The Base
We are based at 7 Bryant Park in the heart of NYC. and we have everything we need to work flexibly. We operate a hybrid working model, with a requirement that this Transaction Operations Analyst be in the office 3 days per week. This is to sustain our culture of innovation, collaboration, knowledge sharing, and building relationships within the business.
The Team/Position Overview:
This position is Temporary (6 Months) - Trade Operations Subject Matter Experts within the trade operations team to support the Manager of the team in delivery of the team’s responsibilities. Ensure that equity, fixed income, cash, FX, Repo and Unit Trust trades are confirmed on a timely basis, settlement instructions are sent accurately & timely, and settlement issues or fails are pro-actively dealt with and resolved. Additionally, handle the investigation and resolution of any interest claims that may arise.
The role holder will thrive in a fast-paced environment with an emphasis on meeting tight deadlines. A strong interest in learning and harnessing technology will help you with your role in the organization.
Key Responsibilities:
- Deliver accurate, timely, compliant and cost-effective trade, cash and derivative processing services.
- Ensure processes and procedures are in place to:
- Achieve timely confirmation of trades across equity, fixed income, cash, FX, Repo and Unit Trust trades and ensure timely issuance of settlement instructions and cash payments/receipts.
- Identify, record, investigate and resolve trades failing to achieve market settlement by contractual settlement date.
- Monitor trade affirmations to ensure they are completed within stated time frame.
- Timely update of cash flows, fees/expenses, trade related FXs and externally managed cash and security movements such as STIF movements, as well as instructing cash movements at custody.
- Responsible for loading CFD, OTC Options, Credit Default Swaps, Interest Rate Swaps, Total Return Swaps and Inflation Linked Swaps trades and checking against recaps on trade date.
- Perform function in line with established business controls.
- Provide administrative, transactional based support to others involved in the task of fund / portfolio management.
- Support external client queries and ensure that they are investigated and responded to within agreed timelines.
- Contribute independently to department and Company initiatives and projects.
- Escalate potential problems before they become a risk.
- Meet the needs of our business partners and internal clients.
- Meet all deadlines and ensure procedures and controls are fully implemented.
Skills and Behaviors Required:
- Bachelor's Degree preferred
- Typically, would require 1-2 years’ experience gained in a Trade Management function within a Financial Services Operational team supporting equity, fixed income, cash, FX and Unit Trust asset classes.
- Good operational knowledge of SWIFT messaging standards.
- Strong understanding of operational risks and control frameworks.
- Wider experience in Asset Management and understanding of the end-to-end asset lifecycle.
- Good at analysing and solving problems with a strong handle on operational risk.
- Effective in managing your own time with ability to prioritise tasks and delegate appropriately.
- Excellent communicator with strong interpersonal skills.
- A strong team player able to develop strong working relationships with global internal departments and external counterparties.
- Able to adapt to changes quickly.
Discharge of responsibilities
The role holder shall ensure that all their responsibilities are performed to the highest levels of integrity, quality and transparency and in a manner most likely to promote the success of the Schroders Group, taking into account the interests of key stakeholders including clients, employees, regulators, suppliers and society as a whole.
In discharging their responsibilities, the individual shall establish appropriate oversight and control structures for all areas under their control where needed.
Reporting Obligations
In discharging their responsibilities, the role holder shall
- Ensure that the Transaction Services - Trade Operations - Manager is made aware of any issues which the Transaction Services - Trade Operations - Analyst deems material
