Equity Middle Office Desk Support Associate

Job Title: Equity Middle Office Desk Support Associate

Grade Level: 6

Location: New York, NY

Duration: 6 months (potential for FTE)

Hybrid: 2–3 days/week onsite in New York

Interview Process: Virtual Teams interview, followed by a final interview in person

Growth/FTE Opportunity: Strong potential to convert to FTE after 6 months, opportunity to grow within the desk and potentially pursue international opportunities (Toronto/Hong Kong) and work on Exotics

Job Description

• Structured Desk Support Associate works closely with the Global Structured Products trading desks providing desk
• support services for all pre and post execution events. The Associate also works on ensuring that downstream feeds for
• various products (Structured Notes, Equities, OTC Equity and Interest Rate Derivatives, Bonds and Loans) are setup
• and acts as a liaison between the Trading desk and other stakeholders.
• Acountable for the execution of assigned Global Trade Support activities for various products and processes that
• require specialized handling and skills applying in-depth product knowledge. Support the introduction of new products,technology or processes. Develop and maintain excellent working relationships with Capital Markets Trading Productsdesk, Product Operations personnel and other stakeholder groups.
• Ensure adherence to related regulatory and Bank policies and procedures (P&Ps). Analyze and advise on the
• implications of new product introductions and change initiatives.

Key Accountabilities

A. Product & Process

B. Risk & Control

C. Business Performance Management

A. Product & Process

Ensure that all new trade bookings and trade amendments are accurately reflected on various trading platforms and updated to properly reflect life cycle events (expiry, reset, dividend, Corporate Actions)

Ability to take on a leadership role and Liaise with the trading desk and bank stakeholders (Accounting, P&L, Market Risk, VPC, Audit etc.) to ensure that new product setups and downstream flows are accurately setup

Act as a 1st line of defence to ensure that appropriate controls are in place to reduce operational risk, as well as to corroborate adherence to Approved Product List

Work closely with IT / PD to automate transactions workflow and create robust trade booking and trade activity monitoring tools

Participate in system migration and enhancement projects– conduct UAT testing and assess impact of trade bookings on Market risk and P&L impact on trading books

Proactive to investigate and resolve position, trade and payment discrepancies

Responsible for completion of EOD process including completeness and reconciliation checks.

Ensure all procedure documents are in place and up to date

B. Risk & Control

• Identify potential risk situations within the scope of Global Trade Support activities, escalating to management as required.
• Ensure adherence to directives, internal processes and internal approvals to mitigate risk to the Bank
• Understand regulatory and compliance requirements as prescribed for the business unit to ensure adherence as required.
• Ensure adherence to all aspects of FirstPrinciples, Our Code of Business Conduct and Ethics Corporate Policy, as well as all applicable legislation, regulatory rules and requirements, and Bank standards, policies and procedures (P&Ps) for such things as potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activities.
• Ensure strict confidentiality is maintained for both customer and Bank information to protect the customer and the Bank and to ensure compliance with Bank P&Ps.
• Contribute to testing and updating of contingency planning to support the business and maintain continuity of critical processes throughout a contingency event.
• Contribute to ensuring all procedures/ standards of team(s) are documented and regularly reviewed and updated as needed in accordance with market best practise guidelines and industry regulations.

C. Business Performance Management

• Identify opportunities to improve the operational effectiveness of assigned day-to-day Global Trade Support activities.
• Deliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support.
• Develop excellent working relationships with Capital Markets Trading Products desks, Product Operations and other stakeholder groups ensuring we have a global view across the business. Align individual performance goals to the team.
• Demonstrate behaviours that are consistent with “client”.
• Managerial Leadership (where applicable)
• Provide support of the day-to-day management and direction to a team of employees by assisting in setting the context and direction, defining accountabilities, tasks and assignments, and establishing boundaries for decision-making and approvals.
• Support the establishment and maintenance of managerial practices (e.g., creating a collaborative environment) that build a high-performance work environment within the team.

Knowledge and Skills

• 1-3 years of business-related experience in the financial services industry
• University Degree/College Diploma in related discipline
• Knowledge of Vanilla and Exotic derivative products (i.e. Structured Notes, Equities, OTC Equity and Interest Rate Derivatives – Swaps, Forwards, Loans and Bonds)
• Must have Project / Testing experience and worked on on-boarding trading platforms
• Familiar with TraderEH, SwapOne, Imagine, Calypso, Bloomberg
• Knowledge of Financial Markets and Regulatory oversight bodies
• Strong written and oral communication skills
• Ability to work under tight deadlines independently or in a team-based environment
• Strong investigation and problem-solving skills and attention to details
• Demonstrates analytical thinking and sound judgement when making decisions
• Good organizational skills, highly motivated and adaptable to a changing business environment
• Good understanding of business unit’s risk and regulatory requirements
• Good understanding of internal business partner’s business, services and organization
• Knowledge of departmental systems and applications supporting a range of Financial Products
• Advanced Microsoft Office skills particularly in Excel