Derivatives Ops Analyst 2
About the position
The Derivatives Ops Analyst 2 reviews complex interest rate and commodity derivative trades for completeness and accuracy. Duties and Responsibilities: Interpret interest rate and commodities trades and, based on instrument type, prepare appropriate confirmation documents ensuring that relevant legal terms are properly included. Conduct phone confirmations, as required, for key economic terms of commodity trades. Using Summit and Kiodex, vendor derivatives platforms for interest rate and commodities, setup and maintain client information. Responsible for ensuring all associated GL entries post properly and that account balances between GL and subledger stay in balance. Research accounting outages and determine appropriate steps to resolve out-of-balance situations. Prepare or assist in preparation of procedures and job aides. Prepares ad-hoc reports requested within business line. Work with audit or risk colleagues to provide information and test internal controls. Assist in the training of new colleagues on any and all functions. Participate in high profile/special projects. Performs quality check on completed work. Perform other duties as assigned. You must be located within the Huntington Corporate office footprint. Our Approach to Office Workplace Type Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Responsibilities
• Interpret interest rate and commodities trades and, based on instrument type, prepare appropriate confirmation documents ensuring that relevant legal terms are properly included.
• Conduct phone confirmations, as required, for key economic terms of commodity trades.
• Using Summit and Kiodex, vendor derivatives platforms for interest rate and commodities, setup and maintain client information.
• Responsible for ensuring all associated GL entries post properly and that account balances between GL and subledger stay in balance.
• Research accounting outages and determine appropriate steps to resolve out-of-balance situations.
• Prepare or assist in preparation of procedures and job aides.
• Prepares ad-hoc reports requested within business line.
• Work with audit or risk colleagues to provide information and test internal controls.
• Assist in the training of new colleagues on any and all functions.
• Participate in high profile/special projects.
• Performs quality check on completed work.
• Perform other duties as assigned.
Requirements
• High School Diploma or equivalent
• 3+ years of experience supporting financial operations, preferably working with loan or derivative documentation, settlements and general ledger postings.
Nice-to-haves
• Previous experience with or knowledge of Derivative products
• Above average knowledge of MS Office applications
• Strong organizational and telephone skills, excellent written and oral communication skills, strong interpersonal skills
• Ability to work in a team environment, resolve problem independently, inform management of all appropriate issues, and work with a sense of urgency while maintaining close attention to detail
• A passion for customer service, a strong work ethic, and a can-do positive attitude are essential
Benefits
• health insurance coverage
• wellness program
• life and disability insurance
• retirement savings plan
• paid leave programs
• paid holidays
• paid time off (PTO)
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Apply To this Job
The Derivatives Ops Analyst 2 reviews complex interest rate and commodity derivative trades for completeness and accuracy. Duties and Responsibilities: Interpret interest rate and commodities trades and, based on instrument type, prepare appropriate confirmation documents ensuring that relevant legal terms are properly included. Conduct phone confirmations, as required, for key economic terms of commodity trades. Using Summit and Kiodex, vendor derivatives platforms for interest rate and commodities, setup and maintain client information. Responsible for ensuring all associated GL entries post properly and that account balances between GL and subledger stay in balance. Research accounting outages and determine appropriate steps to resolve out-of-balance situations. Prepare or assist in preparation of procedures and job aides. Prepares ad-hoc reports requested within business line. Work with audit or risk colleagues to provide information and test internal controls. Assist in the training of new colleagues on any and all functions. Participate in high profile/special projects. Performs quality check on completed work. Perform other duties as assigned. You must be located within the Huntington Corporate office footprint. Our Approach to Office Workplace Type Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Responsibilities
• Interpret interest rate and commodities trades and, based on instrument type, prepare appropriate confirmation documents ensuring that relevant legal terms are properly included.
• Conduct phone confirmations, as required, for key economic terms of commodity trades.
• Using Summit and Kiodex, vendor derivatives platforms for interest rate and commodities, setup and maintain client information.
• Responsible for ensuring all associated GL entries post properly and that account balances between GL and subledger stay in balance.
• Research accounting outages and determine appropriate steps to resolve out-of-balance situations.
• Prepare or assist in preparation of procedures and job aides.
• Prepares ad-hoc reports requested within business line.
• Work with audit or risk colleagues to provide information and test internal controls.
• Assist in the training of new colleagues on any and all functions.
• Participate in high profile/special projects.
• Performs quality check on completed work.
• Perform other duties as assigned.
Requirements
• High School Diploma or equivalent
• 3+ years of experience supporting financial operations, preferably working with loan or derivative documentation, settlements and general ledger postings.
Nice-to-haves
• Previous experience with or knowledge of Derivative products
• Above average knowledge of MS Office applications
• Strong organizational and telephone skills, excellent written and oral communication skills, strong interpersonal skills
• Ability to work in a team environment, resolve problem independently, inform management of all appropriate issues, and work with a sense of urgency while maintaining close attention to detail
• A passion for customer service, a strong work ethic, and a can-do positive attitude are essential
Benefits
• health insurance coverage
• wellness program
• life and disability insurance
• retirement savings plan
• paid leave programs
• paid holidays
• paid time off (PTO)
Apply tot his job
Apply To this Job