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Senior Trade Support Analyst
TD Bank
Brooklyn, NY, United States
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TD Description
TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients. The firm works with clients around the world, focusing selectively and strategically on the key financial centers: Toronto, Montreal, Calgary, Vancouver, New York, London, Singapore and Tokyo. www.td.com
Department Overview
The Front Office Global Trade Support Team reports directly into Trading Business Management and is the first line of support for the Trading and Sales Desks.
Job Description
The support comprises of trade capture into Murex/Calypso, trade affirmation and various involvement throughout the lifecycle of trades. The Team also provides Sales Support in the form of client volume reporting and client onboarding (interacting with the AML/KYC teams) for the Global FX Business.
Other functions will include Trade Cancels and Amends, Reconciling fixing data versus Valuations/Settlements, Liasing with Operations on trade discrepancies, Manage Desk Closing and EOD requirements.
• The Trading Business Management (“TBM”) function at TD Securities proactively supports the TD Securities Global Markets' businesses achieve:
◦ Sustainable business strategies;
◦ Effective and efficient operational processes;
◦ Effective supervision and control processes;
◦ Alignment with the Bank's risk appetite and regulatory requirements.
• TBM’s reporting lines are joint to the Head of Global Markets as well as the TD Securities Office of the COO.
• One of TBM’s key departments in support of this mandate is the Global Trade Support Group (“TSG”), which is a key input into TBM’s overall Front Office Supervision Program across TD Securities’ Global Markets businesses.
• TSG is an autonomous authority with responsibility for the oversight, control, monitoring, analytics and reporting of post execution trade support within Global Markets, and ensure trades are reflected in the Front Office trading systems consistently on an accurate and timely basis.
• TSG is accountable for the development and implementation of responsible and necessary check points through the trade lifecycle to facilitate its mandate to minimize the risk of execution errors that could result in settlement risk, reputational risk, credit and market risk, PnL risk, hedging risk with the overall consequence of unexpected operational event losses.
Job Requirements
• TSG supports both trading and sales functions in New York as well as across Toronto and London with specific accountabilities pertaining to trade capture, inventory position management, business reporting/trade capture and client analytics;
• TSG interacts with traders, sales persons, Operations, Technology, Compliance and institutional customers to effectively deliver its mandate;
◦ Primary point of contact between the Trading/Sales Desk and all other areas including Ops, Risk , Credit, Technology, etc. to promote and achieve functional and process alignment between infrastructure, support and control groups and the Front Office Businesses.
◦ Functions as the trading and sales management authorized delegate on business driven, cross functional or TD Securities wide initiatives and governance forums associated with trade capture.
◦ Proactively delivers on cost reduction, efficiency and transparency recommendations that benefit the overall organization (e.g. rationalization of trading platforms, development of exception reporting and various monitoring tools, simplification and improvement of trade process workflows).
◦ Actively engages with the Firm’s clients (e.g. initiates requests for clarification or responds to requests/investigations) pertaining to trade lifecycle events thereby managing the reputational risk of client complaints or dissatisfaction with TD as a counterparty.
◦ Primary point of contact for any trade issues from Operations/Settlements in order to independently decide on the appropriate course of action given the specific circumstances of the particular trade.
◦ Independently escalates non-standard or high risk transactions or other activities, as appropriate, as part of its operational risk management accountabilities and Supervisory reporting responsibilities.
• TSG supports the ongoing development and design and adherence of the target operating model for Front Office processes that are required for effective trade execution, trade capture and position and risk management.
◦ Develops and implements the necessary trade capture governance framework to promote Front Office management’s adherence to associated TD policies, risk appetite, business strategies, internal controls and audit/regulatory reviews.
◦ Provides unique knowledge and subject matter expertise in many new and existing financial products, trading systems and applications to proactively drive process efficiency and cost effectiveness of operational processes across Global Markets.
◦ Lead accountability for FINRA’s regulatory TRACE trade reporting processes, daily/weekly/monthly review and analysis, intra-day follow-ups with traders and sales, contact with TD counterparties for trade reporting resolution, driver of regulatory projects to enhance and/or meet new regulatory rules and requirements, interaction with FINRA to resolve trade reporting issues and/or resubmissions, responding to FINRA regulatory inquiries related to TRACE reporting, etc.
◦ Lead accountability for FINRA’s regulatory TRACE trade reporting processes, daily/weekly/monthly review and analysis, intra-day follow-ups with traders and sales, contact with TD counterparties for trade reporting resolution, driver of regulatory projects to enhance and/or meet new regulatory rules and requirements, interaction with FINRA to resolve trtrade reporting issues and/or resubmissions, responding to FINRA regulatory inquiries related to TRACE reporting, etc.
◦ Lead accountability for the production of Trade Capture metrics reporting from end-to-end, identify gaps and propose strategic/tactical solutions to improve the existing process; leads the strategic rebuild of the infrastructure in order to
◦ Address the way TDS manages its Trade Capture metrics and provide Global Markets timely, accurate and standardized data.
Inclusiveness
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.