Credit Trade Support Analyst

Job ID - 14130524
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. 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
ssist 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
dhere to deadlines and objectives
Where appropriate, ability to maintain and explain own position using logic in the light of differing views
Minimum Required Qualifications: ttention to detail and accuracy is imperative
Strong academic background required
bility 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
bility 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
bility 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