Associate - Synthetic Prime, Client Services

TD Bank•New York, NY

15h•Onsite

About The Position

The Associate Sales & Trading is responsible for serving as support for the US Prime Brokerage division of TD Securities (USA) LLC. Key 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 Depth & Scope: 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

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