Business Office Associate Jobs in New York

Summary

In this role you will be responsible for control and support functions of the operations initiated by the Treasury and Repo Front Office in New York, from the negotiations, recordings, and processing of transactions. Your role will be to facilitate and ensure all operations are processed in a timely manner.

You will be a point of contact and liaise with entities both internally (Front Office, Middle Office, Back Office, Compliance, IT, Product Control, Risk Management, Project Management) and externally (Clients, Broker/Dealers, etc.).

You will also develop various skills such as knowledge of financial products, financial markets, and best business practices.

This position is based in New York. You will report locally to the New York Head of Repo and Treasury Trading Support Middle Office.

Key Responsibilities

The Middle Office team is responsible for assisting and controlling the Treasury and Repo business line. In addition there is the Global Repo business that will be managed by both Paris and New York teams. This includes trade monitoring, workflow control, and trade validation to ensure timely settlement and accuracy of Front Office’s position and exposure. You will contribute to the development of a reliable and effective control function of the perimeter. You will also have the opportunity to participate in various projects to optimize trade workflow, deploy new products, system enhancements/fixes, new regulations and market rules.

Support Tasks:

• Ensure the integrity of all transactions and positions across multiple trading applications
• Perform first level of control by ensuring trades are booked accurately, cash flow balances are correct, triparty and bilateral trades are matched and settled in a timely fashion
• Investigate, analyze, and resolve trade breaks
• Process funding and repos as required for Trading and Sales
• Manage and monitor post trade life cycle events
• Manage trades amendments in Front office systems as appropriately requested while confirming the impacts are in line with expectations
• Maintain high level of client service for external and internal stakeholders
• Contribute to the development of reliable and effective control functions while making certain procedures are updated and are in place to reduce operational risk
• Assist in the identification, specification, and user testing of system enhancements
• Ensure coverage and support to FO and within the team to undertake day to day tasks with respect to temporary needs, holidays, or illnesses
• Main point of contact for FO while being the liaison between FO and other teams
• Act as a point of contact for the introduction of new products and ensure that procedures are in place to manage these transactions
• Ensure the functional link with the Treasury Middle Office (located in Paris)

Salary Range: $100k - $120k

MINIMUM QUALIFICATIONS

• Educated to degree level standard or equivalent
• Degree in finance preferred

Required:

• Previous experience in Middle Office with Knowledge and exposure to Treasury and Repo products
• Ability to work independently with minimal supervision

PREFERRED QUALIFICATIONS

• Knowledge of Collateral Management
• Previous experience in Back Office and/or Settlements

Niveau d'expérience minimum

3 - 5 ans

Compétences recherchées

• Management and Reporting
• Reports to the Head of Treasury and Repo Trading Support MO

Key Internal contacts

• Front Office, Middle Office, Back Office, Settlements, IT Support, Referential Data, Risk and Market Activity Monitoring teams

Key External contacts

• External Clients, Interbank, Broker/Dealers, SPV, Trustee

SPECIAL ROLE REQUIREMENTS: Participation in BCP planning and testing

Competencies Required:

• Rigor and sense of organization
• Autonomy
• Capacity to cooperate / Ability to work across multiple disciplines
• Strong technical and analytical skills
• Ability to analyze and communicate findings to management
• Good relationship building and ability to communicate clear and concisely
• Sensitivity to operational risk
• Work well under pressure

Competencies Desired:

• Proactive and dynamic

Skills & Knowledge Requirements:

• Fluent in English
• Comfortable with learning new applications
• Strong understanding of Excel

Preferred:

• Knowledge of VBA/Macros
• French is a plus

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