JOB SUMMARY   An employee within MCVO-Cleared Collateral will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, they will also be expected to provide a high level of service to their clients.   The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations Departments. As a result the successful candidate will be required to possess strong communication skills.   We promote cross training and ensure our employees develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibility and in return you will be expected to contribute your own ideas to make a difference and add value to the group.   Some specific set of responsibilities are   Develop a comprehensive understanding of the clearing workflow (OTC and Listed Derivatives) that will help service the clients and perform internal operations processesLiaise with Middle Office, Trading/Sales, Treasury and other internal GS teams on issues to effectively resolve themWork closely with Engineering counterparts to identify/resolve system issues, and implement system enhancements to increase efficiency in current processesIdentify potential risks in operational processes; develop and implement controls to mitigate riskEffectively monitor risks in the process and escalate in a timely manner to ensure resolution and minimal impact to clientsWork with the global team to produce reports and build metrics to monitor performance and KRIsAttention to detail when booking margins for clients to avoid errors or catch any anomaliesPerforming a number of control functions, ensuring the integrity of our processesReview and approval of management and regulatory reports   BASIC QUALIFICATIONS   Ability to break down and fully understand products across Cleared OTC and Listed derivativesAttention to detail – goal of zero defect in work productAbility to work independently as well as be part of an interactive teamAbility to multi-task and prioritizeStrong control orientationGood problem solving skills/judgment – including ability to identify issues that require escalationExcellent verbal and written communication – role requires a lot of interaction with internal clients as well as drafting process documentation.Self starter who will push themselves to learn   PREFFERED QUALIFICATIONS   Functional Expertise - Keeps up-to-date with emerging business, economic, and market trendsTechnical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills – having knowledge in OTC Derivatives, Collateral Management, Clearing House margining is a good-to-haveDrive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacksClient and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectationsTeamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributionsCommunication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with othersJudgment and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issuesCreativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical valueInfluencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations
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