Trading Assistant

Caxton Associates; City Of London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A global trading and investment firm is seeking a Trade Assistant with at least 3 years of operations experience to manage trade bookings and collaborate with teams for smooth settlements. The ideal candidate will have a strong understanding of financial markets, particularly OTC derivatives, and demonstrate high ethical standards. This role is a 5-day in-office position located in London.

Qualifications

• Minimum 3 years of trade assistant or operations experience.
• Sound understanding of financial markets and products, especially OTC Derivatives.
• Operates with high ethics and integrity.

Responsibilities

• Responsible for booking trades accurately in the internal risk system.
• Collaborate with Middle Office to ensure smooth trade settlement.
• Manage OTC Option expiries and run P&L reconciliations.

Skills

Trade booking

Operational risk management

Communication

Analytical skills

Programming knowledge (VBA, SQL)

Education

Degree in a numerate discipline

Tools

FIX

Various financial instruments

Job description

About Caxton Associates

Caxton Associates, founded in 1983, is a global trading and investment firm with offices in London, New York, Monaco, Singapore and Dubai. Caxton Associates’ primary business is to manage client and proprietary capital through global macro hedge fund strategies. Assets are managed via a broad mandate to trade in a variety of global markets and instruments.

Responsibilities

• Responsible for the accurate booking of trades in our internal risk system. Ensure FIX Orders trade blotter is clean and that all execution trades are booked.
• Process internal trade moves and book transfers for the Portfolio Managers.
• Collaborate with Middle Office team to ensure smooth settlement of all trades.
• Manage all OTC Option expiries.
• Work with wider teams in the firm to conduct testing in preparation for upgrades to the internal risk system.

Trade Life Cycle

• Book trades, ensure timeliness and accuracy. Monitor and allocate trades in FIX blotter.
• Confirm PV and fees for swap collapses via third party pricer.
• Double check any exotics booked across firm ensuring all terms and features are reflected correctly.
• Primary point of contact to deal with operational queries when they need input from trading.
• Trade moves, ad-hoc tasks and reports.

Portfolio Management

• Run flash P&L rec to catch any mis-bookings.
• FX rolls, daily residuals, late prior day trades. Liaise with Operations and keep desk informed.
• Repos: be on top of financing requirements T0. Communicate to desk, act as go between for MO and trading.
• Futures expiries cash v physical, point person between desk and middle office to ensure all such events are managed and desk is aware.
• OTC expiries.
• Screen for boxed positions between custodian, cash v CFD. Reconcile breaks arising from operations reconciliations.

Qualifications

• Degree qualified, degree(s) in a numerate discipline.
• Minimum 3 years\' trade assistant /operations experience.
• Sound understanding of financial markets and different financial products, specifically OTC Derivative instruments.
• An excellent knowledge of operational risk and risk mitigation, technology, process and controls.
• Knowledge of VBA, SQL or other programming languages advantages.
• Cross asset class experience is preferred: FI, FX, Credit, Rates, Equities.
• Operates with the highest degree of ethics and integrity.

This is a 5-day in office role.