Trade Support Associate Job Description
Trade Support Associate Duties & Responsibilities
To write an effective trade support associate job description, begin by listing detailed duties, responsibilities and expectations. We have included trade support associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Trade Support Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Trade Support Associate
List any licenses or certifications required by the position: CFA
Education for Trade Support Associate
Typically a job would require a certain level of education.
Employers hiring for the trade support associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Economics, Business, Science, Engineering, Accounting, Management, Education, Associates, Legal
Skills for Trade Support Associate
Desired skills for trade support associate include:
Desired experience for trade support associate includes:
Trade Support Associate Examples
Trade Support Associate Job Description
- Setup, installation and documentation of support procedures
- User MAC (moves and changes)
- Remote hardware installations
- Proactive monitoring of environment and PCs using various tools
- Reconcile all trade details
- Assist with end-to-end daily trade flow and ad hoc trading issues (errors, PL/risk breaks) as they arise
- Design processes around and PL verification for newly traded product types
- Monitor OTC confirmations, daily risk reporting, and early exercise/assignments of option positions
- Oversee ad hoc trade support project work ranging from spreadsheet development to end-to-end process improvement to internal trade flow automation
- Complete various weekly, bi-weekly and monthly reporting
- An understanding of equities and derivative products would be preferable
- Excellent Excel Skills, advanced macro level and above is advantageous
- Assertive and confident disposition, able to deal with all levels of personnel in Operations and Front Office
- Ensuring the integrity of the bank's trading positions through accurate trade capture, price reconciliations and query management
- Minimum 4 years of experience of relevant exposure within a trade floor environment preferably working within the middle office
- Strong language skills including fluent English
Trade Support Associate Job Description
- Ability to compile information intended to be provided to Auditors (internal audit / external auditors) and/or local authorities (Mexican Central Bank, CNBV)
- Follow up of IT developments
- Ensure consistency of process with global trade support counterparts
- Ensure that all trades are booked and confirmed
- Check the Sales system versus internal systems
- Act as a guardian and monitor the integrity of the firm's risk by ensuring that all trades are confirmed in a timely and efficient manner
- Participate and drive the recruitment process
- This is a Trade Support role, requiring an individual to independently support the FX Services Trading desk
- Primary responsibility will be to manage T execution controls, ensuring the risk bookings executed by our trading team are inline with our contractual FX obligations to the clients
- Other responsibilities include running Core FOBO reconciliations, Trade capture and processing of amends and cancellations, and running T+1 regulatory and compliance focused controls on trading activity
- Possible requirement to work Hong Kong Bank Holidays
- Numeracy – Many of the investigations will require a good level of numeracy to calculate interest amounts and be comfortable dealing with volumes of data at speed
- Team-work - The ability to work effectively as part of a team working to deliver against core business objectives such as improving settlement efficiency of Trade support
- Actively participate in FX Services projects, providing operational and control perspective, and the supporting the onboarding of new business
- Timely and accurate capture of all transactions in the Risk Management Systems
- Completion of Intraday / EOD processes including completeness and reconciliation checks to ensure capture of new trading activity and general book management has been processed accurately
Trade Support Associate Job Description
- Ensure all controls are diligently performed, completed and signed off on a timely basis
- Clear and concise communication with FO and all support teams to ensure the timely and efficient resolution of queries
- Participate and contribute to the various strategic initiatives
- Trade booking and processing STP trades into Risk Management System (Kapital)
- Perform deal level checkout and verification of all trades
- Assist with P&L, Risk and operational queries for the trading books, within the Tokyo Rates business, to the Front Office and other operational teams
- Partner with Technology and other lines of businesses to initiate and develop the strategic operating and risk management agendas
- Be involved in global local projects aimed for supporting new business, striving for efficiency, and streamlining to increase team's capacity
- Complete Intraday / EOD processes including completeness and reconciliation checks to ensure capture of new trading activity and general book management has been processed accurately
- Build an in depth understanding of all trading structures from both a financial and operational perspective
- Exposure to OTC equity derivatives
- Understanding all relevant derivatives and hedging products that are booked into the banks core Risk Management System
- Understand the key elements of other infrastructure groups Finance, Market risk, Credit risk, Operational risk, Collateral etc and recognise the impact of the actions of the Trade support team on these areas
- Must have clear communication skills, and an ability to use these to work collaboratively, explain and challenge as appropriate
- Great team player to work in a pressurised environment with an eye for detail
- At least 1-2 years of equity operations experience
Trade Support Associate Job Description
- Harness the team’s capabilities to maximise performance
- Motivate high performance and collaboration among team members and drive a coherent strategy
- Influence global teams to achieve continuity
- Change Management - Ability to re-prioritise plans, requirements due to shifting business priorities in order to meet deliverable deadlines
- Liaising with the desk, brokers and software providers as necessary and seeing issues to a timely resolution
- Trade Capture of non STP products
- Daily completion of multiple reconciliations to ensure trade validity and completeness
- Interaction with Brokers and clients around trade query’s and resolution
- Interaction with FO, MO, BO, Finance, P/L and Management
- Understanding operational issues and partnering with applicable teams to find resolutions
- Ideally candidates would be proficient in Putonghua given the increasing focus of the MSG Trading business in China & the need to liaise with on-shore equity custodians & futures brokers
- Participate in various testing related to system enhancement, project implementation and new business initiatives
- Avoidance of buy-ins and constant monitoring of fails management
- Has knowledge of OTC derivatives and preferably trade support experience
- Fluent in English and Japanese (oral and written)
- JSDA 1st and 2nd class Sales Representative license holders but not essential
Trade Support Associate Job Description
- OTC products and clearing
- Daily completion trade Regulatory controls across multiple jurisdictions
- An understanding of the regulatory requirements across the applicable products including CFTC, EMIR, MTC, SEF
- Involvement with the improvement and development of processes and applications
- Check prior day trades to ensure account compliance with model selection
- Label new accounts perform daily/weekly checks to validate account labeling in PortfolioCenter
- Review custodian alerts and restrictions against internal systems
- Send trade confirms and assist with trade settlement for accounts traded using a DVP account
- Work with trading and compliance to create and maintain procedures and documentation for trading/operations best practices
- Support trading team with communication between trading partners and custodians during portfolio rebalancing
- Candidates must have specific experience in equity markets and have a track record in supporting Equities, Futures, derivatives and other exchange traded products
- Fixed income OTC processes, risk management and related regulatory expertise
- Strong exotics background is preferred
- Prepare regulatory reporting for Legal and Compliance before submitting to the central regulators
- Understand the importance in risk management, and be able to work with the team to create workflow optimization to reduce any manual amendments in the systems.*LI-IN1
- Due to the high pressure environment and the need to deal with urgent issues on an ongoing basis, it is necessary for the individual to maintain composure when dealing with complex problems, providing the necessary attention to the issue at hand