Credit Trade Support Analyst

Job ID - (phone number removed)

Job Role - Credit Trade Support Analyst

Duration - 16 months contract on

Pay - $44 p/hr on

Hybrid

Jersey City ,NJ

Job Description :

Business Overview:

The team supports the execution of credit based OTC instruments transacted by the Trading and Sales businesses with additional focus on risk management, reporting, client service, and strategic initiatives driven by technology, regulatory/industry requirements, and new business/products.

The role will encompass the tasks of 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. The individual will be responsible of monitoring and proactively resolving trade breaks on Trade Date, performing PV checks to ensure all economic details are in line, ensure all positions and P&L match between deal capture systems and settlement systems, resolve all issues raised by Front Office and Back Office, and address any ad-hoc requests. The Individual will join a split team organization with team members located in both Montreal and Jersey City, under a functional management located in Jersey City.

Responsibilities:

Work with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issues

Monitoring of operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimum

Ensure accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss

Manage real-time trade booking exceptions internally between the trading desk and sales force

Assist with project initiatives designed to improve and streamline existing processes

Mitigate risk by reconciling discrepancies between the trading desk s positions and the firm s books and records

Participate / assist in event processing and have a full understanding of the life cycle of a trade

Collaborate with technology teams on the implementation of process flow improvements and efficiencies

Contribute to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client Services

Liaise with other Operation functions and other infrastructure groups to support a one team approach

Promote an efficient dialog/discussion with our internal and external partners

Adhere to deadlines and objectives

Where appropriate, ability to maintain and explain own position using logic in the light of differing views

Minimum Required Qualifications:

Attention to detail and accuracy is imperative

Strong academic background required

Ability to work as part of a team in a split team organization

The successful candidate will need to demonstrate a strong desire to learn the processes and products

Strong interpersonal and communication skills a must

Flexibility to adapt to a new and changing environment

Strong sense of risk and critical thinking

Rigorous and very organized

Maintains high quality of customer service

Ability to effectively listen and communicate

Display good relationship qualities, team spirit, and ability to work across teams

Preferred Qualifications:

Strong knowledge of financial markets with emphasis on Credit and/or Rates Derivatives

Knowledge of regulatory rules for CFTC and EMIR in relation to OTC products

Ability to multi-task and prioritize in a fast paced environment

Strong Excel/PC skills with proven ability to work with multiple systems

Previous experience (1 yr+) in a Derivative Middle office environment or prior experience in working with Trading/ Sales in a financial institution

Client Registrations Required:

None