Middle Office Specialist (Trade/ Settlement/ FX/ Collateral)

Middle Office Specialist (Trade/ Settlement/ FX/ Collateral)

Location: Chicago, 60661

Duration:6 months (possibility of extension)

Will Work in office Hybrid schedule

Rate: $35.30- $40.30/hr on w2

Required Skills
* Experience in financial markets
* Confident in facing off to senior stakeholders across the business (including Sales, Trading, Product Control, Credit and Legal).
* Strong controls background with previous experience of implementing and maintaining key business controls.
* Excellent verbal and written communication skills.
* Ability to Meet Deadlines.
* Organizational Skills with Special Emphasis on the Ability to Prioritize Responsibilities.
* Analytical and strong problem-solving abilities.
* Attention to detail, delivering high quality output.
* Experience within Financial Services / Banking industry

Skills:
* Collaboration
* Customer and Client Focus
* Oral Communications
* Prioritization
* Active Listening
* Adaptability
* Business Acumen
* Client Management
* Data Collection and Entry

Job Summary:
This role will directly support the Global F&O & OTC Funding & Optimization team which plays a vital role in collateralizing the firms liabilities in the most cost-effective manner, whilst adhering to the latest regulatory requirements. Strong Knowledge of cleared collateral operations, security operations or middle office operations would be beneficial.
The primary responsibility of the position is to provide comprehensive support of day-to-day funding process for the Global Collateral Operations business while ensuring appropriate risk mitigation controls are followed.

Daily tasks will include:
* Optimization of collateral posted both pre and post margin call to minimize the cost of collateral and maximize the use of available assets, considering balance sheet, liquidity, funding costs, mobility and eligibility of collateral.
* Driving the rehypothecation of assets received from clients to utilize them in the most efficient way possible and reduce the amount of unused assets.
* Working closely with the internal Trading Desks, Treasury and Settlement teams to source collateral for daily liabilities and ensure timely settlement of collateral movements.
* Collaborating across global regions, ensuring liabilities are collateralized within proprietary and market deadlines to reduce the risk of settlement failure.
* Ensuring all Client Margin Calls covered on a daily basis.
* Dealing with Client Trade & settlement queries on daily basis.
* Investigation and resolve of any margin call discrepancies.
* Identify and escalate fails in a timely and accurate manner to Credit/Risk. Management, Collateral Risk Management and Operations Management.
* Requesting / Booking of FX transactions for all client base.
* Dealing with collateral bookings & releases, Pledged & Lodged.
* Responding to client inquiries, and when needed, coordinate with the appropriate Front/Middle Office as well as the core processing area in order to facilitate resolution.

Dexian is a leading provider of staffing, IT, and workforce solutions with over 12,000 employees and 70 locations worldwide. As one of the largest IT staffing companies and the 2nd largest minority-owned staffing company in the U.S., Dexian was formed in 2023 through the merger of DISYS and Signature Consultants. Combining the best elements of its core companies, Dexian’s platform connects talent, technology, and organizations to produce game-changing results that help everyone achieve their ambitions and goals.

Dexian’s brands include Dexian DISYS, Dexian Signature Consultants, Dexian Government Solutions, Dexian Talent Development and Dexian IT Solutions. Visit https://dexian.com/ to learn more.

Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.