The Senior Analyst – OTC Trade Confirmation is responsible for the timely and accurate confirmation of OTC derivative trades

across multiple asset classes. The role ensures trades are confirmed in line with ISDA standards, regulatory requirements, and internal controls, while proactively managing exceptions, discrepancies, and counterparty escalations.

The position requires strong product knowledge, attention to detail, stakeholder management, and the ability to drive process efficiency and risk mitigation.

Key Responsibilities

• Trade Confirmation & Validation
  • Perform end‑to‑end confirmation of OTC derivative trades including, but not limited to:
    • Interest Rate Derivatives (IRS, OIS, Swaps)
    • Credit Derivatives (CDS, indices)
    • FX Derivatives (Forwards, Swaps, Options)
    • Equity & Commodity OTC products (where applicable)
  • Validate trade economics against front‑office systems, term sheets, and confirmations.
  • Ensure confirmations are completed within agreed SLAs and industry standards (ISDA, CSA).
• Exception & Discrepancy Management
  • Investigate and resolve trade breaks, mismatches, and disputes with counterparties and internal teams.
  • Proactively track aged/unconfirmed trades and escalate risks appropriately.
  • Ensure accurate documentation of issues and resolution paths for audit and regulatory review.
• Counterparty & Stakeholder Interaction
  • Liaise with front office, legal, risk management, back office, and external counterparties.
• Regulatory & Risk Control
  • Ensure compliance with regulatory requirements such as EMIR, Dodd‑Frank, and other local regulations.
  • Support audits, risk assessments, and regulatory inquiries.
  • Maintain strong operational controls to mitigate operational and counterparty risk.
• Process Improvement & Mentorship
  • Identify process inefficiencies and contribute to automation, standardization, and control enhancements.
  • Act as a subject matter expert (SME) and provide guidance or mentoring to junior analysts.

Required Skills & Competencies

• Technical & Product Knowledge
  • Strong understanding of OTC derivatives and confirmation workflows.
  • Familiarity with ISDA documentation, CSA agreements, and regulatory requirements.
  • Hands‑on experience with confirmation platforms (e.g., MarkitWire, ICE, DTCC, electronic confirmations).
• Analytical & Operational Skills
  • High attention to detail with strong reconciliation and analytical capabilities.
  • Ability to manage high volumes and tight deadlines without compromising accuracy.
  • Strong problem‑solving and root‑cause analysis skills.
• Communication & Stakeholder Management
  • Clear and professional written and verbal communication.
  • Ability to handle counterparty negotiations and internal escalations confidently.
  • Collaborative mindset with a strong sense of accountability.

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, Economics, or a related discipline.
• 3–6 years of experience in Middle Office / Trade Support / OTC Confirmations.
• Experience across multiple asset classes preferred.
• Exposure to global markets and multi‑regional counterparties is an advantage.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Technology

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Job Family:

Business Analysis / Client Services

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

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