Market Operations Associate
About The Position
The Market Operations Associate is responsible for supporting the end-to-end execution and operational lifecycle of USD interest rate swaps (IRS) and related rates products. The role sits within the Market Operations function, combining execution support, trade lifecycle management, and operational delivery to ensure high-quality, controlled, and efficient market activity. It is designed to operate across multiple areas, enabling flexibility and “multi-hatting” across execution, operations, and stakeholder coordination as the business scales. The role operates in a regulated environment and is subject to RTX policies, market conduct standards, surveillance and recordkeeping requirements.
Requirements
- Demonstrable experience executing USD rates derivatives, particularly USD IRS in a bank, hedge fund, or execution services environment.
- Strong understanding of swaps market structure: dealer liquidity, SEFs, clearing, compression, roll conventions, key benchmarks, and market events.
- Knowledge of best execution practices and a control-minded approach to trading and recordkeeping.
- Excellent attention to detail and ability to manage multiple trades/workflows under time pressure.
- Strong communication and relationship management skills with internal and external stakeholders.
- High integrity and sound judgement; comfortable operating within a regulated/control environment.
Nice To Haves
- Experience with execution analytics / TCA for rates and/or automation of execution workflows.
- Familiarity with SEF platforms and swaps execution tools (OMS/EMS), and confirmation platforms (where applicable).
- Understanding of clearing mechanics, margining, and FCM/clearing broker interactions.
- Experience contributing to process improvement, STP initiatives, and operational scaling in a growth environment.
Responsibilities
- Support the execution of USD interest rate swaps across SEF/OTC and relevant venues, in line with RTX execution policies and controls
- Monitor market conditions (rates, liquidity, spreads) to support optimal execution timing and approach
- Maintain and support relationships with counterparties (dealers, brokers, SEFs) to ensure access to liquidity and pricing
- Assist with execution-related activity for hedging and risk adjustments
- Manage the trade lifecycle from execution through to confirmation, allocation, and settlement
- Ensure accurate trade capture across internal systems (OMS/EMS) and external platforms
- Work closely with Operations, Middle/Back Office, and clearing brokers to resolve breaks and ensure smooth processing
- Reconcile trades across internal and external records, resolving discrepancies in a timely manner
- Support daily reporting, controls, and end-of-day processes
- Support the delivery and documentation of best execution in line with internal policies and regulatory requirements
- Ensure all activity adheres to relevant US regulatory frameworks (e.g. CFTC / SEF obligations where applicable)
- Maintain strong recordkeeping standards across trade rationale, communications, and execution activity
- Partner with Compliance on monitoring, surveillance, and escalation where required
- Work closely with Markets, Risk, Compliance, Operations, and Technology teams to support efficient execution and operational processes
- Contribute to improvements in execution tooling, automation, and straight-through processing (STP)
- Support onboarding of new venues, counterparties, and product capabilities
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
