Job Description

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• To perform trade validation for all daily Cash Equities booking and facilitate the downstream feeding for Settlement
• To perform as an independent control team to strengthen all the control within Global Market Operations
• To monitor HK traders short sell position and highlight positions accurately to ensure its funded in timely manner to avoid financial losses
• Perform Control reports and activities identifying trading violations on restricted currencies and Technical counterparties activities
• To perform day-to-day trade position reconciliation and analyze all the breaks arisen from the related reconciliation reports to ensure proper control and measure the associated risks on all outstanding breaks.

The team works closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.

Main drivers are client service quality, independent control, operational risk safety and cost efficiency.

Responsibilities

Direct Responsibilities

Position guarantee

Has the responsibility make sure positions are in line guarantee that positions in booking systems are correct.

Is the reference for position validation for PL, Process IT teams for migrations or rebooking at any time for trade support, front office, back office

Team is in charge of position controls uses all the reconciliations tools available.

The reconciliation is exhaustive done on a daily basis.

Assigned reports must be checked analyzed every day.

ROLES AND RESPONSABILITIES

Accountable for end-to-end transaction management lifecycle for their respective client coverage.

Trade capture, settlement exceptions and cash management.

Collaborate with various internal teams, such as trade processing, pre-matching, settlement and margin to process transactions and resolve any exceptions on a timely manner.

Respond and resolve client inquiries on a timely manner.

Perform root cause analysis for respective clients in order to increase straight through process flows.

Establish and maintain relationships with high profile hedge fund clients.

Work as part of the global team performing follow the sun hand offs to ensure a smooth global coverage for global clients.

Partner with account management teams to help on changing client behaviours where required to smother processes.

Collaborate with technology/support team to help identify internal and external facing technology improvement opportunities.

Deep understanding of UK client asset protection (CASS) and AMF custody rules (derived from MiFID).

Contribute in all control plan protocols according to the local operational risk policies.

The resource will be allocated to one of the areas of operation, high-level described below, although to be cross-trained end-to-end at one point of his/her mandate.

Break Analysis Associate 1 is responsible for

Making sure completion of assigned tasks of breaks, Communicating the breaks as soon as possible to the related teams (trade support, FO, BO) for action/correction

Providing a complete, detailed pertinent analysis to let the trade support immediately do the appropriate action/correction.

Trade Validation : Listed Securities OTC Vanillas

Listed Securities

Monitoring management of the task assigned in FO to BO trades for Asian listed stocks, warrants bonds

Reducing lead time improve the responsiveness for break analysis the related actions with Trading /other FOS teams

Should be single point of contact for task assigned with regards to Operational breaks position controls

Tasks embedded to fulfill those objectives

Broker Confirmations checking within the day

Trade reconciliation in Fire Calypso on T / Report fix breaks with Trading FOS teams

Validation of Fire reconciliation Feeding into Calypso - Exceptions management

Perform Breaks Validation in Intellimatch// Analysis follow up.

OTC Vanillas

Checking all OTC vanilla options trades are integrated in FO systems validate on T

Ensuring all SWS trades are booked in FO system are consistent

Reconciliations Improvements

Is constantly concerned by ensuring that reconciliation tools run correctly provide reliable results.

Making the reconciliation tools evolve to fulfill with production needs --> new systems, new products, and specific request from trade support.

Extending the global area of reconciliations in order to reduce operational risk where applicable.

Implementing/enhancing reconciliation tools to fit with trade support needs.

Transversal involvement

Is in charge of all reconciliation assigned is indeed involved in the process

Ensure all the STP process in place are performed efficiently effectively in a timely manner.

Take Initiatives, communicate with BO other PCA sites on the enhancement development of new products STP process

Completion of ORUS on Daily basis

Technical Behavioral Competencies

Technical Knowledge

• Strong Preference to have MS and programming skills (VBA, Excel, Access) would be a significant plus.

Skills and competencies

• Analytical mindset : Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office
• Organized good resistance to stress: E xcellent time management and good positive resistance to stress are compulsory.
• Attention to detail : Escalate in timely manner, highlight any abnormalities
• Innovation and initiatives (Think outside the box ) : Demonstrate willingness to constantly improve the status quo. Understand well the processes suggest innovative ideas.
• Self discipline autonomy : Have a constant delivery on time mindset, on the daily production.
• Adaptability Change Management : Ability to easily adapt to new situations (new booking systems, new products, new activities to manage ) as this is a constant changing environment
• Strong Client Focus : Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
• Escalation Reporting process : Internal rules of reporting and escalation to Ops and FO need to be known applied.

Specific Qualifications (if required)

• Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
• Strong Equity derivatives products knowledge including the F2B workflows and the product event management.

Skills Required: Analytica, LReconciliation, Back Office