Salary description: Circa $70k base
- $50-100k AUD Equivalent
- 1 to 3 years of experience
Our client is a global trading business that focus on the trading primarily of futures, options and equity derivatives. Their Sydney business has about 150 staff, with about 9 in operations. This position of Operations Associate will sit within their small operations team, and reports to the Operations Manager.
They are an employer of choice in Sydney and are known for a great work/life balance, and a great relaxed work environment. This position would suit an operations professional who has previous experience with a global investment bank and seeking a more balanced work environment.
The ideal applicant would have previous experience for a few years within equity derivatives, asset management operations or futures & options settlement/support and must have exposure to corporate actions.
Main duties and responsibilities:
- Capturing trades into internal systems in an efficient and timely manner
- Ensure broker statements reconcile to internal systems daily across all products.
- Fail trade processing, via liaison with Prime Brokers and counterparties.
- Manage after trade details such as conversions / OTC cash flows including FX
- Produce nightly profit and loss estimate and reconciliation to front office.
- Liaise with Product Accountants & trading desk to ensure accuracy of nightly estimate.
- Maintain PnL including cash flows for equity swaps/CFDs
- Handle all corporate action activity across holdings including stock splits/rights issues/tender offers/dividends
- Assist with new counterparty onboarding process
- Assist with creation/redemption applications for ETFs
- Maintenance of internal system static data – Liaison with IT Development Team to have this correct through both F/O and B/O systems
Essential Qualifications & Experience:
- 3+ years experience working in the financial markets arena
- Operational knowledge of Asian securities markets
- Thorough knowledge of equity and equity derivatives.
- Knowledge of corporate action’s needs to cover economic implications of flows as well as operational booking and reconciling requirements