Credit Trade Support Specialist

1 week ago


Jersey City, New Jersey, United States Open Systems Technologies Full time
Job Title: Credit Trade Support

A leading financial firm in Jersey City, NJ is seeking a skilled Credit Trade Support professional to join their team.

Job Summary:
  • Provide critical support to the Front Office, P&L, Back Office, and Third-party vendors to resolve operational and booking issues.
  • Monitor operational risk and ensure the risk of fraud is minimized.
  • Ensure accurate trading positions in the FO system and correct discrepancies caused by system bugs, input mistakes, or information loss.
  • Manage real-time trade booking exceptions between the trading desk and sales force.
  • Assist with project initiatives 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 in event processing and have a full understanding of the life cycle of a trade.
  • Collaborate with technology teams to implement process flow improvements and efficiencies.
  • Contribute to quick resolution of trade issues by liaising with various groups.
  • Liaise with other Operation functions and infrastructure groups to support a 'one team approach'.
  • Promote an efficient dialogue with internal and external partners.
Key Responsibilities:
  • Trade Support and Operations
  • Risk Management and Compliance
  • Process Improvement and Efficiency
  • Collaboration and Communication
Requirements:
  • Strong academic background required.
  • Ability to demonstrate a strong desire to learn the processes and products.
  • Strong interpersonal and communication skills.
  • Flexibility to adapt to a new and changing environment.
  • Strong sense of risk and critical thinking.
  • Rigorous and organized.
  • Maintains high quality of customer service.
  • Ability to effectively listen and communicate.
  • 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 in a Derivative Middle office environment or prior experience working with Trading/Sales in a financial institution.


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