OTC Settlements Utility Manager – Strategic Implementation job - UBS Investment Bank - Stamford, Connecticut
| Company Name |
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| Position Type |
Full-Time |
| Job Location |
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| Job Posted |
November 7, 2009 |
| Source |
www.careerbuilder.com |
UBS is a client-driven global financial services firm. Our leading investment banking and securities business provides a broad range of products and services to our corporate and institutional clients, governments, financial intermediaries and alternative asset managers.DescriptionThe OTC Settlement Utility is a global team of 150+ (on & offshore) members whose responsibilities are related the Pre and Post settlement aspects for all OTC Derivatives products. Pre-settlements functions include calculation settlements amounts, creating reset / payment advices, confirming cash flows with internal or external clients, paying or receiving the funds and communicating errors with front office and Post-Settlements includes investigating cash breaks, analyzing their root causes, resolving breaks with internal or external clients, looking at p/l breaks with AVI team, and posting manual accounting entries when necessary. This utility is also responsible for managing all the associated technology and market initiatives relating to settlements and works with the various Specialized Processing Groups (SPGs) ...