This job is responsible for providing operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business through the lifecycle of a trade. Key responsibilities include handling trading and operational activities before deadlines, maintaining internal systems and providing operational support to internal partners. Job expectations include maintaining a high degree of accuracy with customers and data to ensure compliance with regulations and policies.
Responsibilities:
- Performs set-up and maintenance of core data across client, account, instrument, and agreement data, and oversees data quality within key data platforms
- Ensures transactions are completed in an accurate and timely manner
- Provides operational support for one or more activities within the lifecycle of a trade, including trade processing, trade settlement, accounting and reconciliation, lifecycle events, and collateral management
- Conducts daily monitoring of client trading activity across multiple markets, servicing clients' needs
- Completes accurate, timely clearing and settlement of trades with internal and external counterparties, including reconciliation management and governance of trade fails and breaks
- Performs tasks accurately during high volume periods in a team environment
- Identifies and flags potential risks in a timely manner
- • Work in a fast-paced environment with direct communications to CFD Trading Des
- • Monitor transaction flow in various trade capture systems
- • Apply independent judgment and discretion when resolving trade discrepancies to ensure that the correct risk is always reflected in Front-Office Trading systems and Back Office Risk Systems
- • Based on product, system and subject-matter knowledge, identify and resolve risk issues in the trade capture systems, eg. Booking errors leading to fee discrepancies.
- • Primary point of contact for the Front Office, Operations, and Finance on topics relating to trade capture.
- • Understand various idiosyncrasies and conventions of Structured Notes and their related hedges in order to provide SME(Subject-Matter Expertise) support.
- • Ensure internal risk positions are appropriately reflected to mitigate any risk to the firm’s capital
- • Ensure initial trade bookings, trade amendments, allocations and novations occur in a timely manner to meet Transaction Reporting requirements
- • Ensure trade bookings are compliant within existing regulatory frameworks such as Volcker CFTR, UMR, etc..
- • Responsible for global connectivity and communication with counterparts across various Line-of-Business to ensure consistency and alignment to target Control Standards within Trade Control
- • Resolution and escalation of matched and unmatched trades for our business partners across our five asset classes (Equities, CIRO, CFXO, Commodities, & Credit)
- • Timely response to business partner queries regarding the settlement or booking of trades
- • Breaks/Fails Reporting
- • Liaising with other internal departments to ensure timely resolution of Client fails
Required Skills:
• 3-4 years of experience in Middle Office OR Trade Control OR Trading Assistant OR Fixed Income Operation
• Excellent Excel reporting-related skills
• Detail-oriented to operation trade flow, data entry, and data reconciliation
• Ability to liaise across multiple functional teams to resolve issues
• Ability to operate autonomously without direct supervision
• Ability to quickly analyze and make decisions in the event of a problem
• Ability to quickly grasp new industry practices and create/document new processes
• Strong organizational skills and ability to effectively prioritize multiple tasks
Skills:
- Collaboration
- Customer and Client Focus
- Oral Communications
- Prioritization
- Active Listening
- Adaptability
- Business Acumen
- Client Management
- Data Collection and Entry
1st shift (United States of America)