Credit Middle Office Trade Support

1 month ago


New York, New York, United States Alliance Sourcing Network Full time
Middle Office Sales Support team is responsible on supporting the Front Office Sales in the business of dealing FX.

You will take charge the control and support functions of the operations initiated by the New York Front Office Sales, from the negotiation, recording and processing of the transactions.

Your role will be to facilitate and smooth the processing of the operations by ensuring an effective and relevant control process of operations.

You will be in constant relation with other group entities both internal (Front Office trading, Middle Office, Back Office, Compliance, IT, Product Control, Project Management) and external (clients, brokers etc.)


.

You will develop various skills such as knowledge of financial products, knowledge of the financial market environment through best business practices.

The position is based in the New York dealing room.
You will report locally to the New York Head Middle Office Sales Support.
Primary

Responsibilities:


The main responsibility is to control and guarantee the accuracy and timeliness of the Sales capture, amendment and life cycle events in FO systems.

The MO Sales Support Analyst is specifically responsible for carrying / monitoring the below tasks:
Allocating and validating trades in Omega Post-Trade allocations Coordinating allocation exception management when appropriate Checking Omega and all trading platforms) for any outstanding trades that need validation Monitoring Trades pre-confirmation, check trade details as clients' confirmations and details of account splits are received via e-mail or Bloomberg.
Catch any potential errors in the trade details Assisting resolution of BO queries sent to Sales Investigating and managing resolution of breaks and failed trades sent by BO and MO teams Ensuring the exhaustiveness of the daily capture in Omega by reconciling Omega with internal and external systems Client Services:

  • Client liaison and voice confirmations
  • Post trade follow-up (send client the sales recap per the client requestverification that confirmations were sent to golden clients)
  • Work with other NY MO individuals, and liaising with MOs globally
  • Monitoring On boarding process (initiated and managed by salespeople)
  • Identifying funds to be onboarded and assisting completion of sub-account forms for allocations
  • Monitoring correct creation of funds within internal systemsSecondary responsibilities Ensure the controls and procedures are developed to support the business and reduce operational risk Service Quality and Processes improvement:
  • Propose and formalize any improvements on controls and procedures
  • Develop efficiency initiatives Compliance and Governance
  • Ensure compliance with client CMO and New York governance and organization directives
  • Promote operational controls and segregation of duties Control and awareness Credit Middle Office Trade Support Recommended Skills Business Ethics Capital Markets Customer Service Finance Front Office Governance Apply to this job.
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Estimated Salary:
$20 to $28 per hour based on qualifications.

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