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Credit Trading Assistant (Hybrid)

Salary undisclosed

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We are looking to full this Credit trading assistant role with one of our direct foreign investment banking clients . The is a great long term opportunity with a great company and the hiring manager is looking to move quickly.

This role is 3 days Hybrid and the client is looking for someone who can work 50% onsite.

Position- Credit trading assistant

Location Chesterbrook PA (Hybrid 50%)

Top 3 Skills for Position

  1. Previous support and knowledge of credit products (Corp Bonds, CDS, Index, and Structured trades).
  2. Knowledge of Credit trade lifecycle events
  3. Ability to multi-task

Global Markets

Role & responsibilities

Risk/Position Monitoring

  • 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, Client, 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-a-vis of the clients. Ensure outstanding issues are properly raised to sales/trading and monitored until resolved.

  • iResolve 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 :

  • 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, Client, 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.

Client Registrations Required :

Series 7 and 63

Sumeet Chhatwal

Sr Technical Recruiter

Lenmar Consulting, Inc.(Kellton Technologies)

1440 Plaza Five, Suite 1440

Harbor side Financial Center

Jersey City, NJ 07311

Ph: Ext 4012, Cell

Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.
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