New

CCM Processing Analyst I

Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
United States, Michigan, Farmington Hills
Jan 10, 2025
Processing Analyst I The Processing Analyst I role will be to support the operational activities related to derivatives (Interest Rate Hedges and Energy) swaps transactions, working closely with traders, and stackeholders to ensure accurate and timely processing of trades, settlements and related activities. The Processing Analyst I role will involve handling a range of derivative products, such as futures, swaps, trade verification and confirmation, payment execution, reconciliation and reporting, utilization of multiple subsystems, and compliance. Position Competencies Successful incumbents possess strong verbal and written communication skills with the ability to collaborate effectively with cross functional teams, understanding of derivative products or related processes and/or knowledge of back office operations, trade lifecycle and settlement processing. Incumbet possesses analytical skills, prioritization, adaptability, detail oriented and ability to work accurately under pressure. Position Responsibilities: Validate and process trade instructions received from Front Office Traders. Confirm trade details and ensure accuracy of trade documentation. Work with counterparties to resolve any trade-related discrepancies in a timely manner. Ensure timely settlement of derivatives trades via OpenLink BO Customer and Dealer banks. Monitor and reconcile trade activity, investigate, and resolve settlement discrepancies and/or failed trades. Conduct daily reconciliations between the bank's internal systems and external platforms, identify and resolve discrepancies between trade records, cash flow, and positions, investigate and resolve trade discrepancies in a timely manner. Stay up to date with relevant regulatory requirements and ensure adherence to internal control polices, assist in accurately preparing, saving, and submitting regulatory required support documents and reports relating to derivatives transactions, support internal and external audits by providing necessary documentation and explanations. Monitor and assess operational risks associated with derivatives processing, identify, and report potential risk issues and implement appropriate controls, collaborate with risk management and production support teams to enhance operational processes, and mitigate risks. Identify opportunities for process automation and efficiency enhancements, participate in projects aimed at improving operational workflows and systems, provide feedback and suggestions for system enhancements or process improvements. Position Qualifications: High School Diploma or GED 3 years of financial services experience 1 year of Microsoft Office experience Work Best Category: Category B - 3-4 days in office on designated days/1-2 days remote Hours: 9:00am - 6:00pm Monday - Friday Salary: To Be Determined Based on Individual Experience About Comerica We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure. Upon offer, Comerica conducts a comprehensive background and fingerprint check. NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act. Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.