Trade Support Analyst IThe Delta One & Synthetic Prime Brokerage (SPB) Trade Support team provides essential operational risk management and control, preserving and enhancing the firm's assets and its reputation. The bank has a substantial Equities and Delta one trading presence in London, New York, and Asia. The position is as an Delta One & SPB Trade Support AVP. The selected candidate will report to the Team Supervisor. The team supports the execution of Equities/Swap 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 New York City, under a functional management located in New York.ResponsibilitiesWork with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issuesMonitoring of operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimumEnsure accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information lossManage real-time trade booking exceptions internally between the trading desk and sales forceAssist with project initiatives designed to improve and streamline existing processesMitigate risk by reconciling discrepancies between the trading desk's positions and the firm's books and recordsParticipate / assist in event processing and have a full understanding of the life cycle of a tradeCollaborate with technology teams on the implementation of process flow improvements and efficienciesContribute to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client ServicesLiaise with other Operation functions and other infrastructure groups to support a 'one team approach'Promote an efficient dialog/discussion with our internal and external partnersAdhere to deadlines and objectivesWhere appropriate, ability to maintain and explain own position using logic in the light of differing viewsMinimum Required QualificationsAttention to detail and accuracy is imperativeStrong academic background requiredAbility to work as part of a team in a "split team" organizationThe successful candidate will need to demonstrate a strong desire to learn the processes and productsStrong interpersonal and communication skills a mustFlexibility to adapt to a new and changing environmentStrong sense of risk and critical thinkingRigorous and very organizedMaintains high quality of customer serviceAbility to effectively listen and communicateDisplay good relationship qualities, team spirit, and ability to work across teamsPreferred QualificationsStrong qualification level in equity derivative markets. Financial market knowledge of derivatives products including TRS, ETFs, Equity Swaps, etc.Ability to multi-task and prioritize in a fast paced environmentStrong Excel/PC skills with proven ability to work with multiple systemsPrevious experience (1 yr+) in a Derivative Middle office environment or prior experience in working with Trading/ Sales in a financial institution