Deloitte US

We are seeking a Banking Operations Contractor to support the project team with day-to-day banking operations, with a focus on margin and collateral processes, middle office, settlement, and change delivery support. The role requires strong operational discipline, analytical skills, and experience working in a controlled banking environment. The ideal candidate will help ensure processes are executed accurately, efficiently, and in alignment with internal policies, regulatory requirements, and control standards.

Key Responsibilities

• Execute day-to-day margin and collateral operations, including margin calculation, reconciliation, and collateral movements, in accordance with defined procedures and controls.
• Validate outputs in core margin platforms to ensure completeness and accuracy of margin calls.
• Investigate breaks, exceptions, and variances, and escalate issues when thresholds or tolerances are exceeded.
• Support dispute management through timely analysis, counterparty coordination, and clear documentation of outcomes.
• Maintain control execution standards by evidencing key controls and supporting audit and assurance reviews.
• Contribute to process improvement efforts by identifying inefficiencies, control gaps, and recurring issues, and recommending practical enhancements.
• Support change initiatives through user acceptance testing (UAT), data validation, and process documentation.
• Produce accurate and timely management information (MI), highlighting key risks, exceptions, and operational trends.
• Collaborate with stakeholders across Business, Risk, Technology, and Ops Risk to resolve issues and support service delivery.
• Provide input on banking operations strategies, process optimization, and automation opportunities.
• Assist with training and guidance on operational best practices and procedures as needed.

Required Qualifications

• 5+ years of experience in collateral management, margin processing, middle office, settlement, or post-trade operations within a banking environment.
• Strong understanding of margin methodologies, collateral flows, and associated operational risks.
• Experience working in change management, business analysis, or project management within a Markets Operations setting.
• Ability to interpret and apply procedures, controls, and escalation protocols consistently.
• Strong analytical and problem-solving skills, with the ability to investigate breaks and reconcile data across multiple systems.
• Proficiency with large datasets and tools such as Excel or similar analytical applications.
• Strong communication skills and the ability to clearly explain issues, outcomes, and recommendations.
• Awareness of control frameworks and the importance of accurate execution, documentation, and evidence preparation.
• Ability to work in a fast-paced, controlled, and time-sensitive environment with competing priorities.

Preferred Qualifications

• Experience with core margin platforms.
• Familiarity with audit interaction, assurance reviews, and evidence preparation.
• Exposure to automation, data tooling, or process improvement initiatives.
• Awareness of emerging data and AI-enabled tools that support operational efficiency.