Transaction Operations Specialist

Job Description:

Overview:

We don’t simply hire employees. We invest in them. When you work at Chatham, we empower you — offering professional development opportunities to help you grow in your career, no matter if you've been here for five months or 15 years. Chatham has worked hard to create a distinct work environment that values people, teamwork, integrity, and client service. You will have immediate opportunities to partner with talented subject matter experts, work on complex projects, and contribute to the value Chatham delivers every day.

Job summary:

We seek to enhance our operations and regulatory compliance team with a role specializing in documentation and process management for interest rate, currency, and commodity transactions. The role is part of our central operations group charged with managing derivative contracts and related post-trade processes including derivatives matching platforms.

The purpose of the role is to continuously improve the efficiency, accuracy, and scalability of our hedging operations as we serve clients with excellence before and after transactions are executed. This role will provide support for transactions executed by Chatham’s real estate sector.

We expect primary responsibilities to include:

Hedging documentation review

Review derivative trades documentation for accuracy by comparing bank documentation with our transaction records; assess both economic terms and other provisions

Learn and understand the agreements associated with derivatives as set by the International Swaps & Derivatives Association (ISDA) documentation including the Credit Support Annex (CSA)
Manage processes with client teams, banks, and other third parties

Evaluate, implement, and manage third party platforms to manage trade affirmation, reporting, and reconciliation

Coordinate with bank back-office groups and foster strong working relationships to improve processes and accuracy

Assist clients to ensure their funds flow properly on all settlements

Manage the tracking and internal reporting of transaction operations including outstanding documentation, updates, and reminders to colleagues and clients

Assist clients in complying with derivatives regulatory requirements

Learn relevant regulatory requirements under Dodd-Frank and EMIR to assist with the operational management of:

Clearing and margin requirements

Trade execution requirements

Documentation requirements

Regulatory reporting requirements

Portfolio reconciliation requirements

The role may also include opportunities to contribute to the team in other capacities as interests and team needs align.

Your impact:

Our team works in partnership with Chatham’s advisory teams and clients to help them efficiently navigate the operational and regulatory compliance aspects of a transaction. We strive to continually improve the workflows we are responsible for and have the chance to do so by implementing process changes and/or leveraging supporting technology. Team members play a crucial role in these process improvements and serve as subject matter experts, providing regular training and resources for all Chatham teams.

Contributors to your success:2+ years of experience working in a regulatory, operations or contract review focused role may be beneficial, but is not required

An interest in operational process management and improvement

High level of attention to detail, accuracy, and organization

Ability to multitask and independently prioritize workload

Strong verbal and written communication skills

We seek individuals that will thrive in our culture and can make a significant impact over the long term. Most of our team members do not come to Chatham with a deep understanding of derivatives; therefore, we conduct classroom and apprentice-style…