In-demand jobs: OTC client clearing

In-demand jobs: OTC client clearing

Demand for OTC client clearing professionals is high. Find out how you can secure a job in this fast-growing and popular area.

Why are OTC client clearing specialists so in demand?

The driving force is regulatory change. This has led to increased pressure from the FSA and the FED to centralise trade clearing to increase transparency and reduce exposure to risk.

An influential job

Client clearing is a very influential job. You not only have a lot of exposure to different areas, but you will have a direct impact on helping the bank to drive change vital to its overall success.

The driving force is regulatory change. This has led to increased pressure from the FSA and the FED to centralise trade clearing to increase transparency and reduce exposure to risk.

What skills do I need to be successful?

Banks want people with the ability to reduce the overall cost of a trade. You will therefore need to be innovative risk managers. Because investment banks are consistently trading new products and regulatory changes are in flux, the job will be continually changing. You will need to be versatile to keep up.

Who will I be working with?

You will have exposure to different areas of the business outside operations (such as legal, compliance and risk). But the role also provides exposure externally – you will be liaising with external bodies (such as the FSA and the FED) and other counterparties involved.

You will also have significant front office interaction and will be required to participate in industry forums.

How can I land an OTC client clearing job?

Because this is a new area of the business, employers do not always look for specific experience. If you have derivatives operational knowledge, for example, you are well suited to the job.

But you will need proven stakeholder management skills within a banking operations/middle office environment. You will also have the ability to overcome obstacles while working in a project capacity. If you are already in an operations role, getting involved in OTC Derivatives projects or forums is a definite tick in the box.

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