Middle Office Treasury And Repo Trading Support

Project Location NYC NY (Maybe after 2 months could be 2 days a week remote.)

Contract / CTH / FullTime FullTime

Remote or Hybrid or Onsite Onsite

Project Duration Fulltime

Visa citizen and green card

Local ONLY OR Relocation Fine Nearby candidates

Job Summary

In this role you will be responsible for control and support functions of the operations initiated by the Treasury and Repo Front Office in New York from the negotiations recordings and processing of transactions. Your role will be to facilitate and ensure all operations are processed in a timely manner.

You will be a point of contact and liaise with entities both internally (Front Office Middle Office Back Office Compliance IT Product Control Risk Management Project Management) and externally (Clients Broker/Dealers etc.).

You will also develop various skills such as knowledge of financial products financial markets and best business practices.

This position is based in New York. You will report locally to the New York Head of Repo and Treasury Trading Support Middle Office.

Key Responsibilities

The Middle Office team is responsible for assisting and controlling the Treasury and Repo business line. In addition there is the Global Repo business that will be managed by both Europe and New York teams. This includes trade monitoring workflow control and trade validation to ensure timely settlement and accuracy of Front Offices position and exposure. You will contribute to the development of a reliable and effective control function of the perimeter. You will also have the opportunity to participate in various projects to optimize trade workflow deploy new products system enhancements/fixes new regulations and market rules.


Support Tasks:

• Ensure the integrity of all transactions and positions across multiple trading applications
• Perform first level of control by ensuring trades are booked accurately cash flow balances are correct triparty and bilateral trades are matched and settled in a timely fashion.
• Investigate analyze and resolve trade breaks
• Process funding and repos as required for Trading and Sales
• Manage and monitor post trade life cycle events
• Manage trades amendments in Front office systems as appropriately requested while confirming the impacts are in line with expectations
• Maintain high level of client service for external and internal stakeholders
• Contribute to the development of reliable and effective control functions while making certain procedures are updated and are in place to reduce operational risk
• Assist in the identification specification and user testing of system enhancements
• Ensure coverage and support to FO and within the team to undertake day to day tasks with respect to temporary needs holidays or illnesses
• Main point of contact for FO while being the liaison between FO and other teams.
• Act as a point of contact for the introduction of new products and ensure that procedures are in place to manage these transactions.
• Ensure the functional link with the Treasury Middle Office (located in Europe)
• Develop strong relationship with the global Treasury and Repo MO teams

Additional responsibilities:

• Service Quality and Processes improvement

Propose and formalize any improvements on controls and procedures

Develop efficiency initiatives

• Compliance and Governance

Ensure compliance with Capital Markets Operations and New York governance and organization directives

Promote operational controls and segregation of duties

• Control and awareness

Exert vigilance to unusual or inappropriate (i.e. unusual uneconomic or fraudulent) trading practices

Alert management and position control team in case of suspicion of inappropriate (i.e. unusual uneconomic or fraudulent) trading practices or operations

• Legal and Regulatory Responsibilities

Comply with all applicable legal regulatory and internal Compliance requirements including but not limited to the NY Compliance manual and Compliance policies and procedures as issued; Financial Security requirements including but not limited to the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.

Maintain appropriate knowledge to ensure through understanding to undertake the role. Complete all mandatory training as required to attain and maintain competence.