Broker Assistant/Data Input Clerk
Perform duties related to assisting brokers engaged in broking transactions in an Inter-Dealer Brokerage. Duties include trade entry responsibilities into the Firm’s proprietary settlement system, interaction with customer’s back office staff, verification of accurate trade processing flow, reconciliation of daily transaction data, and verification of all timely and accurate regulatory trade reporting responsibilities
Key areas of responsibility
- Record and document all brokered transactions
- Assist brokers in the course of their business
- Monitor and reconcile transaction entry in all middle or back office systems and ensure flow to other settlement systems if necessary
- Monitor and reconcile all regulatory trade reporting requirements such as TRACE.
- Reconcile trade discrepancies with customers and brokers
- Perform various office functions such as filing, organizing, ordering, stocking, etc.
Qualifications / Experience
- Strong documentation skills
- Good understanding of Fixed Income Markets, Products and Trading.
- Knowledge of Trading Systems
- Experience in Financial Services( Brokerage Preferred)
- Ability to comprehend and process complex data
- Broad knowledge of FINRA regulations
- Familiarity with TBA and MBS trading is a plus
- Experience with Trade support functions such as affirmation, position reconciliation, trade execution, cancel and corrects, trace reporting, risk management, and client/trading interface
- FINRA Series 99
- Series 7 a plus
Personal Qualities
- Strong communications skills with a demonstrable ability to interact within the organization as well as with customers
- Ability to work under pressure and perform under tight deadlines
- Ability to comprehend and process complex data
- The ability to understand and effectively communicate technical concepts
- Flexible and adaptable to changing priorities
- Ability to manage multiple ongoing work streams simultaneously
- Hands-on approach with ability to deliver to commitments
- A desire to learn and improve skills and knowledge
- Energetic, enthusiastic and flexible
- Team player, but able to work under own initiative
- Exceptional organizational skills, appreciation for the importance of detail. High personal work standards with a goal to achieve excellence.
- Strong analytical and creative problem solving skills
- Articulate with ability to communicate at all levels, both orally and in writing
- Have a proactive style, be able to follow through on commitments and understand the importance of deadlines
- A confident and self-motivated individual and able to work in a fast paced, demanding environment.
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