girl looking into her desktop
Back to search results

Municipal Banking and Markets -Middle Office Trade Control / Trading Assistant – New York

New York, New York

Job Description:

FDCO Overview


The below FDCO description should be prefixed in all job descriptions:

The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses.

Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

Job Description

Team:  Municipal Banking and Markets Trade Support
Job Title: Senior Middle Office Trade Control Analyst – AMRS (MNGR)
Location: New York

Enterprise Role Overview:
The Municipal Banking and Markets Trade Support team offers support services to several business segments including Bond Syndication, Market Making across all Muni bond types, as well as Capital Markets including structured Productions and Derivatives.  This role will primarily focus on leading and Managing the support services related to the derivative products traded, including managing associates and performing performance reviews.  In addition, to ensure broader coverage and stability, associate to learn and train on how to support other products and processes performed across the entire Muni Trade support team.  A strong knowledge of the products and business processes is required to ensure proper leadership presence.   These include Municipal Market specific market data curves, and structured products.  Responsible for performing existing Trade Support processes as well as drive trade capture projects and coordinate implementation across multiple platforms and groups and products.

Existing process include;  Trade booking, trade validation and ongoing trade maintenance and reporting. Requires product knowledge, knowledge of financial instruments accounting relevant to the area supported. Delivers support for new products and initiatives, provides analysis and KPI/MIS reporting. College degree (Bachelors or higher). Required skills include: expert Excel knowledge, financial products knowledge, ability to analyze, reconcile, and interpret large amounts of data, detail orientation, ability to manage multiple priorities and multi task, excellent time management and prioritization skills, with ability to meet tight deadlines, the ability and willingness to continuously learn on the job, technical fluency, with ability to learn new systems quickly, the ability to problem-solve and take ownership of process improvements, the ability to work in a team environment, the ability to adapt to and take ownership of change and excellent verbal and written communication skills with ability to communicate with various stakeholders. Desired skills & knowledge include: experience using Bloomberg, accounting knowledge, economics, business, mathematics, finance, accounting, or similar major. Desired experience includes Internship experience, have 3 to 4 years of experience in the Financial Services industry, experience in working with financial reports, and the ability to effectively manage difficult internal and external client situations.
 

Responsibilities

• Supporting various interest rate derivative products and trade types and performing daily reconciliations to ensure that the team operates in a safe and controlled environment in order to minimize operational risk.
• Support the
• Responsible for Trade Capture, Trade validation and Trade Event Lifecycle management and reporting
• Upload market data daily and ensure correct P&L and Risk calculation.
• Deliver support for new products and initiatives, define requirements for Trade support and be able to influence peers and business partners.
• Calculate New Business P&L on all Interest Rate products traded each day (new trades, cancellations, economic and non- economic edits, allocations etc.) and compare/reconcile to valuations provided by the trading desk.
• Being a natural first point of contact for the Front Office, P&L team, other Business partners and the Bank’s customers.
• Candidate must be able to drive trade capture projects and coordinate implementation across multiple platforms and groups.

Required skills:
• Knowledge of Interest Rate Derivatives, including Interest Rate Swaps, Options, Structured Products, Total Return Swaps.  Knowledge of Trade capture would be beneficial.
• Bachelor’s degree, preferably with an Accounting, Finance or Economics major. Masters Degree a plus.
• Must be a highly motivated team player who can be flexible in his/her approach and able/willing to question existing procedures and processes in order to improve them.
• Good written/verbal communication skills.
• Must demonstrate a “can-do” attitude necessary to create good relationships with traders, management, other business partners and the Bank’s customers.


Desired Skills:
• Minimum of 5 years of applicable experience (e.g. Operations, Middle Office, Derivatives).
• Strong Excel skills. VBA and/or SQL skills a plus.
• Must be able to fully understand the impact of current and future IT developments on existing Trade Support processes and play a role in their implementation.
• Is able to see the big picture, to identify non-optimal processes, to propose solutions and to implement them within timelines and cost constraints.
• Ensures effective planning and execution of client deliverables on a timely basis.

Other Qualification
∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change.
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world                               

∙Is willing to raise their hand if they see an issue and carry the issue through to resolution

• Associate will also perform trade analytics to resolve trade queries and measure and control day-to-day operating environment.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

FDCO Overview


The below FDCO description should be prefixed in all job descriptions:

The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses.

Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

Job Description

Team:  Municipal Banking and Markets Trade Support
Job Title: Senior Middle Office Trade Control Analyst – AMRS (MNGR)
Location: New York

Enterprise Role Overview:
The Municipal Banking and Markets Trade Support team offers support services to several business segments including Bond Syndication, Market Making across all Muni bond types, as well as Capital Markets including structured Productions and Derivatives.  This role will primarily focus on leading and Managing the support services related to the derivative products traded, including managing associates and performing performance reviews.  In addition, to ensure broader coverage and stability, associate to learn and train on how to support other products and processes performed across the entire Muni Trade support team.  A strong knowledge of the products and business processes is required to ensure proper leadership presence.   These include Municipal Market specific market data curves, and structured products.  Responsible for performing existing Trade Support processes as well as drive trade capture projects and coordinate implementation across multiple platforms and groups and products.

Existing process include;  Trade booking, trade validation and ongoing trade maintenance and reporting. Requires product knowledge, knowledge of financial instruments accounting relevant to the area supported. Delivers support for new products and initiatives, provides analysis and KPI/MIS reporting. College degree (Bachelors or higher). Required skills include: expert Excel knowledge, financial products knowledge, ability to analyze, reconcile, and interpret large amounts of data, detail orientation, ability to manage multiple priorities and multi task, excellent time management and prioritization skills, with ability to meet tight deadlines, the ability and willingness to continuously learn on the job, technical fluency, with ability to learn new systems quickly, the ability to problem-solve and take ownership of process improvements, the ability to work in a team environment, the ability to adapt to and take ownership of change and excellent verbal and written communication skills with ability to communicate with various stakeholders. Desired skills & knowledge include: experience using Bloomberg, accounting knowledge, economics, business, mathematics, finance, accounting, or similar major. Desired experience includes Internship experience, have 3 to 4 years of experience in the Financial Services industry, experience in working with financial reports, and the ability to effectively manage difficult internal and external client situations.
 

Responsibilities

• Supporting various interest rate derivative products and trade types and performing daily reconciliations to ensure that the team operates in a safe and controlled environment in order to minimize operational risk.
• Support the
• Responsible for Trade Capture, Trade validation and Trade Event Lifecycle management and reporting
• Upload market data daily and ensure correct P&L and Risk calculation.
• Deliver support for new products and initiatives, define requirements for Trade support and be able to influence peers and business partners.
• Calculate New Business P&L on all Interest Rate products traded each day (new trades, cancellations, economic and non- economic edits, allocations etc.) and compare/reconcile to valuations provided by the trading desk.
• Being a natural first point of contact for the Front Office, P&L team, other Business partners and the Bank’s customers.
• Candidate must be able to drive trade capture projects and coordinate implementation across multiple platforms and groups.

Required skills:
• Knowledge of Interest Rate Derivatives, including Interest Rate Swaps, Options, Structured Products, Total Return Swaps.  Knowledge of Trade capture would be beneficial.
• Bachelor’s degree, preferably with an Accounting, Finance or Economics major. Masters Degree a plus.
• Must be a highly motivated team player who can be flexible in his/her approach and able/willing to question existing procedures and processes in order to improve them.
• Good written/verbal communication skills.
• Must demonstrate a “can-do” attitude necessary to create good relationships with traders, management, other business partners and the Bank’s customers.


Desired Skills:
• Minimum of 5 years of applicable experience (e.g. Operations, Middle Office, Derivatives).
• Strong Excel skills. VBA and/or SQL skills a plus.
• Must be able to fully understand the impact of current and future IT developments on existing Trade Support processes and play a role in their implementation.
• Is able to see the big picture, to identify non-optimal processes, to propose solutions and to implement them within timelines and cost constraints.
• Ensures effective planning and execution of client deliverables on a timely basis.

Other Qualification
∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
∙ Excels in working among diverse viewpoints to determine the best path forward
∙ Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
∙ Commitment to challenging the status quo and promoting positive change.
∙ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
∙ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world                               

∙Is willing to raise their hand if they see an issue and carry the issue through to resolution

• Associate will also perform trade analytics to resolve trade queries and measure and control day-to-day operating environment.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21083265

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Autumn Barlow Huitt

Referral Bonus:

0

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036