Credit Middle Office Trading Support Specialist

SummaryIn a dynamic and international environment, you will be responsible for control and support functions of operations initiated by the New York Credit Front Office deriving from post trade execution, books and recordkeeping and trade processing of Fixed Income Market transactions. Your role will be to facilitate trade settlement to ensure all operations are processed efficiently and in a timely manner.You will be a point of contact and liaison between internal (Front Office Trading, global Middle Office and Back Office teams, Compliance, IT, Market Activity Monitoring, Project Management) and external entities (Clients, Broker/Dealers etc.).You will develop various skills such as knowledge of financial products, the financial markets, and best business practices.The position is based in New York. You will report locally to the Manager of the Credit & Repo/Money Markets Middle Office.Key ResponsibilitiesThe Middle Office team is responsible for assisting and controlling the Credit and US Govies business line including products such as Corporate Bonds, US Treasury Bonds, US Treasury Futures, Credit Derivatives, etc. This includes trade monitoring, workflow control, and trade validation to ensure timely settlement and accuracy of Front Office positions, risk exposure and trade capture. You will contribute to the development of a reliable and effective control function of the perimeter. You will also have the opportunity to participate in various projects related to client business development in order to optimize secure transactions and to provide control of risks. You will also participate in business projects such as new market developments, new products, system enhancements/deployment, new regulations and market rules.Specific Responsibilities:Monitor FINRA TRACE reporting via TRAQS ensuring all corporate bond, securitized and US Treasury trades match within the required regulatory timeframeEnsure accurate capture and data quality in all Front office systems throughout the course of the dayManage trade amendments in front office booking system upon request while ensuring relevant control modifications are accurately reflected in TRACE, Trading's position, pnl, and riskMonitor and perform controls for the front to back-office trade workflow while following up with numerous teams to resolve discrepancies and settlement issuesTAAPS processing for US Treasury Auctions biddingProcess repo bookings on corporate bond, US Treasuries, Corporate Actions event bookings, manage buy-in requests and process conversions as neededAssist in the investigation of failed trades and trade-related discrepancies while providing solutions in a timely mannerDaily financing of Front Office security position and currency balancesFacilitate trade settlements and clearing in DTC, Euroclear/Clearstream, Fedwire and CME ClearportFrequent communication with numerous teams including internal and external entities such as front office, back office, Risk Management, IT, management, clients, brokers, Finance Department, etc.Investigation and follow-up of breaks sent by back office, middle office or internal departmentsProvide high level, quality support to front office within the Middle Office's perimeter and established global mandatesEnsure controls and procedures are developed to support the business while reducing financial and operational riskAssist in the identification, specification and testing of system enhancementsDevelop and maintain strong relationships while communicating will all Middle Office teams located globally including MDA teams maintaining interface between all entitiesOther ResponsibilitiesService Quality and Processes improvement:Propose and formalize any improvements on controls and proceduresDevelop efficiency initiativesCompliance and GovernanceEnsure compliance with CA CIB CMO [Head Office] and CA CIB NY governance and organization directivesPromote operational controls and segregation of dutiesControl and awarenessExert vigilance to unusual or inappropriate (i.e. unusual, un-economic or fraudulent) trading practicesAlert management and position control team in case of suspicion of inappropriate (i.e. unusual, un-economic or fraudulent) trading practices or operationsLegal and Regulatory ResponsibilitiesComply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Local Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting OfficerMaintain appropriate knowledge to ensure thorough understanding that is required to undertake this role. Complete all mandatory training as required to attain and maintain competenceManagement and ReportingReports to the manager of New York Credit and Repo/Money Market Trading Middle OfficeKey Internal contactsFront Office, local and global Middle Office teams, Back Office, IT support teams, referential teams, risks and market activity monitoring teams, audit and internal control departmentsKey External contactsClients, Interbank, Broker/DealersSPECIAL ROLE REQUIREMENTSParticipation in Business Continuity Planning and testingKnowledge of writing macros/VBA in Excel is a plusQualifications/Education RequiredDegree in finance or previous experience in Middle OfficeExperience RequiredPrevious experience in Operations, trade settlements (DTC/Euroclear/Fed)Strong written and verbal communication skillsCompetencies RequiredRigor and sense of organizationAutonomyCapacity to cooperateAbility to work across disciplinesHigh technical and analytical thinking skillsGood relationship management and ability to communicate clearly and effectivelySensitivity to operational riskAbility to work under pressure in a fast-paced environmentSkills & Knowledge RequirementsFluent in EnglishComfortable with IT toolsComfortable with Microsoft Excel functions, macros and Visual Basic EditorDesirable Skills and KnowledgeVBA, Macros in Microsoft ExcelFrench is a plusSeries 7/63 or Series 99 is a plusExperience with FINRA Trace reporting is a plus

Created: 2025-01-14