GMAC Financial Services is a global finance company operating in and servicing North America, South America, Europe and Asia-Pacific. GMAC specializes in automotive finance, real estate finance, insurance, commercial finance and online banking. Reporting to the Manager of Treasury Operations, this position as Treasury Operations Analyst is responsible for taking a lead role in supporting the trade confirmation and clearing process associated with GMAC equity activity. The Analyst will be involved in all trade set up in the trading platform as well as responsible for addressing settlement issues that arise with counterparties and the GMAC custody agent. The Analyst will help ensure a controlled trade settlement process exists by documenting the trade process as needed. The Analyst will need to demonstrate a detailed understanding of the trade process over time and be able to communicate and address issues with internal groups including the trading desk, cash operations, trading product management and finance.
Duties Include:
(50%) - Support and execute the trade confirmation and clearing process associated with GMAC fixed income and derivatives trading. Document trade processes to ensuring a controlled and repeatable process exists.
(25%) - Leverage the deal capture platform and establish trade profiles (trade set up), ensuring a smooth trade activity occurs.
(15%) - Resolve trade disputes or errors with counterparties or internal groups in a timely manner. Follow-up and confirm appropriate actions were taken by the collateral and custody agents.
(5%) - Develop a process to verify appropriate trade related payments occur and are posted appropriately to the general ledger system.
(5%) - Participate in special projects as needed. Knowledge, Skills and Abilities:
Previous work experience utilizing finance or accounting degree very beneficial to the position. (3-5 years of experience preferred).
Exposure to trading concepts or previous experience in an equity trade clearing/settlement environment.
High level of oral and written communication skills.
High level of interpersonal skills to work effectively with others.
Detail oriented and ability to focus on specific tasks is critical to success.
