Associate – Program Compliance and Middle Office

Job Description:

Guggenheim Treasury Services (GTS), a structured financing business within Guggenheim Partners, is seeking an exceptional operations and risk focused individual to join its Program Compliance team as an Associate. The Program Compliance team is a highly collaborative middle office group that oversees and manages key aspects of the GTS business. This person initially will be involved in all aspects of the OTC derivatives collateral process, including margin requirement calculations, margin call issuance and response, portfolio reconciliation, trade acknowledgements, trade reporting, and internal reporting. Ultimately, individual will be exposed to all group functions.

The ideal candidate will have strong analytical skills, will be detail oriented, and will demonstrate an ability to perform in a fast-paced, dynamic environment. The successful candidate will also have experience with fixed income markets and/or derivative markets and a desire to learn more about how our business works. Additionally, the ideal candidate will demonstrate an ability to effectively communicate in a timely manner with peers, heads of related groups in the GTS business and external clients.

The Associate – Program Compliance and Middle Office role presents an opportunity for entry and growth within one of the initial business lines (Institutional Finance) of Guggenheim Partners, LLC. This well established and highly recognized manager of ABCP programs has been part of Guggenheim Partners, LLC since its inception in 2000.

This position will report on-site in our Chicago office a minimum of 3-4 days per week.

• Calculate variation margin and initial margin amounts
• Monitor collateral balances and movements to make collateral deadlines throughout the day, issuing collateral calls via the designated collateral management system.
• Verify collateral has been posted and collected
• Research and investigate discrepancies between internal and independent prices above an approved threshold / tolerance
• Review and respond to any incoming margin calls
• Review, validate, and approve wires and collateral movements
• Perform portfolio reconciliation, research and resolve discrepancies, notify internal and external parties
• Send trade acknowledgement follow-up emails for trade verification purposes
• Review trade acknowledgements, check trades, and raise any discrepancies internally and notify counterparty
• Review trade reporting data for accuracy and completeness

• Strong analytical skills, including ability to review and create detailed reporting from databases and other sources
• Excellent written and oral communication skills with peers, superiors and external parties.  Responsive to client needs.
• Organized, detail oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative
• Familiarity with efficiency tools, such as Python and SQL.
• Ability to adapt quickly and appropriately in accordance with the constant evolution of the company and industry
• Must be able to multi-task in a fast-paced environment
• Experience with TriOptima/TriResolve/TriResolve margin, BNY AccessEdge, or related collateral management systems
• Curiosity; the desire to improve assigned tasks, through efficiency and accuracy, and the desire to learn more about the businesses the group supports

• Completed bachelor’s degree with a minimum of 2 to 5 years’ experience in financial services, specifically fixed income and derivatives markets.
• Strong excel skills required, including the ability to complete ad hoc analysis integrating data from multiple sources as well as using these skills for process improvement and automation projects.

• Currently, this role is expected to be in the office at least 3 to 4 days per week, in our Chicago office.

• Annual base salary between $60,000 and $90,000.

The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.

About Us:
Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients.
Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs."