FINANCIAL SERVICES RECRUITMENT

LONDON | NEW YORK

JOB SUMMARY

Senior Trade Support Analyst

Wanted: a self-motivated individual who will bring energy and enthusiasm to a front office support role at a leading financial markets and commodities bank.

JOB TEXT

Job Purpose
To provide support to front office desks and ensuring that all trades are efficiently and accurately booked on Trade Date. The role requires the performance of a series of control checks on T and T+1 and liaison with other FICE Operations functions (e.g. confirmations, settlements) in resolving discrepancies / queries with trade bookings. In addition, there is a significant client facing element to the role in relation to trade allocations, the provision of statements and query resolution.

The candidate must have high levels of attention to detail, be results-focused and be capable of delivering in a high-pressured environment. The role will require a self-motivated individual who will bring energy and enthusiasm to the function and be capable of quickly developing a strong partnership with front office. A keen awareness of Operational Risk and the need for escalation is critical to the incumbent's success in the role.

Key Responsibilities
 Act as Trade Support for a wide array of products including Fixed Income, Equities, FX, Money Markets, Credit Derivatives and Interest Rate Derivatives.
 Review and validate all non-STP trading activity originating from front office on Trade Date by validating trade blotters against system bookings
 Ensure all block client trades are allocated on Trade Date through regular client contact.
 Ensure all trades in MarkitWire have been fully processed and are captured accurately in the risk systems
 Ensure all Credit Default Swap novations have been uploaded and matched successfully on trade date in the DTCC and ICE platforms
 Monitor trades as they pass through the workflow in various front office systems and ensure they are quickly moved to back-office queues to enable timely processing of downstream operational functions (trade instruction, confirmation, matching, cash management and settlement)
 Respond quickly to front office requirements for trade amendments / updates by moving trades back through the workflows to front office edit status and monitor timely resolution of completed updates / amendments
 Perform / validate Market Operations (option expiries, rate fixings, terminations, assignments etc.)
 Monitor exceptions on inter-system automated trade feeds and ensure that all exceptions are identified and resolved on Trade Date
 Perform internal trade reconciliations on Trade Date + 1 to identify missing and incorrectly booked internal trades. Work with front office to resolve booking problems in a timely manner and escalate where required
 Ensure that all cash account exceptions assigned to Trade Support are investigated and resolved in a timely manner
 Provide support to the wider Operations team by liaising with front office to undertake corrective action required to resolve exceptions/ breaks captured on downstream operational control points
 Record completion of all intra- and end-of days checks via on-line check lists
 Contribute to the review and feasibility assessment of proposed new products and support manager by ensuring that all necessary processes and procedures are implemented within Trade Support to facilitate trading of these
 Ensure that Regulatory obligations are met such as Transaction Reporting, Audit requests and exception management
 Be responsible for the preparation and maintenance of working instructions (procedures)
 Perform analysis and investigation in respect of historic issues / exceptions as required
 Provide support to "Change the Bank" teams by participating in the development of business requirements, test scenarios and execution of (user) testing schedules
 Ensure that the appropriate controls exist in support of the change environment
 Ensure that Risk items are escalated appropriately to ensure that the business operates in a controlled manner and that all key risk issues are raised to management and key business stakeholders
 Ensure strong partnership with peers across the Global Trade Support Team
 Constantly review the control framework to ensure that changes to the business operating model and the products traded are appropriately risk-managed
 Take responsibility and proactively manage personal development and training
 Ensure that our clients receive the most efficient and productive service in our duties relating to the distribution of periodic position valuation statements and client trade allocations

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  • Negotiable GBP
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 2018-09-14
London, England, United Kingdom London England GB