Trader Assistant Job Description

Trader Assistant Job Description

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Trader assistant provides best execution" across a range of high yield instruments, both cash and derivative products, for all Loomis Sayles' internal businesses.

Trader Assistant Duties & Responsibilities

To write an effective trader assistant job description, begin by listing detailed duties, responsibilities and expectations. We have included trader assistant job description templates that you can modify and use.

Sample responsibilities for this position include:

Trade Capture of a suite of products traded by the Prime business TRS, Portfolio Swap, Index Swaps, Synthetic Futures, CFD, P-Note, SBL
Life cycle event management corporate actions
Trade Capture of a suite of products traded by the Equities business Cash Equities and Equity Derivatives
Ensure all broker repo Vcon’s are reconciled and accurately captured in TOMS and the proprietary risk management system
Daily monitoring of local bonds positions, advising trading of any short ON, TN or spot positions
Ensure that all internal book flattening trades are captured across the relevant trading books
Liaise with brokers, clients and custodians to resolve queries and ensure accurate settlement of repo and spot trades
Monitor STP derivative bookings and ensure that all non STP (complex derivatives) trades are captured in the proprietary risk management systems
Ensure that all wash trades for derivative deals risk managed by London are booked accurately and pricing of the correct CSA’s
Run all EOD handlers to confirm all derivative trades are captured, pricing correctly and feeding downstream to the relevant settlement systems

Trader Assistant Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Trader Assistant

Typically a job would require a certain level of education.

Employers hiring for the trader assistant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Engineering, Graduate, Economics, Business School, Business, Mathematics, Finance/Accounting, MBA, Education

Skills for Trader Assistant

Desired skills for trader assistant include:

Derivatives products
VBA / SQL would be an asset
Accumulator/decumulators
ELIs
ELNs
Range accruals
Volatility/variance swaps
Adherence to client guidelines
Derivative and FX products
Excel

Desired experience for trader assistant includes:

Ownership and resolution of all daily and monthly tasks any extraordinary issues that arise
Appropriate escalation and reporting of any pertinent issues
Daily completion of control reconciliations to ensure trade validity and completeness
Liaising with clients –internal and external – to ensure timely resolution of issues and trade settlements
Proactive problem identification and query resolution
Management of Excon requirements of all EDG trades or other ZAR trades with an offshore booking element

Trader Assistant Examples

1

Trader Assistant Job Description

Job Description Example
Our growing company is looking for a trader assistant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for trader assistant
  • Ownership of the P&L repatriation on the RRA account
  • Involvement with project work arising from new system implementations, new products and general improvement and development of processes
  • Produce daily requests
  • Support traders on daily requests such as reporting of day end PNL, producing analyses, trouble shooting any particular issues
  • Work closely with Support functions (IT, Operations, PnL, and Accounting) to solve out any issues
  • Support the management for the medium – long term project
  • The trading tools for the team
  • Actively participate in the creation on various core tools that are missing or need to be upgraded
  • Work on different risk analysis tools
  • Manage dedicated tools to ease pricing and automate the response to client
Qualifications for trader assistant
  • BCommerce / relevant financial qualification preferable
  • An understanding of and an interest in the South African Financial Markets
  • Understanding of the South African fixed income and treasury market
  • Five years previous Middle Office experience
  • A good understanding of the South African Financial Markets, including Exchange Control regulations
  • 3 years relevant market experience
2

Trader Assistant Job Description

Job Description Example
Our company is looking for a trader assistant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for trader assistant
  • Product pricing and automation
  • Support trading team on day-to-day operations (outside of trade execution)
  • Maintain and improve existing spreadsheets and tools used by the desk
  • Develop on specific products a deep understanding and knowledge of parameters impact on pricing
  • Develop new products and strategies under the lead of a senior trader
  • Look at the risk systems and tools, and understand book deformations
  • Establish good relationships with sales and structuring departments
  • Follow up limits (market, counterparty, regulatory)
  • Execution and management of trades and positions for all Securitized Credit strategies
  • Construction of Fixed Income portfolios across a diverse range of account types
Qualifications for trader assistant
  • Demonstrated proficiency in the use fixed income analytical software, such as of Bloomberg or BondEdge
  • Experience in Agency MBS and Agency CMBS markets
  • Well motivated, pro-active and enthusiastic
  • Interested in joining an Middle Office operations team or expanding current experience
  • Some securities operational experience preferred but not essential
  • Ability to develop relationships with clients, the front office and a variety of other contacts with operations areas
3

Trader Assistant Job Description

Job Description Example
Our company is looking to fill the role of trader assistant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trader assistant
  • Interact with the front office and internal support departments
  • Collaborate with software developers and fund administrators
  • The Trader Assistant Role is situated alongside the FO on the Trading Floor
  • Contribute to the development of pricing and risk management systems for XVA
  • Provide trading support to the Taxable Fixed Income Trading desk
  • Continuously interact with fixed income traders to promote collaboration and market awareness
  • Work on various projects across all asset classes supported by Taxable Fixed Income Trading
  • Price and analyze client transactions
  • Optimize the return on inventory held
  • Allocate balance sheet and measure profitability
Qualifications for trader assistant
  • Interested in joining an operations team or expanding current experience
  • Ensure timely settlement of all SBL activity across global equity markets
  • Liaison with clients, counterparties and traders to investigate & resolve any trade exceptions
  • Reconciliation & investigation of all key controls with settlements flow
  • Production of daily MIS
  • Primary support function to the EMEA SBL Front Office additional support to the International Stock Borrow Loan Desk regionally (New York, Hong Kong, Tokyo & Sydney)
4

Trader Assistant Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of trader assistant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for trader assistant
  • Help traders monitor the Asian market environment by collecting news and intelligence, in order for them to articulate their trading strategies and product pushes
  • Participate to the daily operation of the desk, including the generation of trading position reports and other operational tasks
  • Acting as the primary contact for all Front Office (Trade/Sales) related queries
  • Ensure all Cash and Bond Repos are reconciled and accurately captured in the proprietary risk management system(s)
  • Daily monitoring of local bonds positions, ensuring that Risk vs
  • Liaising with brokers, clients and custodians to resolve queries and ensure accurate settlement of repo and cash trades
  • Providing assistance to Cash Management with the resolution of Ledger/Nostro breaks – across all products supported (FI, Rates, MM, FX)
  • Develop the client franchise by having strong interaction with the sales and engineer teams as required
  • Day-to-day loan management of portfolios including loan recall, re-rates, substitution and collateralization
  • Participate in client support activities including revenue estimate preparation and bespoke updates on strategy
Qualifications for trader assistant
  • Assisting the SBL EMEA Middle Office manager in delivering the strategic agenda
  • Producing process improvements for additional efficiency and control
  • To perform this job successfully, an individual must be able to perform each essential duty satisfactorily with or without reasonable accommodations
  • This job description should not be construed as an exhaustive statement of duties, responsibilities or requirements, but a general description of the job
  • Extensive Investment Banking experience, preferably in a similar Trader Assistant role
  • Strong Operations and / or Finance experience
5

Trader Assistant Job Description

Job Description Example
Our company is searching for experienced candidates for the position of trader assistant. 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 trader assistant
  • Accompany IT developments and assist with the testing and validation
  • Analyze the official PnL reports and understand the gaps
  • Report issues to the management
  • Produce the relevant reports to the management
  • Help with the launch of new products and other projects
  • Deal with other internal trading desks and provide pricing to Sales under the supervision of the trading manager and within a strict control framework
  • Under direct supervision of a trader will be responsible for changing market prices and executing trades
  • Industrialize processes
  • Reporting daily Front Office PnL estimates to the management
  • Supervision of the Middle Office team providing effective day to day support to the sales/trading desk on trade bookings
Qualifications for trader assistant
  • Candidate with Middle Office or Trade Support experience, from top tier bank preferred
  • Highly numeric person with excellent attention to detail in all areas
  • Ability to work in a pressurised environment, meeting tight deadlines on daily basis
  • Well motivated and enthusiastic
  • Extremely detail-orientated and Controls focused
  • Bachelor Degree holder in Finance, Business Administration, Engineering or relevant disciplines

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