Trading Assistant

Global Markets – PCM Trading Assistant

The PCM Trading Assistant’s main role & responsibilities fall into Three main categories:

• Risk/Position Monitoring and Trade Execution
• Understanding of how to monitor trading positions and risks for accuracy throughout the day.
• Coordinate lifecycle events with designated Sales/Trading Desks to ensure deals are properly reflected in Risk.
• Contribute daily P&L estimates, produce risk explain, and investigate discrepancies with Official P&L produced by Middle Office.

• Analytical and Operational Support to PCM Trading Desks
• Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank’s risk/position is updated real-time and applicable regulatory obligations (Dodd Franck, EMIR, FINRA, etc) are met.
• Resolve all internal queries from the Trading desk or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.
• Strong understanding of Post Trade Processes (Corp Actions, Succession Events, and Option Expiries) to be able to fully support/execute each request without supervision.
• Maintain proper documentation of the Front Office operational processes.
• Follow-up with relevant departments to ensure all aspects related to post-trade processing (incl. trade confirmations, Risk/P&L, clearing/settlements) are successfully handled vis-à-vis of the clients.Ensure outstanding issues are properly raised to sales/trading and monitored until resolved.
• Resolve internal queries from the Trading desk or various Partner Functions

• Process & Client Services Improvements
• Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.
• In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.
• Improve PCM IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.

Required Education and Experience

• Bachelor’s degree or foreign education equivalent in Finance, Economics, or Mathematics.
• Minimum of two years of experience in a Front or Middle Office Trade Support role within Global Markets.

Essential Skills/Competencies:

• Experience and knowledge to cover clients and execute/price deals with clients.
• Experience in developing and growing revenues with small client accounts.
• Demonstrated knowledge in US PCM Markets and its industry infrastructure.
• Very strong expertise in trade booking, validation, market lifecycle events, settlement and confirmation process for PCM products; including Corporate Bonds, CDS, Index, and Structured Trades.
• Working understanding of the applicable regulations (EMIR, Dodd Frank, FINRA, FATCA…).
• Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes.
• Good knowledge of system architecture (front to back workflow, pricers and risk management systems) for PCM products.
• Demonstrated commercial and collaborative attitude.
• Excellent communication skills (both written and verbal), including in client communication.
• Analytical mindset and problem solving.
• Very strong multi-tasking capability.
• Attention to detail.
• Ability to work well under pressure.

FINRA Registrations Required: Series 7 and 63