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Global Markets Trade Control Specialist

New York, New York

Job Description:

Job Description
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. 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.

The desired candidate should possess a working understanding of derivatives products.  These would include IR Swaps, Swaptions, CDS, CDS Index, Treasury Bonds etc, with focus on rates products. The candidate must have excellent MS Excel skills and must be an excellent written and verbal communicator. The role is fast-paced and often has simultaneous competing priorities and as such, the applicant must be able to properly prioritize their time and be comfortable in a fast-paced work environment. The role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, this role is an escalation point for the various Operations Teams, and external clients on transaction related issues.
The hybrid role will require Associate to have working knowledge of TRACE activities including Submission, Governance and control process. TRACE related activities would include the below

• Exception identification and liaising with particular LOB associate to understand the root cause.
• Review of pre-submission and post-submission control queues (Rejections and Unmatched) to ensure accuracy.
• Monitoring of all exception queues including follow-up of all issues in Unmatched TRACE Queue.
• Documentation of all issues including timeliness with root cause analysis in appropriate platform to be identified.
• Review of pre-submission and post-submission control queues (Rejections and Unmatched)
• Understand various idiosyncrasies and conventions of Structured Notes/Linear Rates products, Treasuries, FX and commodities and their related hedges in order to provide SME(Subject-Matter Expert)-level support.

Required Skills

•Solid understanding of basic financial concepts such as time value of money, interest rate, mark-to-market, and time series modeling.
•Excellent Excel reporting-related skills
•Detail-oriented to operation trade flow, data entry, and data reconciliation
•Ability to liaise across multiple functional teams to resolve issues
•Ability to operate autonomously without direct supervision
•Ability to quickly analyze and make decisions in the event of a problem
•Ability to quickly grasp new industry practices and create/document new processes
•Strong organizational skills and ability to effectively prioritize multiple tasks

Desired Qualifications:

•Macro/VBA Knowledge
•Knowledge of financial processing systems and accounting
•Understanding of the “Best Practices” and front-to-back product flow to manage Operational Risk
•Relevant industry product knowledge
•Proactive thought leadership to identify and deliver process improvements and efficiencies
•Knowledge of industry regulatory frameworks such as Volcker Reporting, DTCC Real-Time, TRACE Reporting. 


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: No

New York pay and benefits information

New York pay range:

$62,100 - $107,200 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.


This role is currently benefits eligible. We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Street Address

Primary Location:
1133 Ave Of The Americas, NY, New York, 10036