Opportunities

Equity Derivatives – Desk Assistant – Trade Floor

Written by Anton Murray Consulting Consulting on .

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Location: Sydney

Salary description: Market Rate

  • Permanent
  • 3 to 7 years of experience

The Desk Assistant role sits in the Prime Brokerage Client & Trade Service team. The purpose of the role is to provide a premium service to Cash Agency & Prime Brokerage clients and the Front Office, acting as the single point of contact regarding post-trade management and daily operational activity across all asset classes.

Key responsibilities

  • Desk Assistants are physically co-located with the Front Office trading desk to facilitate communication and connectivity with daily events.
  • Supports the Synthetic Prime Brokerage, Cash Prime Brokerage, Cash Agency and Delta 1 business lines
  • The Desk Assistant functions can be categorised under the following categories, Front to back SME Escalation Point, Business Facilitation, Strategic Deliverables and Control Functions
  • The Desk Assistant engagement model with Trade Support exists as a partnership between the two teams, whereby the Trade Support & Settlements team is an extension of the Desk assistants who also perform an overview function.
  • Escalation point and liaison for bespoke issues from Operational layers and Front Office
  • Assist with escalated P&L Queries and Issues from Finance
  • Attend regularly occurring meetings with  Operations utility groups & review  and monitor of MIS (Trade Capture & Reconciliation)
  • First point of contact for New Business Initiatives
  • Perform T-Zero Controls
  • Perform high risk actions to ensure smooth settlement of trades, and resolve escalated breaks
  • Liaise with clients as and when required to ensure smooth settlement of trades

Trade Booking, Amendment & Validation

  • Create and maintain swap templates
  • Book late trade in Trade repository Systems
  • Validate trade in Trade repository Systems
  • Amend or cancel trade in Trade repository Systems post trade date

Reconciliations

  • Reconciling incoming trades into the matching platform (i.e. Traiana), and working with client, brokers and trading desk to reconcile miss-matches to ensure trades are booked on trade date
  • Perform daily reconciliations, internally (BO, finance..etc) and externally (with clients), and explain the breaks
  • Perform FO/MO reconciliations between Trading End of Day books and morning data in Trade repository Systems

Trade Lifecycle Events

  • Provide full coverage for corporate actions. Proactively reaching out to clients on up and coming corporate actions, and any pending settlement/cash issues.
  • Booking in Trade repository Systems for Corporate Action events
  • Communicating all Corporate Actions for both hedge and swaps

Experience

  • 5+ years’ Trade Support experience.
  • Strong understanding of financial markets and Global markets products.
  • Strong equity derivatives and FX products knowledge (including the Front-To-Back workflows and the product event management)
  • Previous experience in PB industry in Trade Support or Operations role with equity derivatives background is preferred.
  • Proficiency in Excel
  • Experience with Traiana and related 3rd party products advantageous

Contact Us in Sydney

LEVEL 26, 1 BLIGH STREET
SYDNEY NSW 2000

Phone:+61 2 8246 8900

Hiring Staff: hire@antonmurray.com

Seeking Work: apply@antonmurray.com

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