What are the responsibilities and job description for the Trading Operations Specialist position at First Recruiting, LLC?
Support multiple trading desks with timely processing of trades and cash positions
Engage with traders, brokers, and custodians to ensure timely settlement of trades
Prepare settlement and clearing of securities
Reconcile and communicate daily opening cash positions for various asset classes
Confirm future payments with customers/counterparties
Verify that requests for funding comply with the parameters of individual deals
Process daily cash flow activity for SMA and Mutual Fund portfolios
Match daily trades via CTM and ensure successful transmission of SWIFT to custodians
Manage corporate action related restrictions for various securities
Create new securities and maintain security master data for all security types: equities, various fixed income and derivative securities
Reconcile daily system updates
Prepare and distribute cashflow projections
Review various intraday and end of day reports and action accordingly
Skills & Experience Required:
Bachelor’s degree in business or finance preferred
4 years’ experience in financial services/operations
Salary : $90,000 - $115,000
