Job description

Main Responsibilities:

• Trade ComparisonClean up on all DTC unaffirmed Prime Brokerage trades, by liaising directly with Prime Brokerage Clients and executing broker's Middle Office and Settlements teams

Clean up all unmatched international (ie, non US trades), by liaising directly with Prime Brokerage Clients and executing broker's Middle Office and Settlements teams

• Fail MonitoringTrack and resolve all open fails, by liaising with Prime Brokerage clients, internal settlements teams, executing broker's Middle Office and Settlements teams, Corporate actions and stock loan trading desk and operations

• Trade Amendments and Static data updatesMake appropriate amendments and corrections to US and non US trades to amend misbookings.

Request client, executing broker specific updates to static and referential data to ensure Prime Brokerage and Arb RM are instructing with accurate settlement information vs the specific legal entity of the execution counterparty.

• Client Service / Customer SupportAct as an operational point of contact for both external Prime Brokerage clients and internal departments to resolve open items related to unffirmed / unmatched trades, client reports, fails, static data, and any other operational issues.

• Synthetic Prime BrokeageProvided day to client service for client swap trades. Agree cash flows, calculate resets, monitor client trade files, ensure swaps and hedges match end of day, and follow up on client reporting breaks due to price differences, dividends, corporate actions and referential data issues.

• Work with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issues
• Monitoring of operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimum
• Ensure accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss
• Manage real-time trade booking exceptions internally between the trading desk and sales force
• Assist with project initiatives designed 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 / assist in event processing and have a full understanding of the life cycle of a trade
• Collaborate with technology teams on the implementation of process flow improvements and efficiencies
• Contribute to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client Services
• Liaise with other Operation functions and other infrastructure groups to support a 'one team approach
• Promote an efficient dialog/discussion with our internal and external partners
• Adhere to deadlines and objectives
• Where appropriate, ability to maintain and explain own position using logic in the light of differing views

Qualifications:

• BS Economics, Finance, Accounting or other related field of study.
• At least 7 years of relevant financial industry experience.
• Strong qualification level in equity derivative markets. Financial market knowledge of derivatives products including TRS, ETFs, Equity Swaps, etc.
• Previous experience (5-7 yrs) in a Cash or Synthetic Prime Brokerage Middle Office environment or prior experience in working with Trading/ Sales in a financial institution
• Proficient in Microsoft Office, especially Excel
• Knowledge of various financial markets.
• Strong sense of risk and critical thinking.
• Maintains high quality of customer service when communicating with clients.
• Display good relationship qualities, team spirit, and ability to work cross-functionally.
• Proactive and displays willingness to take initiative.
• Ability to effectively listen and communicate.
• Maintains acceptable response to stress.
• Rigorous and well organized

Client Registrations Required:

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

SEC Security-Based Swap Dealer Associated Person:

About Us:

We continue to grow and strengthen our commitment to the US market. Corporate & Institutional Banking (CIB) platform and Asset Management platform, along with our retail presence through, Bank of the West, provide services to:

• Help businesses raise capital in the US and globally by leveraging an international network spanning 68 countries
• Offer consistent client service and innovative approaches for investment, hedging and financing opportunities across asset classes and geographies, as well as research and market intelligence to help our clients make strategic decisions
• Support local communities by funding projects to improve technology, infrastructure, clean energy, and agriculture
• Help women entrepreneurs, start-up organizations, individuals and families reach their goals through savings, community lending, and wealth management
• Support our clients transition to a lower carbon economy and an increasingly sustainable business model through forward-looking financing and investing solutions

We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business

Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services.

Job Type: Full-time

Salary: $937.00 - $1,100.00 per day

Benefits:

• Dental insurance
• Health insurance
• Referral program
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Application Question(s):

• Are you currently employed full-time?
• Do you have Previous experience (5-7 yrs) in a Cash or Synthetic Prime Brokerage Middle Office environment or prior experience in working with Trading/ Sales in a financial institution?

Education:

• Bachelor's (Required)

Work Location: Hybrid remote in Jersey City, NJ 07302

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