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Job Description
What is the opportunity?
The Structured Products Business Support role, based in Toronto, is responsible for the transaction management and technical support of Global Equity Derivatives (GED). The nature of this role is to ensure proper trade booking enabling robust confirmation, settlement, valuation and risk processes from internal control perspective.
Please note:
- The working days would be London business days
- The working hours would be expected to be London working hours - expected 6:30 am start and early finish.
What you will do?
Daily Transaction Management/Control Function
- Primary responsibility is GED
- Ensure all transactions are booked properly in the trading systems
- Ensure trades are adjusted to capture corporate actions (dividends, stock splits, mergers, etc)
- Ensure all amendments are properly reflected in the trading systems
- Ensure control and checks are in place for amendment, adjustment, life cycle events as well as OTC confirmation approvals
- Liaise with Front Office, Market Risk, Valuations, Product Control , Business Technology groups, Operations and other teams in the firm to resolve breaks and inform them about new/amended trades
- Validate that OTC confirmations are defined consistent with the system booking
- Define process standards on transaction bookings for global consistency
- Document multi-leg and/or multi-systems bookings and valuation requirement for trade structures for accurate review purposes
- Completion of EOD process and reconciliation checks
- Observe trading patterns and behavior to support business enquiries and to help identify/escalate potential fraudulent or unusual trading
- Document and/or update procedures for SPBS new processes and/or changes
Transaction Management Oversight
- Recommend improved workflow and initiate reports or projects between departments and regions to increase efficiencies and controls
- Monitor the trends in volume and type of trade activity to ensure that risk systems and processes are fit for scale
- Work with IT Support and Development team to improve transaction workflow and post trade review
What you need to succeed?
Must Have
- A good first degree preferably in finance, economics or other quantitative discipline
- 5+ year experience in a transaction management, trade support or Middle-Office function on over-the-counter Structured Products (Vanilla and/or exotics Reverse convertibles, auto-callables, barrier options, Accumulator / Decumulor, etc)
- Ability to understand the principles and the structured payoff of derivatives
- Good Excel skills, knowledge in VBA preferred
- Solid understanding of procedures and operational controls with middle office functions
- Ability to work under pressure, accept responsibility and deliver
- High attention to detail and control-focused
Job Skills
Business Analytics, Equity Derivatives, Group Problem Solving, Post Trade Processing, Risk Management Information Systems, Structured Products, Trading Systems, Transaction ManagementAdditional Job Details
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