What are the responsibilities and job description for the Derivatives Trade Support Associate - Futures and FX position at Point72?
A Career with Point72’s Derivatives Trade Support Team
Point72’s Operations team supports all operational aspects of trade processing, reconciliation, financing, and reporting firmwide for all products, including equities, derivatives, bonds, foreign exchange and futures, and digital assets across global markets.
Within Operations, the Derivatives Trade Support team is responsible for the daily confirmation and settlement of fixed income, rates, credit, futures, FX and other OTC derivative products. The team is actively engaged with Point72’s Front Office, Back Office, Compliance and Technology teams to manage operational risks. The team also works very closely with all of Point72’s trading and clearing counterparties.
What you’ll do
We invest in our people, their careers, their health, and their well-being. When you work here, we provide:
Point72 is a leading global alternative investment firm led by Steven A. Cohen. Building on more than 30 years of investing experience, Point72 seeks to deliver superior returns for its investors through fundamental and systematic investing strategies across asset classes and geographies. We aim to attract and retain the industry’s brightest talent by cultivating an investor-led culture and committing to our people’s long-term growth. For more information, visit https://point72.com/.
Point72’s Operations team supports all operational aspects of trade processing, reconciliation, financing, and reporting firmwide for all products, including equities, derivatives, bonds, foreign exchange and futures, and digital assets across global markets.
Within Operations, the Derivatives Trade Support team is responsible for the daily confirmation and settlement of fixed income, rates, credit, futures, FX and other OTC derivative products. The team is actively engaged with Point72’s Front Office, Back Office, Compliance and Technology teams to manage operational risks. The team also works very closely with all of Point72’s trading and clearing counterparties.
What you’ll do
- Confirm, affirm, and settle daily trade activity across a broad range of products, with a primary focus on FX and listed Futures
- Manage the verification and reconciliation of all positions to our prime brokers/FCMs and trading counterparties
- Oversee all post-trade lifecycle events for cleared and uncleared derivatives
- Work with our portfolio managers, traders and external trading counterparties and prime brokers/FCMs to resolve trade related issues in a timely fashion
- Help monitor and reduce foreign currency exposure through the execution of FX transactions
- Assist in responding to ad hoc queries from internal and external clients
- Participate in the onboarding process for new investment teams, including account setup, platform training, and third-party connectivity
- Help push for continuous improvement of the team’s processes via automation and/or identifying opportunities for increased efficiency and/or control
- Undergraduate degree in accounting, business, economics, mathematics, or a related field
- 4-7 years of experience in the middle-office operations function of a financial institution
- Strong working knowledge of FX and Futures Derivatives, including FX Spot, Forward, NDF, Options and Listed Futures
- Hands-on experience with electronic affirmation/confirmation platforms such as Traiana
- Understanding of product lifecycle events for Futures and FX products, including offsets, novations, compressions, exercise/expirations and bond futures delivery
- Superior problem solving and analytical skills, with the ability to multi-task and adapt to a changing environment
- Strong work ethic, self-motivated, confident
- Strong communication and interpersonal skills
- High attention to detail aimed at delivering a product that meets our best-in-class standards
- Commitment to the highest ethical standards
We invest in our people, their careers, their health, and their well-being. When you work here, we provide:
- Fully-paid health care benefits
- Generous parental and family leave policies
- Mental and physical wellness programs
- Volunteer opportunities
- Non-profit matching gift program
- Support for employee-led affinity groups representing women, minorities and the LGBT community
- Tuition assistance
- A 401(k) savings program with an employer match and more
Point72 is a leading global alternative investment firm led by Steven A. Cohen. Building on more than 30 years of investing experience, Point72 seeks to deliver superior returns for its investors through fundamental and systematic investing strategies across asset classes and geographies. We aim to attract and retain the industry’s brightest talent by cultivating an investor-led culture and committing to our people’s long-term growth. For more information, visit https://point72.com/.