US Tech Solutions
OTC Clearing Product Development Analyst (New York)
US Tech Solutions, New York, New York, United States, 10261
Job Description:
This role is supporting OTC Clearing.
The U.S. Securities and Exchange Commission (SEC) has adopted rules (Treasury Clearing Rules) that will require the central clearing of certain cash U.S. Treasury security transactions and U.S. Treasury repos by the end of 2026 as part of the OTC Clearing Product Development team
The purpose of the role is to deliver implementation of US Treasury clearing product offering in the bank.
Prior experience delivering projects in large financial institutions related to US regulatory capital requirements, finance, accounting, risk.
Day to Day Responsibilities Participate in front to back product design and implementation. Document, track and report on the front to back product launch or release plan on a weekly basis Support the Operating Model design for each functional and product release to ensure all impacted parties fully understand their role in the process Ensure the front office Client Solutions operating model and process design is fully supported through training and testing Support sales and client onboarding with SME knowledge Support regulatory reporting change delivery
Role Context: The environment and operating conditions of the role including the extent of guidance and authority) The U.S. Securities and Exchange Commission (SEC) has adopted rules (Treasury Clearing Rules) that will require the central clearing of certain cash U.S. Treasury security transactions and U.S. Treasury repos by the end of 2026. Successful applicant will be expected as part of OTC Product Development team to work with various stakeholders both internal (Finance, Accounting, IT, Legal, Operations, Capital policy etc) and external (Clearing house, vendors) in order to implement FICC Agency clearing of US repos and treasuries product offering in OTC Client Clearing business in Client. There is a regulatory mandate by the SCC that requires the clearing of treasury and repo trades into a clearing house. Impacts both the bank and institutional clients, and the team needs a resource to do the business analysis and product design to drive this change for markets. This person will be supporting early on with Poland (product development lead) and will have the support of the onsite US team, but once acclimated will need to hit the ground running. The team will not have time to train up on regulations/management, etc and needs to be able to take the lead themselves. This person needs to be an SME across this regulation. Background in US treasuries, Repo and clearing. They are a clearing broker, so they need to be able to clear as a bank but also clear the clients. There are regulatory deadlines so this person will need to be able to meet deadlines and be driven based on those timed deliverables.
Top Skills: Strong business analysis and project management skills, stakeholder management Demonstrable project planning and management skills through delivery examples Good understanding of Risk models for banks and Risk management focusing on counterparty credit risk in clearing Ability to interpret accounting and capital regulatory reporting policies and implement them in the bank English
Essential strong spoken and written
Essential Experience: Good understanding of CRR (Capital requirement regulation), Basel III international standards with US specific modifications, US regulatory capital requirements for the FCM/Agency clearing, IFRS, US GAAP, Liquidity requirements for the bank
Year Of Experience: 7-10 years of experience.
Disqualifiers: A generic project manager will NOT work. This person needs to understand the regulations, capital requirements, clearing and repos. There will be no time to train this person in this space.
About US Tech Solutions:
US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit
www.ustechsolutions.com
. US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Recruiter: Zeeshan Ali E-mail:
zeeshan.ali@ustechsolutionsinc.com Internal ID: 25-55378
Day to Day Responsibilities Participate in front to back product design and implementation. Document, track and report on the front to back product launch or release plan on a weekly basis Support the Operating Model design for each functional and product release to ensure all impacted parties fully understand their role in the process Ensure the front office Client Solutions operating model and process design is fully supported through training and testing Support sales and client onboarding with SME knowledge Support regulatory reporting change delivery
Role Context: The environment and operating conditions of the role including the extent of guidance and authority) The U.S. Securities and Exchange Commission (SEC) has adopted rules (Treasury Clearing Rules) that will require the central clearing of certain cash U.S. Treasury security transactions and U.S. Treasury repos by the end of 2026. Successful applicant will be expected as part of OTC Product Development team to work with various stakeholders both internal (Finance, Accounting, IT, Legal, Operations, Capital policy etc) and external (Clearing house, vendors) in order to implement FICC Agency clearing of US repos and treasuries product offering in OTC Client Clearing business in Client. There is a regulatory mandate by the SCC that requires the clearing of treasury and repo trades into a clearing house. Impacts both the bank and institutional clients, and the team needs a resource to do the business analysis and product design to drive this change for markets. This person will be supporting early on with Poland (product development lead) and will have the support of the onsite US team, but once acclimated will need to hit the ground running. The team will not have time to train up on regulations/management, etc and needs to be able to take the lead themselves. This person needs to be an SME across this regulation. Background in US treasuries, Repo and clearing. They are a clearing broker, so they need to be able to clear as a bank but also clear the clients. There are regulatory deadlines so this person will need to be able to meet deadlines and be driven based on those timed deliverables.
Top Skills: Strong business analysis and project management skills, stakeholder management Demonstrable project planning and management skills through delivery examples Good understanding of Risk models for banks and Risk management focusing on counterparty credit risk in clearing Ability to interpret accounting and capital regulatory reporting policies and implement them in the bank English
Essential strong spoken and written
Essential Experience: Good understanding of CRR (Capital requirement regulation), Basel III international standards with US specific modifications, US regulatory capital requirements for the FCM/Agency clearing, IFRS, US GAAP, Liquidity requirements for the bank
Year Of Experience: 7-10 years of experience.
Disqualifiers: A generic project manager will NOT work. This person needs to understand the regulations, capital requirements, clearing and repos. There will be no time to train this person in this space.
About US Tech Solutions:
US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit
www.ustechsolutions.com
. US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Recruiter: Zeeshan Ali E-mail:
zeeshan.ali@ustechsolutionsinc.com Internal ID: 25-55378