Trade Support Analyst – Cash Equity – Fixed Term Contract (6 months) recruitment
The Middle Office supports the cash equity trading part of Societe Generale (MARK/GEF). London is the hub for all cross border trade flows and supports a number of business lines (Program Trading, Single Order, DMA and Hedge Fund).
The candidate will be expected to work as part of a team of 8 people supporting the daily trading activity. No particular management skills are required. The candidate will also be required to take on ad hoc project related tasks which will require certain autonomy.
Main responsibilities
Assist to ensure all Trade Support Unit functions are performed successfully.
These include:
Control
- Analyse positions on a daily basis;
- Investigate and resolve position breaks on a T basis (T+1 at latest);
- Ensure overnight positions are correctly reported, monitored and booked over a risk book;
- Analyse the FOBO and market reconciliations and resolve issues and breaks;
- Produce and follow up on the daily risk report;
- Monitor and ensure regulatory compliance of all non-vanilla transactions;
Support
- Ensure all confirmations are sent within the designated time-frame;
- Ensure trade settlement occurs and follow up on any issues.
- Assist FO non-vanilla trade bookings, ensuring the market and client legs of these transactions are always in place on T;
- Produce ad-hoc reporting where requested;
- First point of contact for all FO problems/queries;
- Dealing with ad-hoc queries from the back office, including price differences, c/p differences etc;
- Dealing with queries from other entities , including market regulation queries in Spain for example, the UK regulation on reporting etc;
- Improving and developing systems/procedures to ensure more accurate reporting, and working towards greater STP;
- Investigating problems and suggesting solutions for avoidance/better control;
- Ensure that new initiatives are tested and supported before, during and post go-live.
- Details of key responsibilities specific to the role
- Details of supervisory responsibilities for managerial roles
- Accountabilities
Degree of autonomy
Level of authority
- The role demands a good team player and someone who is flexible in their approach to day to day tasks. The level of autonomy will be greater when working on ad hoc projects and assignments that are assigned throughout the course of the year
Internal external contacts
- Front office (daily basis)
- Back office (daily basis)
- Other support functions (ad hoc)
- Other Middle Offices in other locations (daily basis)
- Other broker firms and counterparts (daily basis)
- External Clients (daily basis)
Specific context
- Standard hours are 8am to 6pm but a weekly shift rota is in place where one team member will work from 7.30am to 4pm
CANDIDATE PROFILE
Education
- Minimum A level standard.
Past experience
- Proven equity settlement experience, preferably as supervisor of Back Office in cash equity, willing to move into a middle office position.
- Knowledge / experience of a dealing floor environment
- Knowledge of Fidessa and Gloss system would be preferential
- Knowledge of Derivatives Middle-Back office would be a plus
Languages
- Fluent English
Technical skills
- Competent in Excel [vlookups, pivots, macros], Word.