Associate, Repo Middle Office

Jefferies • Jersey City, NJ

8h • $80,000 - $100,000 • Onsite

About The Position

The Analyst in Repo Middle Office would be primarily responsible for:
Assisting Repo traders by liaising with Back Office teams to ensure proper trade flow, risk mitigation, settlement, and data management
Additional responsibilities include:
Researching and reconciling breaks between Anvil, the Repo Front Office system, and Impact, the Fixed Income Back Office system.
Communicating with clients to resolve issues stemming from trade execution, trade bookings, FICC netting, settlements, or corporate actions
Architecting and managing trade flows from Anvil to respective systems/depots for settlement via Impact
Assisting in the realignment of securities between depots as necessary
Working with various FED/DTC/Euroclear teams and the Repo desk to ensure the successful settlement of Repo transactions
Working with Repo/Securities Finance teams to ensure settlement
Creating and repairing processes to lower operational risk to the firm

Requirements

• Strong attention to detail
• Strong written and verbal communication skills
• Strong Excel skills (Pivot Tables, VLOOKUP, etc)
• Proven self-starter with ability to think quickly under pressure

Nice To Haves

• Strong knowledge of all Fixed Income clearance/settlement concepts and experience with settling trades and managing NFE/DOD at the Fed
• Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc) and its effect on stock record/trial balances
• Proven track record of managing operational risk
• Proven track record of managing Front Office to Back Office trade flow projects
• Strong knowledge of Broadridge GPS products (BPS, CAGE/Global Framework, and Impact)
• Strong knowledge of ION products (Anvil)
• Strong knowledge of FIS Products (SmartLoan, Loanet, Global 1)

Responsibilities

• Assisting Repo traders by liaising with Back Office teams to ensure proper trade flow, risk mitigation, settlement, and data management
• Researching and reconciling breaks between Anvil, the Repo Front Office system, and Impact, the Fixed Income Back Office system.
• Communicating with clients to resolve issues stemming from trade execution, trade bookings, FICC netting, settlements, or corporate actions
• Architecting and managing trade flows from Anvil to respective systems/depots for settlement via Impact
• Assisting in the realignment of securities between depots as necessary
• Working with various FED/DTC/Euroclear teams and the Repo desk to ensure the successful settlement of Repo transactions
• Working with Repo/Securities Finance teams to ensure settlement
• Creating and repairing processes to lower operational risk to the firm

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays
• paid parental leave

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed