Trade Services Analyst/Associate

ICAP Management Services Ltd, Philippine Branch; Taguig; Hybrid; PHP 600,000 - 900,000; Full time

Job summary

ICAP Management Services Ltd, Philippine Branch is seeking an Analyst, Trade Services to service APAC clients in post-trade and settlement operations. You will liaise with the Front Office and internal teams to ensure accurate processing, onboarding, and timely reporting across markets.

You will adapt to varying trading hours including Japanese or Sydney times, handle onboarding, data maintenance, and CSA requests while driving process improvements and STP initiatives.

Qualifications

• Some experience working in post-trade and settlement.
• Familiarity with sell-side and/or buy-side trading floor environments and support functions.
• Experience with middle and/or back-office processing systems.
• Willingness to work on public holidays whenever needed (on shift/rotation basis).
• Willingness to work Japanese or Sydney trading hours occasionally.
• Knowledge of on-exchange cash equities trading and settlement.
• Knowledge of Settlement lifecycle of APAC markets.
• Strong verbal and written skills for communicating with internal/external clients.
• Quick learner, enthusiastic.

Responsibilities

• Perform Client onboarding process, and static data maintenance.
• Ensure timely and accurate processing of client trades and onward submission to the custodian providing operational support to all members.
• Perform pre-matching with both market and client counterparties.
• Managing monthly commission claim and reconciliation in different markets.
• Collect and allocate trades, internal processing of trades (issuance of confirmations and uploading trades to the clearing bank).
• Identify and resolve workflow issues and liaise with internal/external departments and clients to communicate resolution of outstanding issues, ensuring escalation to immediate manager.
• Daily/Monthly Trade, Tax and Regulatory reporting to Exchanges and Regulators.
• Create and update various statistics for members (trade allocations, pre-match rates/fail rates etc.).
• Initiate new procedures and solutions to improve productivity, system enhancements and increase STP.
• Take responsibility for your assigned department projects, (UAT, system enhancements etc.).
• Ensure all daily/weekly/monthly reconciliations are completed in a timely manner in order to produce reports to management.
• Managing CSA (Commission Sharing Agreement) requests with other internal departments and clients

Skills

Post-trade experience

Trading floor familiarity

Back-office processing

Shift work availability

Japanese/Sydney hours flexibility

APAC settlement knowledge

Strong communication

Quick learner

Education

Tools

DTCC CTM platform

Job description

Group Overview

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About Liquidnet

Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need.

Role Overview

This position is responsible for servicing primarily APAC clients, both in domestic and international markets and acting as back up for Australian domestic clients. In this equity Trade Services role, you will liaise with the APAC institutional client base in the post-execution (Operations) area and the Front Office (Sales Trading) team to ensure that client delivery is of a high quality. As such, you must possess excellent client service & communication skills, and a confident manner to effectively manage internal/external client expectations and deliver quality services.

The Trade Services Team in Asia has representatives in Sydney, Tokyo and Hong Kong.

Role Responsibilities

• Perform Client onboarding process, and static data maintenance
• Ensure timely and accurate processing of client trades and onward submission to the custodian providing operational support to all members
• Perform pre-matching with both market and client counterparties
• Managing monthly commission claim and reconciliation in different markets
• Collect and allocate trades, internal processing of trades (issuance of confirmations and uploading trades to the clearing bank)
• Identify and resolve workflow issues and liaise with internal/external departments and clients to communicate resolution of outstanding issues, ensuring escalation to immediate manager
• Daily/Monthly Trade, Tax and Regulatory reporting to Exchanges and Regulators
• Create and update various statistics for members (trade allocations, pre-match rates/fail rates etc.)
• Initiate new procedures and solutions to improve productivity, system enhancements and increase STP
• Take responsibility for your assigned department projects, (UAT, system enhancements etc.
• Ensure all daily/weekly/monthly reconciliations are completed in a timely manner in order to produce reports to management
• Managing CSA (Commission Sharing Agreement) requests with other internal departments and clients

Experience / Competences

Essential

• Some experience working in post trade and settlement
• Familiarity with sell-side and/or buy-side trading floor environments and support functions
• Experience with middle and/or back-office processing systems
• Willingness to work on public holidays whenever needed (on shift/rotation basis)
• Willingness to work Japanese or Sydney trading hours occasionally
• Knowledge and understanding of the on-exchange cash equities trading and settlement
• Knowledge of Settlement lifecycle of APAC markets
• Strong verbal and written skills for communicating with internal/external clients
• Quick learner, enthusiastic

Desired

• DTCC Alert and CTM platform knowledge (vendor systems)
• Fixed Income product knowledge
• Knowledge in multiple products

Job Band and Level

• Analyst, Trade Services (Level 4)
• Associate, Trade Services (Level 5)