Credit Trading Operations Analyst

2 weeks ago


Jersey City, New Jersey, United States WorldSmart Full time
Position Overview
As a key member of the Credit Trading Operations team, you will play a vital role in managing operational risks and controls, thereby safeguarding the integrity and reputation of WorldSmart. This position is designed for individuals who thrive in a dynamic environment and are eager to contribute to the firm's success.

Business Context

The Credit Trading Operations team is integral to the firm's substantial presence in the credit trading market across major financial hubs. This role is focused on supporting the execution of over-the-counter (OTC) credit instruments while emphasizing risk management, reporting, and client service.


Key Responsibilities
  • Collaborate with Front Office, P&L, Back Office, and third-party vendors to resolve operational and booking discrepancies.
  • Monitor operational risks by providing effective support to the Front Office and minimizing fraud risks.
  • Ensure accurate trading positions in the Front Office system, addressing discrepancies caused by system errors or input mistakes.
  • Manage real-time trade booking exceptions between trading desks and sales teams.
  • Assist in project initiatives aimed at enhancing and streamlining existing processes.
  • Mitigate risks by reconciling discrepancies between trading desk positions and the firm's records.
  • Participate in event processing and develop a comprehensive understanding of trade life cycles.
  • Work closely with technology teams to implement process improvements and efficiencies.
  • Facilitate quick resolution of trade issues by liaising with various internal groups.
  • Promote a collaborative approach with other operational functions and infrastructure teams.
  • Maintain adherence to deadlines and objectives while demonstrating strong logical reasoning.

Qualifications

Minimum Requirements:

  • Exceptional attention to detail and accuracy.
  • Strong academic background.
  • Ability to work effectively within a split team organization.
  • Demonstrated eagerness to learn about processes and products.
  • Excellent interpersonal and communication skills.
  • Flexibility to adapt to changing environments.
  • Strong sense of risk awareness and critical thinking.
  • Highly organized with a commitment to quality customer service.
  • Effective listening and communication abilities.
  • Strong team spirit and relationship-building skills.

Preferred Qualifications:

  • In-depth knowledge of financial markets, particularly in Credit and/or Rates Derivatives.
  • Familiarity with regulatory requirements for OTC products.
  • Ability to manage multiple tasks in a fast-paced environment.
  • Proficient in Excel and capable of navigating multiple systems.
  • Previous experience in a Derivative Middle Office or with Trading/Sales in a financial institution.


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