Data Operations Analyst, Derivatives Operations

Job Title: Data Operations Analyst, Derivatives Operations

Location: Brooklyn, NY and Newark, DE

Duration: Contract - 4 months

Pay Range: $37/hr-$40/hr (W2)

Job ID: 407743

About BCforward

BCforward is a leading global IT consulting and workforce solutions firm providing services and support to Fortune 500 and government clients. Founded in 1998, BCforward has grown with our customers needs into a full-service business solutions provider. With delivery centers and offices across North America and India, we take pride in building long-term relationships and delivering excellence through innovation, collaboration, and integrity.

Job Description

We are seeking a Data Operations Analyst, Derivatives Operations to join our team. The ideal candidate will have strong experience in banking and operations within fast-paced financial services and a proven ability to authenticate settlement instructions, maintain client reference data, and resolve exceptions to mitigate risk.

Responsibilities:

• Authenticate settlement instructions through external callback verification to ensure accuracy and control.
• Create, update, review, and approve Standard Settlement Instructions (SSIs) per procedures and governance.
• Maintain complete and current client reference data across systems.
• Identify, investigate, and escalate potential payment risks or errors to protect clients and the firm.
• Provide responsive support to internal partners and clients while adhering to funds transfer policies and regulations.
• Monitor workflows and controls, resolve breaks and exceptions efficiently.
• Collaborate with Operations teams to research inquiries and resolve escalations promptly.
• Apply knowledge of financial markets and the securities industry to support accurate settlements.
• Demonstrate ownership and accountability for end-to-end outcomes.
• Use sound judgment and analytical skills to manage moderately complex scenarios and recommend solutions.
• Uphold integrity, accuracy, compliance, and ethical conduct in settlement and payment processing.

Required Skills & Qualifications:

• Bachelor's degree in Finance, Banking, or a related field.
• Banking or finance operations experience with ability to learn quickly.
• In-depth understanding of financial markets and Principal Collateral business.
• Strong client focus and customer care practices; excellent written and verbal communication.
• Time management, organization, and prioritization skills with ability to meet tight deadlines.
• High level of ownership, accountability, and attention to detail with strong analytical skills.
• Ability to function in a fast-paced environment

Preferred Skills:

• Knowledge of SWIFT MT standards, including MT103 and MT202.
• Experience supporting Corporate & Investment Bank Operations functions.

Additional Details:

• Work locations: One opening in NYC and one opening in Newark, DE.
• Interview process: In-person preferred; if virtual, typically two rounds; otherwise usually one round.
• Role not eligible for employer-sponsored immigration support.

Why BCforward?

At BCforward, we believe in advancing lives and careers. When you join our team, you gain access to:

• Competitive compensation and benefits.
• Opportunities for growth with global clients.
• A supportive, inclusive culture that values innovation and people.
• Exposure to cutting-edge technologies and projects.

About Our Commitment

BCforward is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Interested? Apply Now!

If this sounds like the right opportunity for you, please apply with your most recent resume.