Trade Control Analyst - Central Funding Desk
Charlotte, North Carolina;New York, New York
**Job Description:**
**FDCO Overview**
The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses.
Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.
**Job Description**
FDCO (Fixed-Income Core Operation) organization is seeking a qualified individual to support the trade-capture workflow for the XVA Desk within Global CPM (Counterparty Portfolio Management), with a focus on rates and credit derivatives. The XVA Desk is responsible for managing the exposure of the firm to valuation adjustments on its derivative positions due to funding cost, credit risk, and regulatory capital costs.
The desired candidate should possess a working understanding of derivatives products. These would include IR Swaps, Swaptions, CDS, CDS Index etc, with focus on rates products. The candidate must have excellent MS Excel skills and must be an excellent written and verbal communicator. The role is fast-paced and often has simultaneous competing priorities and as such, the applicant must be able to properly prioritize their time and be comfortable in a fast-paced work environment. The role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, this role is an escalation point for the various Operations Teams, and external clients on transaction related issues. Cross training with team members supporting other products will be required for coverage purposes.
**Position Description:**
Work in a fast-paced environment with direct communications with Trading Desk and Sales
Monitor workflow in the primary trade capture system, as well as system of record
Apply independent judgment and discretion when resolving trade discrepancies to ensure that the correct risk is always reflected in Front-Office Trading system and Back Office Risk Systems
Based on product, system and proprietary knowledge, identify and resolve variations in risk in the primary trade capture system, eg. Booking errors leading to fee discrepancies.
Primary point of contact for the Front Office, Operations, and Finance on topics relating to trade capture.
Understand various idiosyncrasies and conventions of Structured Notes and their related hedges in order to provide SME(Subject-Matter Expert)-level support.
Ensure internal risk positions are appropriately reflected to mitigate any risk to the firms capital
Ensure initial trade bookings, trade amendments, allocations and novations occur in a timely manner to meet Transaction Reporting requirements
Ensure trade bookings are compliant within existing regulatory frameworks such as Volcker CFTR, UMR, etc..
Responsible for global connectivity and communication with counterparts across various Line-of-Business to ensure consistency and alignment to target Control Standards within Trade Control
**Basic Qualifications:**
Solid understanding of basic financial concepts such as time value of money, interest rate, mark-to-market, and time series modeling.
Excellent Excel reporting-related skills
Detail-oriented to operation trade flow, data entry, and data reconciliation
Ability to liaise across multiple functional teams to resolve issues
Ability to operate autonomously without direct supervision
Ability to quickly analyze and make decisions in the event of a problem
Ability to quickly grasp new industry practices and create/document new processes
Strong organizational skills and ability to effectively prioritize multiple tasks
**Desired Qualifications:**
1 - 3 years of experience in the trade control / fixed income operation space
Macro/VBA Knowledge
Experience in supporting rates, FX, and credit derivative trading
Knowledge of financial processing systems and accounting
Understanding of the Best Practices and front-to-back product flow to manage Operational Risk
Relevant industry product knowledge
Proactive thought leadership to identify and deliver process improvements and efficiencies
Knowledge of industry regulatory frameworks such as Volcker Reporting and DTCC Real-Time Reporting
**Other Qualifications**
Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
Excels in working among diverse viewpoints to determine the best path forward
Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner
Commitment to challenging the status quo and promoting positive change.
Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world"
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
**FDCO Overview**
The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses.
Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.
**Job Description**
FDCO (Fixed-Income Core Operation) organization is seeking a qualified individual to support the trade-capture workflow for the XVA Desk within Global CPM (Counterparty Portfolio Management), with a focus on rates and credit derivatives. The XVA Desk is responsible for managing the exposure of the firm to valuation adjustments on its derivative positions due to funding cost, credit risk, and regulatory capital costs.
The desired candidate should possess a working understanding of derivatives products. These would include IR Swaps, Swaptions, CDS, CDS Index etc, with focus on rates products. The candidate must have excellent MS Excel skills and must be an excellent written and verbal communicator. The role is fast-paced and often has simultaneous competing priorities and as such, the applicant must be able to properly prioritize their time and be comfortable in a fast-paced work environment. The role requires all trade issues to be monitored, escalated as necessary, and resolved in a timely and efficient manner. As a result, this role is an escalation point for the various Operations Teams, and external clients on transaction related issues. Cross training with team members supporting other products will be required for coverage purposes.
**Position Description:**
Work in a fast-paced environment with direct communications with Trading Desk and Sales
Monitor workflow in the primary trade capture system, as well as system of record
Apply independent judgment and discretion when resolving trade discrepancies to ensure that the correct risk is always reflected in Front-Office Trading system and Back Office Risk Systems
Based on product, system and proprietary knowledge, identify and resolve variations in risk in the primary trade capture system, eg. Booking errors leading to fee discrepancies.
Primary point of contact for the Front Office, Operations, and Finance on topics relating to trade capture.
Understand various idiosyncrasies and conventions of Structured Notes and their related hedges in order to provide SME(Subject-Matter Expert)-level support.
Ensure internal risk positions are appropriately reflected to mitigate any risk to the firms capital
Ensure initial trade bookings, trade amendments, allocations and novations occur in a timely manner to meet Transaction Reporting requirements
Ensure trade bookings are compliant within existing regulatory frameworks such as Volcker CFTR, UMR, etc..
Responsible for global connectivity and communication with counterparts across various Line-of-Business to ensure consistency and alignment to target Control Standards within Trade Control
**Basic Qualifications:**
Solid understanding of basic financial concepts such as time value of money, interest rate, mark-to-market, and time series modeling.
Excellent Excel reporting-related skills
Detail-oriented to operation trade flow, data entry, and data reconciliation
Ability to liaise across multiple functional teams to resolve issues
Ability to operate autonomously without direct supervision
Ability to quickly analyze and make decisions in the event of a problem
Ability to quickly grasp new industry practices and create/document new processes
Strong organizational skills and ability to effectively prioritize multiple tasks
**Desired Qualifications:**
1 - 3 years of experience in the trade control / fixed income operation space
Macro/VBA Knowledge
Experience in supporting rates, FX, and credit derivative trading
Knowledge of financial processing systems and accounting
Understanding of the Best Practices and front-to-back product flow to manage Operational Risk
Relevant industry product knowledge
Proactive thought leadership to identify and deliver process improvements and efficiencies
Knowledge of industry regulatory frameworks such as Volcker Reporting and DTCC Real-Time Reporting
**Other Qualifications**
Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
Excels in working among diverse viewpoints to determine the best path forward
Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner
Commitment to challenging the status quo and promoting positive change.
Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world"
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22071073
Band: H5
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Autumn Barlow Huitt [C]
Referral Bonus:
0
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