Trade Settlement Consultant


International Banking Client

Office Status: Hybrid


The sales Middle Office team is responsible on supporting the Front Office in the business of dealing US Treasuries, Interest Rate derivatives and corporate bonds. In a dynamic and International environment, you will take in charge the control and support functions of the operations initiated by the New-York Sales Front Office, from the negotiation, recording and processing of the transactions. Your role will be to facilitate and smooth the processing of the operations by ensuring an effective and relevant control process of operations.

You will be in constant relation with other group entities both internal (Front-Office trading, Middle-Office, Back Office, Compliance, IT, Product Control, Project Management) and external (clients, brokers etc.).

You will develop various skills such as knowledge of financial products, knowledge of the financial market environment through best business practices.

The position is based in the dealing room New-York. You will report locally to the New-York Head of Interest Rate Derivatives Middle Office.

Primary Responsibilities

The main responsibility is to control and guarantee the accuracy and timeliness of the Sales capture, amendment and life cycle events in FO systems.

The CDT Sales MO Support Analyst is specifically responsible for carrying / monitoring the below tasks :

  • Allocating and validating trades (and sales credits) in Omega
  • Post-Trade allocations in CTM and FIX
  • Coordinating allocation exception management when appropriate
  • Validating allocations in Oasys Domestic / CTM and processing related confirmations
  • Checking Omega and all trading platforms (Bbg, Tradeweb, Marketaxess) for any outstanding trades that need validation
  • Monitoring Trades pre-confirmation, check trade details (ISIN, hedge amounts, yield, settlement amount and dates) as clients’ confirmations and details of account splits are received via e-mail or Bloomberg. Catch any potential errors in the trade details
  • Assisting resolution of BO queries sent to sales
  • Investigating and managing resolution of breaks and failed trades sent by BO and MO teams
  • Ensuring the exhaustiveness of the daily capture in Omega by reconciling Omega with internal and external systems
  • Being the interface between MtM team and sales team

Client Services:

  • Client liaison and voice confirmations
  • Post trade follow-up (send client the sales recap per the client request\verification that confirmations were sent to golden clients)
  • Work with other NY MO individuals, and liaising with MOs globally and EBO to ensure smooth settlement for international trades
  • On boarding interface with KYC team
  • Monitoring On boarding process (initiated and managed by salespeople)
  • Identifying funds to be onboarded and assisting completion of sub-account forms for allocations
  • Monitoring correct creation of funds within internal systems

Secondary responsibilities

  • Ensure the controls and procedures are developed to support the business and reduce operational risk
  • Service Quality and Processes improvement:
  • Propose and formalize any improvements on controls and procedures
  • Develop efficiency initiatives
  • Compliance and Governance
  • Ensure compliance with Bank CMO 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, un-economic or fraudulent) sale practices
  • Alert management and position control team in case of suspicion of inappropriate (i.e. unusual, un-economic or fraudulent) sale practices or operations
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