Title: Risk Trading Confirmation Agent
Location: Detroit, MI - Hybrid schedule (3 days in office T,W,T)
Duration: 12+ Months
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
• Researches 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
