What are the responsibilities and job description for the Credit Trade Support position at Open Systems Technologies?
A financial firm is looking for a Credit Trade Support to join their team in Jersey City, NJ.
Pay: $40-44/hr
Responsibilities
Required
Pay: $40-44/hr
Responsibilities
- Work with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issues
- Monitor 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
Required
- Attention to detail and accuracy is imperative
- Strong academic background required
- The successful candidate will need to demonstrate a strong desire to learn the processes and products
- Strong interpersonal and communication skills
- Flexibility to adapt to a new and changing environment
- Strong sense of risk and critical thinking
- Rigorous and very organized
- Maintains high quality of customer service
- Ability to effectively listen and communicate
- Good relationship qualities, team spirit, and ability to work across teams
- Strong knowledge of financial markets with emphasis on Credit and/or Rates Derivatives
- Knowledge of regulatory rules for CFTC and EMIR in relation to OTC products
- Ability to multi-task and prioritize in a fast paced environment
- Strong Excel/PC skills with proven ability to work with multiple systems
- Previous experience (1 yr ) in a Derivative Middle office environment or prior experience in working with Trading/ Sales in a financial institution
Salary : $40 - $44