Derivatives Ops Analyst 2

Huntington National Bank•Detroit, MI

1d•$21 - $38•Onsite

About The Position

The Derivatives Ops Analyst 2 reviews complex interest rate and commodity derivative trades for completeness and accuracy. Duties and Responsibilities: Interpret interest rate and commodities trades and, based on instrument type, prepare appropriate confirmation documents ensuring that relevant legal terms are properly included. Conduct phone confirmations, as required, for key economic terms of commodity trades. Using Summit and Kiodex, vendor derivatives platforms for interest rate and commodities, setup and maintain client information. Responsible for ensuring all associated GL entries post properly and that account balances between GL and subledger stay in balance. Research accounting outages and determine appropriate steps to resolve out-of-balance situations. Prepare or assist in preparation of procedures and job aides. Prepares ad-hoc reports requested within business line. Work with audit or risk colleagues to provide information and test internal controls. Assist in the training of new colleagues on any and all functions. Participate in high profile/special projects. Performs quality check on completed work. Perform other duties as assigned. You must be located within the Huntington Corporate office footprint.

Requirements

High School Diploma or equivalent
3+ years of experience supporting financial operations, preferably working with loan or derivative documentation, settlements and general ledger postings.

Nice To Haves

Previous experience with or knowledge of Derivative products
Above average knowledge of MS Office applications
Strong organizational and telephone skills, excellent written and oral communication skills, strong interpersonal skills
Ability to work in a team environment, resolve problem independently, inform management of all appropriate issues, and work with a sense of urgency while maintaining close attention to detail
A passion for customer service, a strong work ethic, and a can-do positive attitude are essential

Responsibilities

Interpret interest rate and commodities trades and, based on instrument type, prepare appropriate confirmation documents ensuring that relevant legal terms are properly included.
Conduct phone confirmations, as required, for key economic terms of commodity trades.
Using Summit and Kiodex, vendor derivatives platforms for interest rate and commodities, setup and maintain client information.
Responsible for ensuring all associated GL entries post properly and that account balances between GL and subledger stay in balance.
Research accounting outages and determine appropriate steps to resolve out-of-balance situations.
Prepare or assist in preparation of procedures and job aides.
Prepares ad-hoc reports requested within business line.
Work with audit or risk colleagues to provide information and test internal controls.
Assist in the training of new colleagues on any and all functions.
Participate in high profile/special projects.
Performs quality check on completed work.
Perform other duties as assigned.