DC) Service Team for Equity Structured Derivatives. Responsibilities include drafting and reviewing confirmations, applying MCA language, resolving discrepancies, and responding to client and business queries. The role includes a six-month structured training program, during which the candidate will collaborate with SMEs, team leads, and peers to ensure training, delivery and performance targets for the DC Service Team are met. An ideal candidate will bring prior experience in end-to-end confirmation drafting and incoming review processes across a range of Equity Derivative structures (outlined below). The role will be based in New York with the expectation of working from the office 2 days per week at a minimum.

Requirements

Bachelor’s degree in business, finance, accounting, or related field
Minimum 3-8 years of experience in equity derivatives operations; with specific experience in confirmations drafting
Working knowledge and drafting experience of the Transaction Families and Transaction Types defined in the table
Ability to work collaboratively across multiple stakeholders and locations
Demonstrated problem solving and business analysis skills, i.e. the ability to structure an approach to work through and solve complex and ambiguous challenges.
Excellent written and verbal communication skills
Ability to interact effectively with all levels of the organization

Responsibilities

Confirmations drafting and reviewing clients’ drafted confirmations:
See table of Equity Derivatives structures in scope for this role
Training will be available for transaction types and systems usage
Prior knowledge of a majority of these transaction types is preferred
Confirmations process servicing and support:
Responding to queries arising from the reconciliation of risk systems to pre-trade and post-trade documentation within a tight T+1 timeframe
Supporting the end to end processing of the DC Servicing team and the Confirmation lifecycle generally
Drafting and (where applicable) negotiating of Master Confirmation Agreements (“MCA”)
Handling non-complex queries relating to the language and provisions used within each confirmation
In 4-eye controls, perform the checker role before confirmations are released to clients