What are the responsibilities and job description for the Operations – Fixed Income Middle Office Trade Support position at Daiwa Capital Markets America?
Job Summary:
Responsible for supporting the Fixed Income Trading Desk, which includes the, Treasury, Agency, Mortgages, and Repo desks. Specifically acting as a liaison between the front office trading desk and the Operations, Accounting and Risk departments. Functions include processing all Federal Auction and Coupon Purchase/Sell processes, locate and resolve any FICC trade breaks, create and distribute the Daily P&L Fixed Income Report, and balance positions between Bloomberg and Phase 3.
Position Responsibilities:
- Review and Resolve FICC trading issues. (Breaks)
- Oversee the daily Treasury Auctions and Coupon Purchase/Sell processes
- Create and distribute the daily Fixed Income P&L report.
- Balance/reconcile all Fixed Income trading future positions between GMI and Bloomberg.
- Balance/reconcile all Fixed Income Traders’ positions between Bloomberg and Phase 3.
- Support the trading desk by acting as a liaison between Accounting, Settlements, counterparties, and IT on daily trading issues, such as fails, P&L issues, confirmations, trade allocations, and voice trade data input.
Position Qualifications:
- Potential Candidates should have a background in all Fixed Income products, including knowledge of US Treasury products and MBS products TBAs/Pools/CMOs)
- Knowledge and experience of MBS allocations, Treasury auctions and the Bloomberg trading system is a plus
- Effective communication skills to liaise between multiple groups
- 5 years experience in a fixed income product related field, MBS experience is a plus
- Bachelor’s degree from an accredited university
- Ability to multi-task in a high pressured work environment
- Series 7 a plus
$80,000 – $100,000
Exact compensation may vary based on skills and experience.
Salary : $80,000 - $100,000
