Trading Operations Analyst

TCX; Amsterdam; On-site; EUR 45,000 - 60,000; Full time

Benefits offered by this job

Competitive salary

Supportive work environment

Job summary

A development finance initiative in Amsterdam is seeking a Trading Operations Analyst. The role involves administration of portfolio data, ensuring accurate trade execution, and managing data relationships. Candidates should possess at least one year of experience in financial markets, a bachelor's degree in economics or business administration, and strong analytical skills. Familiarity with SQL and a collaborative attitude are essential. The company offers a competitive package and a supportive work environment.

Qualifications

• Minimum experience of 1 year in financial markets, particularly in derivatives.
• Proficient in English with strong writing skills.

Responsibilities

• Ensure timely and accurate booking and administration of transactions.
• Actively manage and capture information from trade processes.
• Prepare and distribute reports for internal and external stakeholders.

Skills

Analytical skills

Attention to detail

Proactive attitude

Team player

Education

Bachelor’s degree in economics or business administration

Tools

MS Office

SQL

Job description

Job title:

Trading Operations Analyst

Job level:

Analyst

Reporting line:

Head of Trading. You will become a part of the trading team.

Background:

TCX is an impact-focused fund working in the space of development finance. TCX’s mission is to protect borrowers in developing countries by taking on currency risk that comes with hard currency financing. The Fund offers financial instruments to hedge currency risk exposure (cross‑currency swaps and forwards) when there are no or insufficient commercial alternatives available. Since its inception in 2007, TCX has de‑risked over USD 15 billion in development lending.

The Fund is going through an exciting expansion phase as the demand for currency risk protection is growing, the investor base is broadening, and innovative activities are developed. The Fund is managed by a relatively small, motivated and international team based in Amsterdam, The Netherlands.

Primary responsibilities:

The Trading Operations Analyst is responsible for the correct administration of the TCX portfolio’s data, timely and correct execution of valuation related processes and various reporting lines to both internal and external stakeholders. The managing of external relationships for data delivery. Moreover, the Trading Operations Analyst is responsible for ensuring the correct administration of front office data storage and development efforts in this area.

The Trading Operation Analyst’s responsibilities include:

1. Trade Administration & Operational Control

• Actively manage and capture information requirements arising from trade processes, collecting relevant data from traders and external counterparties and administering this accurately in internal booking and IT systems.
• Ensure timely and accurate booking and administration of transactions and proactively follow up on discrepancies between front and back office.
• Monitor the collateral exchange process and resolve potential valuation discrepancies with external counterparties.
• Represent the Trading team in system‑related discussions, test new developments in the back‑office system, and formulate user requirements for enhancements.

2. Valuation Process Support & Control

• Act as the leading support person to the Front Office in internal valuation processes by actively monitoring the valuation curve construction process and performing regular checks and balances to ensure integrity of market‑related data.
• Align valuation curves to observable mid‑market rates and perform validation checks on approved valuation curves.
• Maintain and update the valuation curve construction manual to ensure documentation remains accurate and current.
• Serve as secretary of the Valuation Committee, preparing and distributing agendas, minuting meetings, and proactively coordinating agenda items with the committee chair and relevant teams.
• Interact closely with Front Office Business Risk and Risk Management to ensure valuation governance and control.

3. Data Management & External Data Oversight

• Take responsibility for front‑office data management and lead efforts to ensure proper storage, accessibility, and quality of relevant trading data.
• Manage the relationship with key external data provider OGR, including overseeing monthly data deliveries and acting as first line of defense in data quality checks.
• Organize and coordinate monthly calls between OGR and the Trading team.
• Contribute to the development and implementation of new data initiatives, including active storage and management of market data.

4. Reporting & Liquidity Monitoring

• Prepare and distribute reports for internal stakeholders and TCX counterparties, including the portfolio redemption profile, the monthly TCX pricing newsletter, and valuation and pricing curve reports.
• Monitor and update the company’s live liquidity position data and report daily to relevant teams.
• Support alignment between Trading, Risk, Business Risk, and Back Office by ensuring reporting accuracy and consistency across systems.

Qualifications

Background and experience:

• Minimum experience of 1 year in financial markets with any experience in fixed income derivatives in either a back office or mid office is required.
• Bachelor’s degree in any economic related studies such as economics, business administration or another relevant field.

Competenties:

• This is a position that requires excellent analytical and written skills.
• The ideal candidate is well organized, proactive and has great attention to detail. Delivering on short notice can be required and therefore the candidate must be able to work with tight deadlines.
• The candidate would be working in a small team and therefore being a good team player is essential.

Languages:

• Proficient in English with strong writing skills.
• Solid grasp of the MS Office suite notably Word and Excel, good knowledge of IT systems/issues generally and able to work with large datasets. Any database experience such as SQL or automation knowledge is a plus.

About TCX

Name:

TCX Investment Management Company B.V. (TIM) www.tcxfund.com.

Description:

TIM is the exclusive investment manager of The Currency Exchange Fund N.V.

TCX is a development finance initiative focusing on the provision of long‑term currency risk solutions for emerging and frontier markets. TCX offers hedging instruments to development finance institutions, multilateral development banks and other international investors that provide long‑term financing to borrowers in developing countries. TCX was established in 2007 and currently runs a global swaps portfolio of over USD almost 10 billion (gross notional value), with the ambition to grow significantly over the next 5 years.

TCX operates a sustainable double bottom line, contributing to development impact whilst generating a modest positive return. The Fund has a capital base of around USD 2 billion provided by 20+ development finance institutions, microfinance investors and governments. These include IFC, EIB, EBRD, KfW and FMO as well as the governments of the Netherlands, Germany, Switzerland, France and the UK. TCX is also supported by the European Commission.

TIM currently has about 50 employees, including a 4‑person Executive Committee (CEO, CIO, COO, CRO). The culture is informal, collaborative, and highly diverse. The team adheres to and is driven by five organizational values: one team, respect, drive, care and trust.

We offer a competitive package and a diverse, supportive work environment.

Please note that this position is only open to candidates currently residing in The Netherlands.