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Business Analyst Basic
BCforward is currently seeking highly motivated Business Analyst Basic, hybrid opportunity in Newark, DE. Position Title: Business Analyst BasicLocation: Newark, DEExpected Duration (possible extension): 06 MonthsRate: $39/hr on W2. This is hybrid role with 15days onsite and 15days remote. Description:The Stock Borrow Loan (SBL) desk is part of the Prime Finance Organization. SBL undertakes various trade structures ranging from short coverage, financing, conduit lending, dividend yield enhancement and the facilitation of longer-term non-standard structured deals. To support this, SBL borrows stock from counterparties based in various countries around the world and flows this stock through multiple legal entities onto the relevant risk entity.The Stock Borrow Loan Middle office's main function is to facilitate and control the end to end life cycle of Equity Borrow / Loan activity in NA. Liaison with external counterparties & traders on a day-to-day basis. Regulatory reporting, client onboarding and collateral (cash and stock) management are the main functions of the team along with the control and clearance of all exceptions and cash flows that the trade lifecycle creates. Responsibilities:Expectations for the role include but are not limited to:- Monitoring of Trades for completion, Mark to Market management, Contract Comparison and related breaks management
- Position Management and Exception Management
- Proactive Fails management, Full and Partial's Return management, Recall management and related Trade Amendments
- Oversight of Borrows throughout the day and supporting late borrows. Oversight of Collateral management and Pricing. Research Pricing anomalies and reconcile.
- Proactive entitlement monitoring of Corporate Action/ Events
- A functional understanding of the Securities Lending business and operations process will provide a strong advantage, but we are open to candidates with operations experience in financial services business of similar scope and complexity