Immediate need for a talented Trade Support Analyst III. This is a 06+ months contract opportunity with long-term potential and is located in New York, NY (Hybrid). Please review the job description below and contact me ASAP if you are interested.
Job Diva ID: 25-95691
Pay Range: $60 - $68/hr. Employee benefits include, but are not limited to, health insurance (medical, dental, vision), 401(k) plan, and paid sick leave (depending on work location).
Key Responsibilities:
- Risk/Position Monitoring and Trade Execution
- Understanding of how to monitor trading positions and risks for accuracy throughout the day.
- Coordinate lifecycle events with designated Sales/Trading Desks to ensure deals are properly reflected in Risk.
- Contribute daily P&L estimates, produce risk explain, and investigate discrepancies with Official P&L produced by Middle Office.
- Analytical and Operational Support to PCM Trading Desks
- Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank’s risk/position is updated real-time and applicable regulatory obligations (Dodd Franck, EMIR, FINRA, etc.) are met.
- Resolve all internal queries from the Trading desk or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.
- Strong understanding of Post Trade Processes (Corp Actions, Succession Events, and Option Expiries) to be able to fully support/execute each request without supervision.
- Maintain proper documentation of the Front Office operational processes.
- Follow-up with relevant departments to ensure all aspects related to post-trade processing (incl. trade confirmations, Risk/P&L, clearing/settlements) are successfully handled vis-à-vis of the clients. Ensure outstanding issues are properly raised to sales/trading and monitored until resolved.
- Resolve internal queries from the Trading desk or various Partner Functions
- Process & Client Services Improvements
- Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.
- In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.
- Improve PCM IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.
Key Requirements and Technology Experience:
- Key skills; Front-Office Credit Trading Support Expertise
- Risk, P&L Ownership & Break Resolution
- End-to-End Trade Lifecycle & Post-Trade Mastery
- Regulatory-Aware Trading Operations - Dodd-Frank, EMIR, FINRA
- Bachelor’s degree or foreign education equivalent in Finance, Economics, or Mathematics.
- Minimum of two years of experience in a Front or Middle Office Trade Support role within Global Markets.
- Experience and knowledge to cover clients and execute/price deals with clients.
- Experience in developing and growing revenues with small client accounts.
- Demonstrated knowledge in US PCM Markets and its industry infrastructure.
- Very strong expertise in trade booking, validation, market lifecycle events, settlement and confirmation process for PCM products; including Corporate Bonds, CDS, Index, and Structured Trades.
- Working understanding of the applicable regulations (EMIR, Dodd Frank, FINRA, FATCA…).
- Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes.
- Good knowledge of system architecture (front to back workflow, pricers and risk management systems) for PCM products.
- Demonstrated commercial and collaborative attitude.
- Excellent communication skills (both written and verbal), including in client communication.
- Analytical mindset and problem solving.
- Very strong multi-tasking capability.
- Attention to detail.
- Ability to work well under pressure.
- FINRA Registrations Required: Series 7 and 63
Our client is a leading Financial Industry, and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration
Pyramid Consulting, Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, colour, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
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