PB Middle Office Analyst (Equity/Fixed Income)
The Prime Brokerage middle office team is dedicated to providing a trade management and fails service to Prime Brokerage clients. The team is the point of contact for both the clients and Operations for a range of trade related issues, and their role is to facilitate resolution of any problems that arise. The PBMO is responsible for the front to back trade flow for Equities, Fixed Income and CFD products and providing the client with a single point of contact for all operational issues.
Main Function:
To be the gateway for PB clients’ enquiry and assist to resolve various trade related queries including some trade input, trade management, failing trades, settlement problems, alleged and unmatched trades, trade pre-matching and resolution of position breaks.
To be first point of contact for Operations to help resolve pre and post settlement issues for PB trades including broker queries to client, trade matching problems, fails reporting.
The PB Middle Office takes ownership of a problem and sees it through to resolution; we are accountable for preventable fails and aim to provide a professional service demonstrating exceptional operational knowledge, honesty and integrity to clients at all times.
Main Duties:
Respond to all queries received from clients, settlements and counterparties in a timely fashion
Monitor trades on settlement date to identify pair offs and daylights
Monitor aged fails and annotate fail code with meaningful information
Input trades and monitor to facilitate client requirements for Equities/Fixed Income
Client position break queries
Functionality – Fixed Income and Equity
Respond to pre-settlement queries
Trade Amendments and re-bookings
Fails Management
Monitor for Daylights
Identify possible pair offs
Validate population of Fail Code
Identifying depot shorts and requesting re-alignment of stock relating to failing trades
Bulking/splitting trades when requested by the client
Clearing client identified position breaks
Investigating validity of fail claims sent by FID and Equity Interest Claims
Enhancing static data
New Away Broker requests
New Security set ups
Onboard new clients at they occur
Free Delivery/Receipt booking and monitoring
Chase down fails
Identifying depot shorts and requesting re-alignment
Monitoring of positions and realigning stock relating
Input of ADR Max (ADR Creation/Conversion) trades
Monitor and request authorisation for free deliveries
Input of Exchange Moves and rebooking related trades
Xtas reconciliation between PB and House
Bulking/splitting trades when requested by the client
Client Web reporting enquiries
Trade Import and Client Allocation
Directing/policing Dividend/Coupon enquiries by client
Experience required:
3 – 5 years in Equities/Fixed income/ operations
Good Knowledge of Either Equity or Fixed Income Clearing including:
a)Trade flows b) Buy-In c) Settlement Cycles of Major European Markets and Euroclear
Experience preferred:
Some knowledge of ETF’s
Experience of Direct client contact
Skills Required:
Excellent Written and Oral communication Skills
Microsoft office - Excellent Excel Skills including Macro’s
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