Associate Director, Trade Support

New York, NY 10017

Posted: 08/27/2018 Industry: Analyst Job Number: 3339266

Associate Director, Trade Support

Functional responsibilities will include end-to-end middle office operational support including trade confirmation, trade settlement, trade booking, trade life-cycle event support, cash projections and internal accounting within PAM (investment accounting system). The environment is fast-paced. This person would be responsible for facilitating evolution of the operating model to target state as well as broadening the knowledge of insurance accounting and PAM platform within the team.

  • Responsible for daily reconciliation of cash, position, and accruals
  • Providing daily cash liquidity reporting
  • Monitor cash on hand and book FX trades as needed for hedging purposes
  • Respond to margin/collateral calls and setup wires to facilitate movement of cash
  • Reviewing, Allocating and confirming bond, equity, options, OTC trades with counterparties in DTC/Euroclear/ICE
  • Send out daily trade fails and unmatched report to front office
  • Confirm and settle trades with prime brokers, resolve failing and unmatched trades
  • Set-up and process wires to appropriately fund for various events
  • Liaise with Security Master team to ensure proper setup of new funds/securities
  • Work with fund controllers/fund administrators to confirm P&L throughout the month, and resolve all issues/breaks for month end signoff
  • Be the functional expert for PAM and partner with IT for appropriate integration
  • Responsible for reconciling VPM (Virtual Portfolio Manager) and PAM

  • Undergraduate Degree from top University/College with 7+ years of relevant investment operations experience, with GPA 3.25+
  • In-depth knowledge and 3+ years of experience in PAM
  • Familiarity with book value/Insurance accounting
  • Insurance Accounting experience is a plus
  • Experience in VPM is a plus
  • Product knowledge exposure:
    • Corporate Bonds
    • Bank Debt/Term Loans/Revolvers
    • Credit Default Swaps
    • Foreign Exchange (FX)
    • Equity Swap Derivatives
    • Equity/Options
  • Knowledge of Microsoft Excel
  • Demonstrated experience in process improvements
  • Project management experience is a plus

Skills Requirement
  • Must be able to multi-task; should be a quick learner
  • Must be able to work under pressure with tight deadlines
  • Strong communication and writing skills
  • Must be comfortable communicating with traders and portfolio managers
  • Collaborative environment

Harris Friedell
Recruiting Manager

Harris is a seasoned veteran in the recruiting industry, managing and enhancing the candidate and client recruitment process for the New York tri-state area. He is a proud father of two Rutgers University grads, and is enjoying his "empty nest" with his wife of 31 years.

Fun Fact: Although he is a Mets and Jets fan, he still tries to keep a smile on his face!

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