Margin Department Supervisor jobs in Bolingbrook, IL

DESCRIPTION:

Duties: Forecast funding needs in order to support trading activity. Settle cash and collateral, taking into account market standard and Clearing House and currency cut-offs. Settle collateral and cash movements instructed by the Global Treasury Team and the Client Service Teams. Perform checks for Collateral Acceptability. Maintain sufficient funding in all bank accounts for global currencies and regulatory origins. Support FX trade settlements. Perform Reconciliation of Cash balances in Nostro accounts. Perform investigation on payments made by SWIFT as needed for client inquiries. Perform RegW calculations for Federal Reserve Reporting. Automate manual processes by use of self-solve tools like Alteryx. Partner with Technology team for providing Business Requirements and conduct User Acceptance Testing.

QUALIFICATIONS:

Minimum education and experience required: Bachelor's degree in Business Administration, Economics, Finance, Accounting or related field of study plus 2 years of experience in the job offered or as Financial Analyst, Financial Associate or related occupation.

Skills Required: Requires experience in the following: Margining process; clearing and settlement using Banking and Custodial channels; Standard Settlement Instruction; Swift Messaging protocol; FX settlement; Collateral Eligibility; Reconciliation; Advanced Excel; Accounting; Alteryx; CFTC Client Money regulation.

Job Location: 10 South Dearborn St, Chicago, IL 60603.  Telecommuting permitted up to 40% of the week.