MIDDLE OFFICE - Trade Support Analyst - Credit

Company Description

Coremont provides integrated front to back office services to investment managers and financial institutions and is authorised and regulated by the Financial Conduct Authority in the United Kingdom.  Coremont’s service offering encompasses the full asset management life-cycle, including a portfolio management system, risk analysis, operations (trade processing, fund accounting and treasury services), compliance support and investor relations services. The business spun out from Brevan Howard Asset Management (one of the world’s leading absolute return/hedge fund managers) in 2018 and Brevan Howard remains a key client.

Coremont employs over 220 staff, with offices in London, Hong Kong, New York and the Channel Islands. It is led by a team of highly experienced finance professionals across multiple disciplines with a platform that is considered an industry leader in trading analytics, risk analysis and operational robustness.

This job opening represents an exciting opportunity to join a rapidly growing business with institutional backing and a proven track record in delivering a suite of financial services to a market-leading standard.  The successful individual will be able to combine their industry experience with a vision for further development in a dynamic and supportive environment. 

Job Description

The focus of the Trader Assistant within the Operations team is on ensuring the complete, accurate and timely capture of trades and lifecycle events. The core services, processes and controls are provided to clients to ensure accurate risk and P&L capture. The Trade Support team forms part of the Operations Function supporting trading activities across a diverse client base and product range. The particular role requires in-depth experience in credit products.

The core services provided by the Trader Assistants are as follows:

Trade Capture

• Monitoring electronic trade flows
• Ensuring accurate trade capture of voice executed transactions
• Compliance with regulations and internal policies with respect to trade execution and capture
• Publishing P&L and working with clients to resolve queries

Life Cycle Event Management

• Facilitation of option expiry processes and other contractual obligations
• Corporate event and credit event processing
• Compression and novation processing

Static Data Management

• All elements of instrument data set up and maintenance
• Onboarding of clients, traders and funds
• Support for static to aid the STP of trade capture

Reconciliation of Client Positions

• Ensure positions and trade details recorded in internal systems match external parties (clearers, custodians, prime brokers, counterparties)
• Facilitate the timely resolution of position and trade breaks
• Monitor middleware platforms for intraday trade matching

Process Improvement and Projects

• New business initiatives: Including set up of new traders and products
• Process Improvements including technology enhancements
• Enhancing knowledge through training and maintenance of team procedures and policies
• Completing event reviews and implementation of risk mitigation improvements

The role entails working closely with execution traders and portfolio managers across a number of clients. An ability to prioritise based on risk profile is critical, as is a clear and concise communication approach with clients.

The role also requires close working relationships with a number of internal partners including the COO team, Fund Control, Investor Relations, Fund Risk and Quants. Occasionally coverage across the wider operations function may be required.

Qualifications

Essential

• Undergraduate degree in a numerate discipline
• A sound understanding of financial markets and different financial products, specifically ETD and OTC Derivative instruments.
• Execution, mechanics and analytics
• Front to back processes
• Market infrastructure
• An excellent knowledge of operational risk and risk mitigation utilising technology, process and controls.
• Minimum 3 years’ trade assistant\operations experience.

Desirable

• Advanced excel and knowledge of VBA, SQL or other programming languages.
• Good problem solving capabilities, evidence of process improvement.

Additional Information

All your information will be kept confidential according to EEO guidelines.