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Business Analyst
Ref No.: 18-00795
Location: Brooklyn, New York
Position Type:Contract
Leading Investment Bank in the Credit Risk Management Group is seeking a Business Analyst.

Job Description:
The analyst will be part of a team with the following responsibilities:

• Review and understand new agreement terms and documentation.
• Set-up agreement terms regarding collateral in credit systems for ongoing monitoring.
• Monitor collateral daily and identify non-compliant scenarios. Confirm the accuracy and escalate to Credit and Bankers for resolution plan and date determination.
• Manage requests for intraday transactions and approve if collateral position adequate. Intraday transactions are inclusive of cash and security movement within pledged accounts as well as loan and letter of credit draw downs.
• Manage third party pledge scenarios.
• Participate in credit system defect identification, UAT testing, and ongoing business requirement discussions.
• Manage initiatives to resolve control gaps and enhance current processes for further efficiency and effectiveness as needed.
• Provide analysis concerning portfolio as needed.
• Review and validate collateral requirements for OTC derivatives including option strategies
• Track and Assist in resolving margin calls related to OTC derivatives
• Validate and issue margin calls to Financial Advisors.
• Review day to day OTC derivative credit exposure
• Manage inquiries from Bankers, Brokers, Lenders, Client Services on margin lending topics.
• Provide training to Credit Risk Management Team and other group as required.

Skills and Experience Required:
Minimum of two years working experience in a derivatives or collateral group focused on supporting prime brokerage relationships, institutional or high net worth client base.

• Strong interest in derivative products and strategies
• Solid Knowledge of Margin Lending regulations and practices a plus
• Strong detail and results orientation
• Strong verbal and written communication
• Strong analytic skill
• Must be self-motivated and able to work independently
• Must be able to manage day to day work in addition to managing multiple projects
• High-level of proficiency in organizing, prioritizing, and managing issues
• Advanced Excel skills; Microsoft Access Skills a plus
• BA/BS or equivalent in a business field