Business Analyst I

Employer
Randstad USA
Location
Baltimore, MD
Posted
Sep 19, 2020
Closes
Sep 26, 2020
Ref
1218902572
Function
IT, Systems Analyst
Hours
Full Time
job summary:Recent graduates with a Degree in Finance, Accounting and or Economics looking to get their foot in the door with a Fortune 500 Company ~ Please APPLY!! Description: Top 3 Skills: Critical thinking, communication skills, ability to work independently. Department Profile Shared Service and Banking Operations provide utility processing services to Global Operations. By functionalizing processes across segments, SSBO realizes efficiencies through scale, location strategy and adoption of best practices. SSBO provides quality operational core processes at an optimal price point, with maximum benefit to MS business lines. Services currently provided by SSBO include Cash Management, OTC Derivative and Security Settlements, Position Services, Reconciliations, Tax, Client Reference Data, Network Management and Vendor Management. Team Profile The OTC Settlements Team is responsible for all aspects of settlement for Foreign Exchange, Commodities, Credit, Interest Rate, and Equity OTC derivatives trades post-booking. The position requires daily interaction with various broker clients globally as well as internal sales and trading desks, other Operations groups, and technology teams. Our mission is to provide business units with cost effective, highly efficient and product agnostic full settlements services, enriching our clients experience and strengthening client relationships. Background on the Team OTC Settlements is divided into several teams by product and function, offering the fantastic opportunity to learn a variety of different derivatives products and functions within the larger OTC Settlements team. Each team is responsible for controlling risk by managing relationships with counterparties to ensure that high risk settlements are settled on value date, and where there are any post-settlement issues or discrepancies, the team investigates and resolves in a timely way. Product Coverage Fixed Income and Equity OTC Derivatives products, Foreign Exchange, and Commodities Primary Responsibilities - Daily communication with clients to agree upcoming cash flows - Investigation and resolution of client fails through various means, including daily interaction with trading desks, sales desks and middle office groups to ensure prompt resolution - Reconciliation and analysis of aged breaks - Client and Business Unit relationship management - Responding to client queries relating to position breaks, corporate action bookings and reporting - Collaborating with Operational management, sales, and trading desks to diminish risk through escalation and strong communication - Acting as a process owner and being accountable for all outstanding items - Developing and improving existing processes and reporting - Working as part of the global settlements team to assist with development, testing & implementation of internal system changes Skills required (essential): - Strong analytical, organizational, and verbal and written communication skills - Proven ability to work efficiently and accurately under pressure in a fast paced multi-tasking environment - Proactive and self-motivated - Strong Microsoft Excel and Word skills Skills desired Due to the nature of the products traded, the job requires the ability to identify problems as they arise and understand when these need to be escalated. Strong problem solving skills and continued follow up are a necessity. The candidate should possess a good appreciation of risk - both operationally and franchise. In addition, the role requires extensive client interaction both internally and externally so the ability to maintain and build excellent client relationships is a priority. location: Baltimore, Marylandjob type: Contractwork hours: 8 to 5education: Bachelor's degreeexperience: 2 Years responsibilities:Primary Responsibilities - Daily communication with clients to agree upcoming cash flows - Investigation and resolution of client fails through various means, including daily interaction with trading desks, sales desks and middle office groups to ensure prompt resolution - Reconciliation and analysis of aged breaks - Client and Business Unit relationship management - Responding to client queries relating to position breaks, corporate action bookings and reporting - Collaborating with Operational management, sales, and trading desks to diminish risk through escalation and strong communication - Acting as a process owner and being accountable for all outstanding items - Developing and improving existing processes and reporting - Working as part of the global settlements team to assist with development, testing & implementation of internal system changes qualifications:Skills required (essential): - Strong analytical, organizational, and verbal and written communication skills - Proven ability to work efficiently and accurately under pressure in a fast paced multi-tasking environment - Proactive and self-motivated - Strong Microsoft Excel and Word skills Skills desired Due to the nature of the products traded, the job requires the ability to identify problems as they arise and understand when these need to be escalated. Strong problem solving skills and continued follow up are a necessity. The candidate should possess a good appreciation of risk - both operationally and franchise. In addition, the role requires extensive client interaction both internally and externally so the ability to maintain and build excellent client relationships is a priority. skills: Business AnalysisEqual Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.