Title: Risk Trading Confirmation Agent Location: Detroit, MI - Hybrid schedule (3 days in office T, W, Thursday) Duration: 12+ Month contract with the chance of extending or converting. Role Type: W2 Contract Engagement Pay Rate: $23.00-29.00/hour
Job Summary Supports basic operations of trading risk control functions, including trade confirmation and compliance. Interfaces with internal and external constituents on trade validation questions and discrepancies. Works with internal and external system support teams to solve technical issues and to enhance business process solutions.
Key Accountabilities
Participates in managing administrative aspects of trade confirmation and compliance functions for the organization’s non-regulated companies
Collaborates with traders, deal entry, contract administrators, brokers, and counterparties to review and ensure the completeness and accuracy of trade confirmations
Works with trading system support teams to resolve system errors and defects and to enhance business processes
Timely and accurately identifies and reports Commodity Futures Trading Commission designated swap transactions
Learns confirmation related aspects of energy contracts, including International Swaps and Derivatives Association (ISDA) and North American Energy Standards Board (NAESB), to assist with managing the trade confirmation process
Research issues and understands the trade confirmation and control needs for new products and markets
Preferred:
Bachelor’s degree with a concentration in a business-related discipline
Experience in administration of risk management/trade confirmation and control functions
Other Requirements:
Proficiency in the use of spreadsheets and database managers
Communicates effectively, verbally and in writing, with individuals at all levels, inside and outside the Corporation, especially with traders, trading support staff and outside counterparties
Analytical and problem-solving skills consistent with the ability to identify key issues from a broad range of alternatives and recommend optimal solutions for various situations
*Beware of scams. S3 never asks for money during its onboarding process