Finastra Summit (OTC) Consultant- Onsite (Local to Texas)

As a Finastra Summit (OTC) Consultant, your primary responsibilities will include managing and optimizing OTC derivatives workflows such as trade processing, settlements, and regulatory reporting. You will act as a subject matter expert, overseeing collateral management activities and ensuring compliance with industry regulations. You'll also conduct training sessions, create documentation, and provide technical support for the Finastra Summit platform.

To qualify for the Finastra Summit (OTC) Consultant position, candidates should possess at least a Bachelor's degree in Finance, Business Administration, Computer Science, or a related field, along with 13+ years of hands-on experience with the Finastra Summit OTC derivatives platform. Deep knowledge of OTC derivatives products, regulatory compliance, and proficiency in PL/SQL or T-SQL is also essential.

The Finastra Summit (OTC) Consultant plays a vital role in ensuring accurate and timely regulatory reporting. This involves collaborating with internal teams and external stakeholders, managing submissions through the DTCC Report Hub, and ensuring compliance with all applicable regulatory standards for OTC derivatives and collateral management.

Successful candidates for the Finastra Summit (OTC) Consultant role should have a strong technical skill set, including proficiency in PL/SQL for Oracle and T-SQL for MS SQL Server, knowledge of web development technologies like HTML and JavaScript, and experience with APIs and messaging protocols. Familiarity with data modeling and reporting tools such as Tableau or Power BI is also highly beneficial.

Collaboration is key in the Finastra Summit (OTC) Consultant role. You will work closely with cross-functional teams that include business analysts, developers, and project managers to deliver successful projects. You will also be responsible for communicating effectively with clients and regulatory bodies, making teamwork and collaboration pivotal to your success.

When answering this question, highlight specific projects where you utilized the Finastra Summit platform. Discuss your role, the features of the platform you worked with, and the outcomes achieved. Providing examples of trade processing and regulatory reporting will showcase your hands-on expertise.

Detail your understanding of the regulatory environment surrounding OTC derivatives. Emphasize your experience in managing compliance procedures, maintaining documentation, and collaborating with compliance teams. Mention any specific frameworks or regulations you've worked with.

Use this opportunity to provide a specific example from your past experience. Talk about the initial challenges, the steps you took to improve the workflow, and the measurable outcomes achieved. This shows analytical thinking and proactive problem-solving skills.

Discuss your systematic approach to troubleshooting, including how you gather data, analyze the issues, and implement solutions. Emphasize any tools or methods you use for issue tracking and resolution to show your technical competence.

Clearly outline your capabilities in programming languages like Java, C#, SQL, and web technologies. Provide examples of projects where you utilized these skills and how they contributed to project success.

Discuss your approach to crafting training materials and conducting training sessions. Provide examples of successful workshops you have led and feedback received from participants, which demonstrate your ability to convey complex information effectively.

Explain how communication is vital for collaboration with clients, teams, and regulatory bodies. Discuss specific instances where effective communication led to successful outcomes in your projects.

Detail your experience working within Agile frameworks such as Scrum or Kanban, highlighting how you adapted to changing project requirements and facilitated team collaboration. Sharing concrete outcomes from Agile projects will strengthen your response.

Describe the tools and methods you utilize for data analysis and how you ensure accurate reporting. Mention any specific projects where your data analysis led to key insights or process improvements.

Talk about the resources you utilize to stay updated on the latest regulations, including professional organizations, online courses, and newsletters. Highlight your commitment to continuous learning as a financial professional.