Fixed Income Trade Support Job Description
Fixed income trade support
provides fixed Income trading support to traders, business development, municipal marketers, Fixed Income strategies, and trading liaison users.
Fixed Income Trade Support Duties & Responsibilities
To write an effective fixed income trade support job description, begin by listing detailed duties, responsibilities and expectations. We have included fixed income trade support job description templates that you can modify and use.
Sample responsibilities for this position include:
Internal trade booking (DSTS/TOMS/Calypso)
Producing flash PnL
Ensuring accurate electronic confirmation of Option and Exotic Swap trades (MarkitWire-DTCC)
Supporting the expiry and exercise of transactions within the firm systems
Extensive interaction with the desk answering any ad-hoc requests/trade related questions
Interaction with other operations areas such as Client Support, Controllers and Confirmations Team
Product and model reconciliations
Identify and escalate control-related issues
Contribution to global and local projects (such as UAT etc)
Run point for all USD collateral management originated by the US Repo Desk (MAIN FUNCTION)
Fixed Income Trade Support Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Fixed Income Trade Support
Typically a job would require a certain level of education.
Employers hiring for the fixed income trade support job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Education, Finance, Economics, Associates, Financial Services, Accounting, Business/Administration, Technical, Administration
Skills for Fixed Income Trade Support
Desired skills for fixed income trade support include:
Fixed Income products and how they are traded is preferable
Industry structure
Regulations and participants
ADP
DSTS
FinPro
Fixed income and financial products overall
ICI
European
Fixed Income Derivatives a preference
Desired experience for fixed income trade support includes:
Book unsecured LIBOR loans for the MM funding desk (I do at least 100 of these daily or approximately $500mm to 1bln per day)
Coordinate with repo counterparties to manage daily margin calls (via re-pricing, free collateral, etc)
Assist the Primary Dealer with Federal Reserve operations and US Treasury auctions
Monitor and process client trade allocations
Setup new counterparties
Settlement issues and follow up with client & BO
Fixed Income Trade Support Examples
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Fixed Income Trade Support Job Description
Job Description Example
Our innovative and growing company is looking for a fixed income trade support. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fixed income trade support
- Leading the team who will be focused on handling Trade Capture and additional lifecycle trade support flow
- Monitoring subordinates work to ensure that the work process is running smoothly
- Laise with the Head of Operations to improve existing work flows
- Working with the team to create Operational controls
- Working closely with Project Management teams in order help implement new project initiatives
- To be the escalation point for the teams reconciliations issues on failed trades
- Serving as the primary operational point of contact to the front office for any major issues
- Liaising with internal and external stakeholders to resolve any urgent trade issues
- Lead the Fixed Income team to ensure optimal efficiency and top customer service to new and existing clients
- Be the advocate for HK Fixed Income Trade Support Group and share accomplishments in the region with global counterparts on a regular basis
Qualifications for fixed income trade support
- 8-10 years of experience of relevant exposure within a trade floor environment preferably working within the middle office
- Previous management experience of a team within an Operations function
- Excellent understanding of the Operational lifecycle and workflow
- Experience in facing off with senior stakeholders within the business
- Ability to lead and develop junior staff to help inspire optimal efficiency
- Strong language skills including fluent English, Japanese, Cantonese and Mandarin are a bonus
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Fixed Income Trade Support Job Description
Job Description Example
Our growing company is hiring for a fixed income trade support. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fixed income trade support
- Trade Affirmation/Confirmation of all unmatched trades for a variety of trading desks across Credit and Rates and Syndicate businesses
- Questioning, automation and simplification of existing processes
- Exception monitoring and resolution, both on the day and root cause
- Frequent interaction with supported and supporting groups globally (Front Office, Settlements, Technology, CSD’s, IPA’s)
- Prompt investigation and resolution of trade queries and trading reports
- Some system migration work may also be required
- Developing and maintaining excellent relationships with key global stakeholders, within the BU and across operations
- Act as a Liaison between the Front & Back office on trades, confirmations and settlement issues
- Troubleshoots and monitor fails and unmatched reports, advise the desk for any potential issues
- Confirm trades with clients, create pre-confirms and follow up potential issues when necessary
Qualifications for fixed income trade support
- Knowledge of the business units risk and regulatory requirements
- Extensive interaction with the trading desk (positions, strategy, general inquiries)
- Work closely with the Trading desk and ensure risk and PNL are correctly captured on T0
- Ensure trades are correctly reflected in both the front and back systems and understand the STP flow of all systems
- Build and strengthen stakeholder management among the BU, act as the intermediary among Trading desk, Controllers, Settlements, Confirmations and Reconciliation teams to ensure proper trade flow
- Provide support on business improvement projects
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Fixed Income Trade Support Job Description
Job Description Example
Our company is growing rapidly and is looking for a fixed income trade support. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fixed income trade support
- Ensure trades are allocated in front end systems before EOD
- Verify the accuracy of all trades input by HK Traders/Sales onto Rates Infinity
- Ensure production and distribution of Reports for relevant cash funding and P/L
- Confirm all Broker confirmation for accuracy to trade input and investigate with appropriate individuals for any corrections needed
- Deal with any trade/payment confirmation or queries in Hong Kong time zone and highlight information to confirmation centres in both Toronto and London if necessary
- Act as a liaison between trading, correspondents, Financial Advisors, money managers and Operations in resolving comparison and settlement issues
- Handle all compliance-driven corrections, resolving and proving if prices are out of trading range
- Handle timely oversight of REGS / 144A Exchanges for client settlements
- Resolve client trading errors, run error trades, and communicate losses to Financial Advisors
- Work with trade operations to resolve transaction discrepancies between the various trading and back office systems
Qualifications for fixed income trade support
- The individual will be responsible for maintaining consistent high quality performance
- Ability to be a team player & work independently
- Ability to think outside of the box to resolve issues
- Ability to multitask while not losing focus on attention to detail
- Ability to adhere to time sensitive deadlines
- Work closely with other support functions your colleagues to provide high standard services to the FI repo business and clients
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Fixed Income Trade Support Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of fixed income trade support. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for fixed income trade support
- Participate in the testing and implementation of system and/or process changes
- Reduce risk and/or increase efficiencies by suggesting process changes and system modifications
- Ensuring accurate electronic confirmation of Interest Rate Derivative trades on MarkitWire, whilst reconciling back to the firm?s risk systems
- Being the data provider and reconciliation owner of critical trade reporting requirements, safeguarding the firm?s obligations to both our local and global regulators
- Providing additional supervision of the daily controls and processes to ensure accurate and timely completion
- Maintaining compliance with product specific regulations
- Supporting the lifecycle events for many different vanilla and structured products within the FID space
- Executing various trade compression opportunities through multiple external vendors
- Extensive interaction with the trading desk, answering any ad-hoc requests/trade capture related questions
- Interaction with other areas of Operations stakeholders within various other departments
Qualifications for fixed income trade support
- Ensure trades are booked quickly and with precision
- Perform routine checks and controls to ensure full accuracy of data
- Report in any issues in a timely fashion to the management
- Be able to perform other tasks associated within the Middle office functions
- Communicate and work well with colleagues within your team in other teams domestically and globally
- Engage in projects/new initiative to improve and enhance the team/firm performance
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Fixed Income Trade Support Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of fixed income trade support. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for fixed income trade support
- Trade Affirmation/Confirmation of all unmatched trades for a variety of trading desks across Credit and Rates
- Ensure continuity of daily trade processing to allow for greater Straight Through Processing and exception queue monitoring such as client and issue reference data and cash accruals
- The role also encompasses system reconciliations, detailed analysis of issues and productivity initiatives to improve the quality and efficiency of the trade flows
- Seeking ways to improve current processes by leveraging the tools available to identify inefficiencies and implementing automated solutions
- Keeping abreast of industry initiatives and market trends that can impact the business model and/or offer opportunities to improve the processes
- Assume ownership for any operational issues that are raised and provide resolution in a manner that is seamless, regardless of which operational areas are impacted
- Anticipate issues that may adversely affect operational support and take action to reduce the risk of occurrences
- Leverage diverse perspectives/skills within the organization
- Ensure all desk functions are documented in accordance with group procedural guidelines
- Thoughtfully assess and manage risk
Qualifications for fixed income trade support
- Quicker learner, who is self motivated and can grasp concepts and trade flows quickly
- 3 years related experience (middle office, settlements, operations)
- Aptitude – Ability to quickly gain understanding of processes and purposes
- Financial Numeracy – Competency to learn and apply financial concepts in order to resolve issues
- Intermediate/Advanced excel – Comfortable with creating/maintaining macros and performing analysis on large datasets
- Autonomy – Must be able to see processes or projects through to completion