Fixed Income Trade Control Analyst

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Job Summary:

Team: Global Credit Products Trade Control
Operations plays a vital role in the firm's ability to innovate and deliver the solutions our clients need. We partner with the firm's trading, sales & asset management businesses in order to enter new markets, launch new products and actively manage the large volume of transactions the firm executes on a daily basis. From the most basic security to the most complex structured derivative, Operations is integrally involved in supporting the trading of these products.

Operations is responsible for 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. Operations is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business.

Within Operations, the Trade Control function offers operational support and expertise to the Sales and Trading Desks, such as Credit, Rates, Mortgages and Equity. Trade Control is a team of specialists primarily responsible for the implementation of industry initiatives, exception management, trade reconciliation, clearing and etrading management. Trade Controls internal business partners include Front Office, Technology, Strategists, Controllers, Credit Risk, and other Operations teams. Some functions within Trade Control are also externally facing in respect to managing client queries and novations. Line of business counterparts include institutional clients and broker dealers. Regulatory reform and clearing have a direct impact to the daily support functions and specifically Trade Control members will be exposed to industry led initiatives as they unfold. The role does not require specific product knowledge; however it is considered an advantage. The individual requires excellent interpersonal skills and the ability to work well within a team and in a fast-paced environment. The qualified candidate will look to succeed in industrialization efforts in order to enhance our processes and strategize our workflows.

This specific role will be focused on the Trade Control functions supporting the Global Credit Trading Desk with a focus on Credit Derivative products including Single Name CDS, CD Index, CD Tranche and CD Index Options. This role will support daily trade capture, lifecycle event management, regulatory initiatives, clearing and compression workflows across products.

Responsibilities:

Work closely with the Trading Desk to support the business and perform Trade Control Responsibilities such as

• Trade Validation Timely and accurate management of trade capture process to ensure all trades are booked according to terms of underlying agreement in both Front-Office and down-stream applications
• Provide support to assigned trading desks Support the Trading desk across all Trade Control related functions in a timely and accurate manner
• Ongoing Trade maintenance Manage trade lifecycle events & perform trade amendments as required
• Investigate and resolve breaks Work closely with Front and Back Office to resolve breaks (e.g. Cash, Collateral, Valuations, Documentation etc)
• Production of daily reports Distribute Daily reports to the Trading desk, business partners and Senior Management (requiring a high level of attention to detail)
• Resolve Risk and P&L issues - Work closely with Front Office, Risk and Finance to resolve issues in a timely manner
• Resolving client issues Working with Sales and Client Management teams to ensure that client issues are addressed and resolved.
• Credit Default Event - Manage and Process Credit Events working with Front office, Technology and P&L to execute successfully.
• Resolve queries Investigate any issues raised to the team, liaising with Front Office, Back Office and/or the client as necessary.
• Build and maintain relationships across senior business leads and support partners
• Involvement in ad hoc projects for new processes or industry initiatives

Required Qualifications:

• Proficient in MS Office specifically Excel
• At least 1 year of line work experience
• Excellent ability to work in a team and with a wide user group across multiple functions
• Good attention to detail and drive to ensure necessary work is completed to a high standard
• Ability to work in a high-pressure environment
• Strong interpersonal and communication (verbal & written) skills
• Ability to work diligently, independently and prioritize multiple demands

Desired Qualifications:

• Experience in working with fixed income derivatives and securities working knowledge of bonds/CDS is an advantage
• Understanding of the regulatory environment, legal entity strategy and the importance of robust internal controls
• Inquisitive and possesses strong analytical & problem-solving skills
• Partner with team, business and technology partners to embrace change and accomplish goals
• Strong knowledge of general business and corporate cultures
• University degree educated preferable but not essential

Shift:

Hours Per Week: