Job Description

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.