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Finance Specialist 2

Company: TalentBurst, Inc.
Location: Springfield
Posted on: November 24, 2022

Job Description:

Title - Derivative and Collateral Analyst
Location - Hybrid at Boston or Springfield, MA
Duration - 6 Months Contract with strong potential for renewal/conversion to FTE
Job ID - 17564800

Job Summary
As a critical member of a specialized team, the Derivative/ Collateral Operations analyst will work with the Corporate Units, Lines of Business (LOBs), Enterprise Risk Management (ERM), Investment Managers, and subsidiaries to provide oversight, analysis, and complex processing of various collateral and derivative transactions related to the company and its portfolio. The consultant will apply finance, investment and accounting knowledge and other technical skills to provide oversight while addressing both recurring and critical time-sensitive issues and communications needs. Responsible for creating, documenting and implementing complex operating processes. May lead enterprise wide initiatives to safeguard cash assets for operating and investment cash flows. Provide functional advice or training as needed. A successful candidate must be able to work under pressure, accurately and with limited supervision and must be able to represent Investment Management and the company in communications with internal and external constituents with discretion, tact and decorum.

Role Characteristics


  • Handles complex transactions involving derivatives and collateral management
  • Anticipates change, looks for trends and directs or redirects efforts
  • Works independently and with management on high visible, divisional/cross-divisional complex projects
  • Collaborates with various internal and external parties
  • Sought as a key resource for resolution of unique or complex business problems
  • Advances the interest of the company by serving on teams that are external to the organization when appropriate
  • Drives continuous improvement and efficiencies beyond own scope of responsibility
  • Makes worthwhile improvements to existing procedures and programs
  • Individual typically has at least 5+ yrs of related experience

    Job Responsibilities & Requirements
    Key Responsibilities:
    Daily oversight of various collateral types
    Manage complex cash management-position of derivative products and collateral
    Assist in implement new regulations related to Collateral and Derivatives
    Perform detailed analysis and resolutions for complex variances related to derivatives and collateral
    Report and analyze cash and investment activity for various audiences including senior leaders in IM, the LOBs and Corporate
    Manage derivative and collateral operational aspects of new mandates
    Liaison with front office, back office and auditors
    Approve wire transfers and submit SWIFT communications
    Manage cash forecasting and analysis (foreign and domestic)
    Participate in Derivative and Collateral project work to support Investment Management and Corporate goals

    Requirements:
    Excellent interpersonal and communication skills (written and oral)
    Strong attention to customer service and quality results
    Strong attention to detail - precision and quality
    Strong analytical and problem solving abilities
    Ability to handle shifting priorities effectively
    Knowledge of Derivatives, Collateral, Banking, Finance, Investment Operations, and Accounting or relevant work experience
    Finance and investment backgrounds a plus



    Adaptability


    Definition - Respond resourcefully, flexibly and positively when faced with new challenges and demands.

    --- Proactively adapts plans in response to changing priorities
    --- Deals constructively with mistakes and obstacles
    --- Works productively in the face of ambiguity or uncertainty


    Business Acumen


    Definition - Understand client's business and how your work aligns to team and business performance.

    --- Suggests performance metric to track individual and team performance
    --- Understands and effectively prioritizes based on customer needs
    --- Communicates how the team's work aligns with customer needs


    Customer Focus


    Definition - Anticipate customers' needs to exceed their expectations.

    --- Identifies and anticipates customer requirements
    --- Establishes and maintains effective relationships with customers
    --- Seeks customer feedback from variety of sources to identify improvement opportunities
    --- Looks for trends in order to anticipate changing customer needs


    Communication


    Definition - Demonstrate effective communications skills; tailor communication to audience and situation.

    --- Develops trust by fulfilling deliverables and commitments
    --- Holds open, candid and transparent conversations
    --- Delivers engaging presentations by tailoring the content to the audience
    --- Engages with stakeholders to develop support among key decision-makers and influencers.


    Execution


    Definition - Hold self and others accountable for following through the process to achieve business results.

    --- Establishes specific priorities and develops daily action plans; manages tasks to fit evolving demands
    --- Holds self and others accountable for following the process and achieving results
    --- Anticipates customers' needs and identifies crucial resources needed to meet them.


    Improvement & Innovation


    Definition - Continually seek to improve how we work.

    --- Is skilled at continuous improvement tools/techniques
    --- Has a keen idea of how processes could be improved to make it easier for employees and to better meet the customer needs
    --- Celebrates problems as an opportunity to better serve the customer
    --- Goes to where the work is done on a daily basis to seek/support improvement opportunities and innovative ideas


    Judgment-Decision Making


    Definition - Take accountability to make informed and timely decisions.

    --- Choose the best alternative based on review of pros, cons, trade-offs, timing and probabilities
    --- Makes decisions in the face of uncertainty by identifying alternatives based on information available
    --- Makes logical and integrative decisions by considering their impact.


    Problem Solving


    Definition - Look for problems as an opportunity for improvement.

    --- Effectively escalates problems to the appropriate level
    --- Facilitates team problem solving discussions
    --- Applies go-see-learn behavior to collect information through direct observation


    Self Development


    Definition - Manage own development; create and implement meaningful development plans.

    --- Creates a development plan with minimal assistance and takes accountability for pursuing it
    --- Seeks opportunities to acquire new knowledge and skills
    --- Actively engages manager and/ or coach in development conversation with clear identification of development needs


    Teamwork


    Definition - Help each other succeed as a team.

    --- Appropriately involves other team members in decisions
    --- Demonstrates teamwork that balances individual initiative with team accomplishments
    --- Actively promotes team work and information sharing across the function
    --- Guides, coaches and support new team members




    This position will require the associate to comply with the company's Investment Advisory Code of Ethics ( "Code ") pursuant to SEC rules and regulations. In accordance with Code provisions, you may be required to disclose, among other things, personal securities accounts (including household members) and investment transactions directed by you or members of your household. Corporate Compliance may also need to obtain duplicate trade confirmations and account statements from applicable brokers for monitoring purposes. In addition, you will need to make disclosures required by FBAR.
    -

Keywords: TalentBurst, Inc., Springfield , Finance Specialist 2, Accounting, Auditing , Springfield, Massachusetts

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