Banking Specialist - OTC Derivatives processing

Avaloq; Schweiz; Remote; CHF 120,000 - 170,000; Full time

Job summary

Avaloq's OTC Derivatives Team within Banking Operations is responsible for processing and lifecycle management of in-scope derivatives, including equity and FX products. You will ensure accurate trade processing, reconciliation, and adherence to SLAs.

The role involves collaboration across the team to mitigate risks, resolve breaks, and support efficiency improvements, with opportunities to participate in UAT and SOP updates.

Qualifications

• Experience with OTC equity and FX derivatives operations.
• Ability to investigate and resolve break items and trade discrepancies.
• Familiarity with KOP and process documentation.

Responsibilities

• Ensure timely and accurate processing of derivatives within SLAs.
• Investigate and resolve all outstanding break items.
• Escalate operational risks and support risk mitigation.
• Assist with process improvements and UAT when required.

Skills

OTC derivatives processing

Trade reconciliation

SLAs & KPIs awareness

User Acceptance Testing

Job description

Banking Operations is a strategic Avaloq service line providing Banking Operations outsourcing services to banks. We are organized as a global Business Area, running state-of-the art Backoffice services with industry leading automation, quality, and risk standards. We are experts in providing a true value add to our clients and thus, always look to add creative and client-oriented personalities with drive and passion to our team.

You are applying to the OTC Derivatives Team, within the division of Banking Operations. The team is responsible for the processing and life-cycle management of in-scope products within agreed SLAs and procedures. This includes orders validation, matching of confirmations, cash and position reconciliation with relevant investigations to close open breaks, listed option transfers and collaboration with the other Banking Operations team to increase efficiency.

Your key tasks

• Timely and accurate processing of OTC Equity and FX derivative products (Accumulators, Decumulators, Swaps, Dual Currency Investment, Structured Investment, FX related products) as well as Interest Rate Swaps, Listed Options and Futures
• Prompt follow-up with relevant parties to resolve any trade exceptions/discrepancies
• Investigating and resolving all outstanding break items (cash and position reconciliations)
• Ensuring that operational delivery covering Derivatives activities is managed within SLAs and KPIs to prevent losses/breaches and mitigate risks
• Escalating any operational risks to Manager for mitigation/solutions
• Supporting Manager in various tasks including process efficiency/improvement and ensuring that information is duly updated in Key Operating Procedure (KOP)
• Performing User Acceptance Testing as and when required