What are the responsibilities and job description for the Credit Trading Assistant position at KYYBA Inc?
o Understanding of how to monitor trading positions and risks for accuracy throughout the day.
o Coordinate lifecycle events with designated Sales / Trading Desks to ensure deals are properly reflected in Risk.
o Contribute daily P&L estimates, produce risk explain, and investigate discrepancies with Official P&L produced by Middle Office.
- Analytical and Operational Support to PCM Trading Desks
- Process & Client Services Improvements
o Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank’s risk / position is updated real-time and applicable regulatory obligations (Dodd Franck, EMIR, FINRA, etc) are met.
o Resolve all internal queries from the Trading desk or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.
o Strong understanding of Post Trade Processes (Corp Actions, Succession Events, and Option Expiries) to be able to fully support / execute each request without supervision.
o Maintain proper documentation of the Front Office operational processes.
o Follow-up with relevant departments to ensure all aspects related to post-trade processing (incl. trade confirmations, Risk / P&L, clearing / settlements) are successfully handled vis-à-vis of the clients. Ensure outstanding issues are properly raised to sales / trading and monitored until resolved.
o Resolve internal queries from the Trading desk or various Partner Functions
o Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.
o In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.
o Improve PCM IT framework : report issues / bugs and propose IT enhancements to make the platform more scalable and resilient.
Required Education and Experience
o Bachelor’s degree or foreign education equivalent in Finance, Economics, or Mathematics.
o Minimum of two years of experience in a Front or Middle Office Trade Support role within Global Markets.
Essential Skills / Competencies :
o Demonstrated knowledge in US PCM Markets and its industry infrastructure.
o Very strong expertise in trade booking, validation, market lifecycle events, settlement and confirmation process for PCM products; including Corporate Bonds, CDS, Index, and Structured Trades.
o Working understanding of the applicable regulations (EMIR, Dodd Frank, FINRA, FATCA…).
o Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes.
o Good knowledge of system architecture (front to back workflow, pricers and risk management systems) for PCM products.
o Demonstrated commercial and collaborative attitude.
o Excellent communication skills (both written and verbal), including in client communication.
o Analytical mindset and problem solving.
o Very strong multi-tasking capability.
o Attention to detail.
o Ability to work well under pressure.
