This role involves trade support and confirmation processes for OTC derivatives, including monitoring, communication with stakeholders, and resolving discrepancies in trade confirmations.
Company Description:As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.Describe the role:Job Description Summary
We are seeking a Pune India based Derivative Documentation Sr. Analyst to join our Derivative Operations Department in Global Technology & Operations.
Team/Group Description
The Derivative Operations department is responsible for the front to back operational support for OTC and listed derivative instruments, used across each of AB's core Strategic Business Units globally. The group performs middle office, collateral management, confirmation, reconciliation and settlement processes of this complex asset class.
Role Description`
The Derivative Documentation Sr. Analyst will complete a key role for AllianceBernstein (AB) by performing trade support and trade confirmation processes across the various derivative products that AB trades. The key function of the role is reviewing all executed trade terms and economics within the confirmations against the information that the third party brokers have alleged.
Key job responsibilities include, but are not limited to
• Complete accurate and timely execution of trade confirmations received from executing counterparties for cleared and bilateral OTC derivatives.• Escalate/Identify/raise the economics breaks in portfolios to trade counterparties and AB’s OTC Middle Office group
• Familiarity in reviewing and executing long form ISDA trade confirmations for OTC derivatives is strongly preferred.
• Monitor and maintain the confirmation status of all opening and closing transactions.
• Communicate effectively with internal and external stakeholders to ensure accurate and timely resolution of queries.
• Chase all outstanding confirmations in a timely manner
• Knowledge of/previous experience using OSTTRA suite of products (DSMatch,MarkitWire, TradeServ) and ICELink are strongly preferred.
• Partner with internal technology and operations teams to work to improving the OTC trade documentation process.
• Required to cooperate with AB’s in-office policy (minimum 4 days in the office per week).
• Shift timing: 18:00 to 2:30 IST. During daylight: 19:00 to 3:30 IST
Professional development value of this role (i.e., what learning and professional growth does the role offer the candidate?)
The Derivative Documentation role offers high visibility to AB traders and Middle Office teams. This role also works closely with dealer sales and trading desks.This role will offer candidates an opportunity to develop a deep understanding of the OTC markets and products, honing professional skills on presenting to senior audiences and the opportunity to work in a fast-paced environment.
Qualifications, Experience, Education
• Bachelor’s degree in finance, Accounting, Economics, or a related field. MBA is a plus.
• Minimum of 1-3 year of experience in supporting derivative trade confirmation, settlement or collateral operations at a bank or asset management firm.
• Strong understanding of OTC and exchange-traded derivatives products, including futures, options, swaps, and forwards.
• Proficiency in using derivative trade confirmation tools and derivative systems, such as Markitwire, ICELink, DTCC and Calypso.
• Experience with Microsoft Office is required. Any experience with VBA, Macros, or advanced Excel formulas is a plus.
• Excellent analytical and problem-solving skills, with a keen attention to detail.
• Strong communication and interpersonal skills, with the ability to work effectively in a team environment.
• Ability to work in a fast-paced environment and adaptable to change.Pune, India
We are seeking a Pune India based Derivative Documentation Sr. Analyst to join our Derivative Operations Department in Global Technology & Operations.
Team/Group Description
The Derivative Operations department is responsible for the front to back operational support for OTC and listed derivative instruments, used across each of AB's core Strategic Business Units globally. The group performs middle office, collateral management, confirmation, reconciliation and settlement processes of this complex asset class.
Role Description`
The Derivative Documentation Sr. Analyst will complete a key role for AllianceBernstein (AB) by performing trade support and trade confirmation processes across the various derivative products that AB trades. The key function of the role is reviewing all executed trade terms and economics within the confirmations against the information that the third party brokers have alleged.
Key job responsibilities include, but are not limited to
• Complete accurate and timely execution of trade confirmations received from executing counterparties for cleared and bilateral OTC derivatives.• Escalate/Identify/raise the economics breaks in portfolios to trade counterparties and AB’s OTC Middle Office group
• Familiarity in reviewing and executing long form ISDA trade confirmations for OTC derivatives is strongly preferred.
• Monitor and maintain the confirmation status of all opening and closing transactions.
• Communicate effectively with internal and external stakeholders to ensure accurate and timely resolution of queries.
• Chase all outstanding confirmations in a timely manner
• Knowledge of/previous experience using OSTTRA suite of products (DSMatch,MarkitWire, TradeServ) and ICELink are strongly preferred.
• Partner with internal technology and operations teams to work to improving the OTC trade documentation process.
• Required to cooperate with AB’s in-office policy (minimum 4 days in the office per week).
• Shift timing: 18:00 to 2:30 IST. During daylight: 19:00 to 3:30 IST
Professional development value of this role (i.e., what learning and professional growth does the role offer the candidate?)
The Derivative Documentation role offers high visibility to AB traders and Middle Office teams. This role also works closely with dealer sales and trading desks.This role will offer candidates an opportunity to develop a deep understanding of the OTC markets and products, honing professional skills on presenting to senior audiences and the opportunity to work in a fast-paced environment.
Qualifications, Experience, Education
• Bachelor’s degree in finance, Accounting, Economics, or a related field. MBA is a plus.
• Minimum of 1-3 year of experience in supporting derivative trade confirmation, settlement or collateral operations at a bank or asset management firm.
• Strong understanding of OTC and exchange-traded derivatives products, including futures, options, swaps, and forwards.
• Proficiency in using derivative trade confirmation tools and derivative systems, such as Markitwire, ICELink, DTCC and Calypso.
• Experience with Microsoft Office is required. Any experience with VBA, Macros, or advanced Excel formulas is a plus.
• Excellent analytical and problem-solving skills, with a keen attention to detail.
• Strong communication and interpersonal skills, with the ability to work effectively in a team environment.
• Ability to work in a fast-paced environment and adaptable to change.Pune, India
Top Skills
Dsmatch
Excel
Icelink
Macros
Markitwire
MS Office
Osttra Suite
Tradeserv
VBA
Similar Jobs
Artificial Intelligence • Cloud • Sales • Security • Software • Cybersecurity • Data Privacy
As a Consultant, you'll implement SailPoint software solutions, work independently on projects, communicate with clients, and deliver technical training.
Top Skills:
AWSAzureBeanshellC#C++GCPJavaJavaScriptJspLinuxPowershellPythonRubyServletsSQLTypescriptUnix
Artificial Intelligence • Cloud • Sales • Security • Software • Cybersecurity • Data Privacy
SailPoint seeks a Solution Architect who will lead customer projects, managing installation and integration of File Access Manager and providing post-sales support. Responsibilities include technical training and documentation.
Top Skills:
Active DirectoryEmcNetappOffice 365PowershellSharepointSQL ServerWindows Server
Artificial Intelligence • Cloud • Sales • Security • Software • Cybersecurity • Data Privacy
The Senior Solution Architect leads identity security programs by advising clients, assessing current identities, and improving program implementations while mentoring junior staff.
Top Skills:
AWSAzureDatabasesDirectory ServersGCPNetworkingPam SoftwareSailpoint Governance ProductsScripting Frameworks (AngularTypejs)Web Based Apis
What you need to know about the Pune Tech Scene
Once a far-out concept, AI is now a tangible force reshaping industries and economies worldwide. While its adoption will automate some roles, AI has created more jobs than it has displaced, with an expected 97 million new roles to be created in the coming years. This is especially true in cities like Pune, which is emerging as a hub for companies eager to leverage this technology to develop solutions that simplify and improve lives in sectors such as education, healthcare, finance, e-commerce and more.
