Job Purpose:
The position is as an EQD Flow, Delta One & SPB Trade Support Analyst. The selected candidate will report to the Team Supervisor. The team supports the execution of Equities/Swap based OTC instruments transacted by the Trading and Sales businesses with additional focus on risk management, reporting, client service, and strategic initiatives driven by technology, regulatory/industry requirements, and new business/products.
- The role will encompass the tasks of ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business
- A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected
- The individual will be responsible of monitoring and proactively resolving trade breaks on Trade Date, performing PV checks to ensure all economic details are in line, ensure all positions and P&L match between deal capture systems and settlement systems, resolve all issues raised by Front Office and Back Office, and address any ad-hoc requests
- The Individual will join a “split team” organization with team members located in both Montreal and NewYork City, under a functional management located in New York
Your Responsibilities:
- Work with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issues
- Monitoring of operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimum
- Ensure accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss
- Manage real-time trade booking exceptions internally between the trading desk and sales force
- Assist with project initiatives designed to improve and streamline existing processes
- Mitigate risk by reconciling discrepancies between the trading desk’s positions and the firm’s books and records
- Participate / assist in event processing and have a full understanding of the life cycle of a trade
- Collaborate with technology teams on the implementation of process flow improvements and efficiencies
- Contribute to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client Services
- Liaise with other Operation functions and other infrastructure groups to support a ‘one team approach
- Promote an efficient dialog/discussion with our internal and external partners
- Adhere to deadlines and objectives
- Where appropriate, ability to maintain and explain own position using logic in the light of differing views
Skills and Qualifications:
- Previous experience (2 yr. +) in a Derivative Middle office environment or prior experience in working with Trading/ Sales in a financial institution
- Attention to detail and accuracy is imperative
- Bachelors Degree Required
- Strong interpersonal and communication skills
- Ability to work as part of a team in a “split team” organization
- The successful candidate will need to demonstrate a strong desire to learn the processes and products
- Strong interpersonal and communication skills a must
- Flexibility to adapt to a new and changing environment
- Strong sense of risk and critical thinking
- Rigorous and very organized
- Maintains high quality of customer service
- Ability to effectively listen and communicate
- Display good relationship qualities, team spirit, and ability to work across teams
- Strong qualification level in equity derivative markets. Financial market knowledge of derivatives products including TRS, ETFs, Equity Swaps, Variance products etc.
- Ability to multi-task and prioritize in a fast paced environment
- Strong Excel/PC skills with proven ability to work with multiple systems.
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