Associate - Synthetic Prime, Client Services
About The Position
The Associate Sales & Trading is responsible for serving as support for the US Prime Brokerage division of TD Securities (USA) LLC. TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. Together, we are reimagining what banking can be for our clients, colleagues and communities.
Requirements
- Bachelor's degree, or specialized training / equivalent work experience
- 3+ Years of related experience
- Ability to work independently with minimal supervision, establishes priorities, and possesses strong communication, analytical and problem solving skills
- Management experience and solid computer skills a must
Nice To Haves
- Highly proficient in Microsoft Office, including the ability to work comfortably within Excel
- Degree in finance, accounting, economics, business, mathematics or related fields
- Strong analytical problem-solving skills with emphasis on attention to detail
- Organized and able to manage multiple priorities in a deadline driven environment
- Proven ability to work well on teams, showing initiative, a positive attitude and a willingness to work hard
Responsibilities
- Provide high touch client service for a portfolio of institutional clients including hedge funds, asset managers, and ETF providers with a goal of fostering long term strategic partnerships
- Manage key processes that support the team including Delta1 Reconciliation, Corporate Action Monitoring, EOD Trade Processing and Allocation, client cash settlements, new client onboarding, client reporting and audits, lifecycle, and reconciliation etc.
- Monitor and validate daily swap trade activity across multiple trading platforms and counterparties to ensure transaction accuracy
- Liaise with Trading, Derivatives, and Sales partners across the firm in New York as well as global offices to effectively deliver product to clients
- Maintain a high standard of service through timely responses, strong attention to detail and resolutions to internal inquiries as well as client requests
- Develop strong understanding of internal systems and work alongside external vendors to improve overall workflow
- Work independently on ongoing initiatives to improve overall client experience
- Effectively communicate with management and key stakeholders across the greater Prime Services team domestically and abroad
- Gathers, researches information and analyzes the market
- Executes detailed data analysis and valuation
- Provides in-depth market reports and expert recommendations
- Identifies issues affecting clients and provides recommendations to remedy
- Develops deep client relationships and presents new ideas to clients
- Executes trades and secures deals with new clients
- Keeps market-making traders informed of relevant issues with their customers and products
- Obtains market prices from market-making traders and executes the trade
- Ensures all trades are confirmed with the broker/dealer
- Inputs trades (post execution), and Verifies transactions meet company policies and followed approved guidelines
- Researches and resolves trade discrepancies
- Confirms trade blotters against trades booked in systems
- Coordinates with back office on all failed trade status and communicates to front office
- Coordinates with back office on position breaks and reports to the front office
- Assists traders in mark-to-market process
- Coordinates trade reconciliation discrepancy resolution with back office
- Looks for ways to improve work flow efficiencies
- Reads and understands the Trading Supervision Standard
- Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices
Benefits
- health and well-being benefits
- savings and retirement programs
- paid time off (including Vacation PTO, Flex PTO, and Holiday PTO)
- banking benefits and discounts
- career development
- reward and recognition
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
