Business Analyst - Chicago, United States - Tailored Management

    Tailored Management
    Tailored Management Chicago, United States

    3 weeks ago

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    Description
    This is your opportunity to join a multinational investment bank and financial services holding company whose investment banking and auxiliary sectors serve 56 million US consumers and small business relationships with a global footprint

    Job Title:
    Business Analyst

    Pay Rate:
    $48.44 per hour (paid weekly)

    Location: 540 W Madison StreetSchedule: Hybrid Schedule (3 days in office/2 days WFH)


    Job Type: 6-Month Initial Contract
    Potential for contract extension or conversion based on business need and job performanceAccess to health benefitsWho we are:Global Collateral Operations & Exchange Traded Derivatives Operations (GCO & ETD Ops) are responsible for the exchange of collateral to reduce counterparty credit risk and for the support of post-execution trade clearing and product lifecycle management.

    Our global team consists of a diverse pool of over 500 individuals spanning 16 cities across 7 countries.

    We provide front-to back support for a broad range of Clients (hedge funds, market makers, trading firms, advisers and investment banks), Global Market products and businesses including:


    • Futures and Options & OTC Cleared (F&O)
    • Prime Brokerage (PB)
    • Global Wealth & Investment Management (GWIM)

    OTC Bi-lateral Derivatives (OTC)ETD Operations supports:

    • Execution, clearing and allocation of trades and position transfers to the highest quality standards.
    • Futures and Options position life cycle management including option exercise and assignments, physical deliveries, expirations, last trade date monitoring, long date reporting, open interest adjustments and regulator inquires.
    • Daily Reconciliations and exception resolution, maintaining the integrity of the sub ledger for Listed and OTC Futures and Options product.
    • Non-Financial Regulatory Reporting to Futures Exchanges and Regulators
    • Setup and maintenance of static data, clearing fees and memberships within sub ledger and Exchanges.
    • Ensuring compliance with regulatory and industry mandates across 15 Legal Entities
    • Production of reports and information required to comply with regulatory requirements and internal control policies.
    • Researching and resolving problems within the line of business
    • Day-to-day analysis, research, and resolution of varied problems

    The Team:

    The Data Control Team are considered Subject Matter Experts (SME) on the GMI back-office solutions software within the ETD space.

    We provide data analytics, support, and decisions on high-priority enterprise initiatives. We support GMI applications and custom in-house processes for production involving but not limited to the following teams: Clearing / Operations, Client Services, Finance, Commissions / Fees, Risk, Brokerage, Client Money, Transaction Reporting and Client Integration

    Job purpose:
    The Data Control Analyst role is considered the first level of support within the back-office operations production environment.

    In addition to the daily set list of tasks, the data control team will provide input and guidance to various project managers and leads.

    Having a general understanding of the financial markets, GMI back-office solutions software, and the full cycle of a transaction is required.

    Strong analytical skills are needed to properly troubleshoot issues.


    Duties And Responsibilities:

    • Maintain communication between various lines of business and either the vender or internal technology teams.

    Subject Matter Expert:
    Provide input and guidance to various project managers and leads. Involved with complex initiatives and relied upon within the F&O organization.

    • Generates ad-hoc reports as requested by regulators performing audits.
    • Work with project managers to ensure the bank is providing data per government regulations.
    • Senior software QA testers with full system development lifecycle experience, performing testing of impact of changes within GMI and custom processes to tracking reported issues for PTF release.
    • Creates various job flow charts for process improvement.
    • Enhance users understanding of systems by delivering group and individual training sessions and creation of user-friendly training materials.
    • Troubleshoot user issues, analyzing root cause and taking corrective actions in collaboration with internal departments.
    • Maintain vender parameters, profiles, and contracts in global environments.
    • Daily BAU including reconciliation and correction of internal general ledger, risk analysis of key fields via auto-generated alert reports, and data mining,
    • Contributed to significant business risk security by maintaining 85+ user groups, used to regulate the authority of over 600 users on the GMI system

    Core Skills:

    • Confident communicator who proactively identifies and raises risks and issues.
    • Flexible in adjusting to demands and challenges, with ability to work at a fast pace, in a high-volume environment and meet tight deadlines.
    • Experience and commitment to identify and drive improvements to existing processes.
    • Experience of using GMI back-office software as well as 3rd party systems like Cesium, EFS & BPS.
    • Strong communication, partnership and relationship building skills.
    • Candidate should be intellectually curious and understand what drives processes, with ability to assess risk, propose design of effective controls and implement to plan to streamline existing processes.