Confirm all transactions completed are valid deals; promptly escalating to Front Office of missing or erroneous trades
Ensure all trade confirmations are drafted, issued, and executed in accordance with procedures.
Ensure all drafted confirmations incorporate all approved and required terms along with appropriate references to any master agreements (ISDA, EEI, NAESB…etc)
Checking incoming counterparty confirms for errors and sending responses as needed
Assuring all broker confirmations are received and matched against trade economics within trading system
Liaising with Legal, Credit, Operations and other support partners to assure any additional terms are properly incorporated into contracts.
Actively follow up on outstanding confirmations, escalate and resolve any lengthy delay with Contract Manager and Front Office
Establish and maintain strong working relationships with Front Office and ensure their questions and request are addressed timely and accurately.
Provide weekly updates of any outstanding items to Contracts Lead and Contract Manager
Make sure all documents, emails and other supporting correspondence are filed in electronic retention system for each trade
Responding timely to any external queries on confirmations.
Escalate to Contracts Lead and Contracts Manager any issues with contract system
Responsible for updating and maintaining procedures documents
Proactively identify opportunities to further streamline process and improve productivity.
Participate in testing of system and process upgrades
Preferred Experience
Minimum 1+ years’ experience commodities trading environment
Experience or understanding of programming languages like Phyton or SQL
Conversational Spanish skills
Bachelor’s degree in numerate or semi-numerate subject (engineering, math, accounting, economics) or relevant experience in a related field
Understanding financial implications associated with the movement of physical product
Ability to assess contractual risk and make decisions accordingly
Capable of effectively communicating with internal and external contacts
Document administration in Microsoft Word
Additional information
Competencies
Self-motivated and proactive in problem solving
Highly organized
Takes the initiative, self-starter
Works well under pressure / fast-paced environment
Analytical approach to data
Adaptability
Seeks to continuously build knowledge
Excellent communication skills
Comprehensive benefit coverage includes
Medical
Dental
Vision
Paid Vacation
401k with company contributions
Life insurance
Short-term & Long-term disability
All your information will be kept confidential according to EEO guidelines.
