OMS Consultant with Aladdin exp.::NYC, NY

Role: OMS Consultant with Aladdin exp.

Location: NYC, NY Hybrid or Remote also fine

Rate: Open

Roles and Responsibilities:

• Client is consolidating their Order Management Systems to a single third-party platform. Roughly ~9000 rules are being migrated over.
• Requesting support to assist with coding review, testing, rule corrections, etc., as well as ensure all compliance requirements continue to be met.
• Consultants will provide advisory and rule testing capabilities to support the OMS consolidation project.
• Consultant should have experience with Aladdin and rule/macro/token testing abilities.

Activities Include:

Planning and Data Model Design:

• Document Project Plan, Coding Approach and Schedule, Rule test plan and Schedule
• Agree an implementation workflow and workflow management tools
• Design a three or four tier asset classification schema based on standard industry definitions, and Client specific asset class definitions.
• Conduct workshops with compliance and risk (and other relevant parties where required) to agree asset class definitions and data model structure.
• Collate and organize contractual and regulatory rules to be implemented into a master rule library (e.g. SharePoint list)
• Categorize rules into functionality categories, e.g. credit rating, currency exposure, duration etc.

Rules and Macro Coding:

• Code compliance Macro BQL, as per agreed asset type/class definitions and security classification structure
• Agree rule coding standards for each contractual rule category. (e.g. the definition of a country)
• Code compliance rule BQL based on rule-type categories to generate efficiencies and consistency
• Build and document Client Aladdin Macro and Token Libraries
• Identify any custom rule types and/or calculations and liaise with BRS development team to agree compliance Token development for those requirements.
• Set up a large Client portfolio group covering asset types required compliance macros
• Run assets against the macros to ensure correct asset capture by each macro
• Document Macro Test results

Rule, Macro and Token Testing:

• Testing rules based on rule-type categories to achieve efficiency
• Testing rules according to standardized test procedures
• Measuring and comparing test results against real portfolio holdings on a post-trade basis
• Conducting standardized pre-trade test scenarios to ensure functionality
• Documenting Testing Results, into standard test result templates
• Standardized review of all rules coded and tested across categories defined
• Review of all results and outputs from Rule Testing phase
• Investigate and analyze Aladdin compliance violations. Reconcile violations against the equivalent violations in Sentinel.

Bed down production tasks and processes and conduct training.