Summary
Rapidly Growing Broker Dealer in NYC seeking Operations Associate to support both Broker Dealer & Newly Launched Asset Management businesses.
Company Information:
About the Company:
• Boutique International Investment Bank, Broker Dealer, & Asset Manager
• 20+ Years in Business
• Very stable work environment
• Focus on structured credit
• Global offices
• Tight knit, team oriented work environment
• Office in Midtown, NYC
• Great hours!!
• Gym discounts, seamless meal plan, work sponsored events, philanthropic opportunities
• Very competitive benefits!
Job Description:
The role will report into the COO, work on a small team, and provide a ton of exposure across the business and to different internal and external teams.
The role will provide trade and operational support to over 40 lines of business. It will specifically support the Firm’s Residential and Commercial Mortgage-Backed Securities desks. The team works closely with the MBS desks on daily trading activity, securitizations, re-securitizations, repo financing, bespoke financing facilities, and portfolio hedging. The MBS strategies are some of the Firm’s most complex areas, relying on a high-performing team of Operations professionals to support the business needs.
Responsibilities:
• Provide trade support to structuring, trading and sales teams on new issue & secondary trading of CLOs/CDOs
• Manage client on-boarding/account opening process
• Input, confirm and oversee settlement of trades
• For new issue CLOs, obtain CUSIPs, TRACE and DTC eligibility
• Set-up deals on Bloomberg
• Liaise with counterparties on Subscription documents;
• Participate in DTC closing calls
• Maintain trade & commission blotters
• Assist Finance team in reconciliation of P&L discrepancies
• Ensure regulatory reporting requirements are met
• Establish and maintain relationships with operations & middle office contacts at counterparties
• Assist with ad hoc projects, as needed
Requirements / Qualifications:
• Bachelor’s Degree
• 3-8 years of middle office experience
• Exposure to fixed income products
• Ability to take initiative with not a lot of hand holding
