Associate – Fixed Income Operations & Trade Lifecycle Support

Madison-Davis, LLC; New York (NY); Hybrid; USD 90,000 - 115,000; Full time

Job summary

Madison-Davis, LLC is seeking an Associate for Fixed Income Operations & Trade Lifecycle Support in a hybrid New York, NY setting. The role covers hands-on trade processing, break resolution, settlement oversight, and corporate action management across Credit, Rates, US Treasuries, MBS, Repo, and Prime Brokerage.

The ideal candidate has 3+ years of fixed income operations experience, strong product knowledge, and proficiency with standard fixed income operations and clearing systems.

Responsibilities

• Work closely with the Front Office to ensure accurate processing of all credit and rates trading activity; monitor and resolve customer unaffirmed trades, street-side breaks, and failed trades
• Research and resolve position breaks and allocation discrepancies; track, resolve, and UAT test issues or new projects across internal and vendor systems
• Monitor Bank Cash Screens including Fedwire and GSCC/FICC Clearing for US Treasuries
• Support all aspects of Fixed Income Prime Brokerage activities including customer cash projections, settlements, trade processing, and setup
• Review daily controls across credit and rates vendor systems; supervise and track all credit corporate bond conversion requests
• Work closely with counterparties and clearing firm contacts to support corporate credit trading and resolve settlement and corporate action-related breaks
• Understand and oversee team processes; identify areas for increased efficiency and contribute to process improvement initiatives
• Assume responsibility for handling transactions and resolving or recommending resolution to issues within area of expertise
• Ensure compliance with regulatory requirements under SEC, FINRA, NFA, CFTC, and applicable exchanges; adhere to the operational risk framework and SOX operational requirements relevant to the role
• Report policy breaches to Compliance and supervisors as required; escalate immediately; provide input to risk management processes as needed
• Demonstrate the highest standards of integrity and conduct in line with firm values and Code of Conduct at all times

Job description

Title: Associate – Fixed Income Operations & Trade Lifecycle Support

Office Status: Hybrid – New York, NY

Base Salary: $90k - $115k + Bonus

Overview:

This Associate-level opportunity sits within the Fixed Income Operations team of a well-established and rapidly growing global financial services platform, offering hands-on exposure across the full trade lifecycle for fixed income products spanning Credit, Rates, US Treasuries, MBS, Repo, and Fixed Income Prime Brokerage. The role combines daily operational execution (trade processing, break resolution, settlement oversight, and corporate action management) with active cross-training across business lines and a continuous improvement mindset. It's an ideal fit for a detail-oriented fixed income operations professional with 3+ years of experience who combines strong product knowledge across corporate bonds and US Treasuries with proficiency in industry-standard fixed income operations and clearing systems and the ability to manage multiple priorities effectively in a fast-paced, high-volume trading environment.

Key Responsibilities:

• Work closely with the Front Office to ensure accurate processing of all credit and rates trading activity; monitor and resolve customer unaffirmed trades, street-side breaks, and failed trades
• Research and resolve position breaks and allocation discrepancies; track, resolve, and UAT test issues or new projects across internal and vendor systems
• Monitor Bank Cash Screens including Fedwire and GSCC/FICC Clearing for US Treasuries
• Support all aspects of Fixed Income Prime Brokerage activities including customer cash projections, settlements, trade processing, and setup
• Review daily controls across credit and rates vendor systems; supervise and track all credit corporate bond conversion requests
• Work closely with counterparties and clearing firm contacts to support corporate credit trading and resolve settlement and corporate action-related breaks
• Understand and oversee team processes; identify areas for increased efficiency and contribute to process improvement initiatives
• Assume responsibility for handling transactions and resolving or recommending resolution to issues within area of expertise
• Ensure compliance with regulatory requirements under SEC, FINRA, NFA, CFTC, and applicable exchanges; adhere to the operational risk framework and SOX operational requirements relevant to the role
• Report policy breaches to Compliance and supervisors as required; escal... immediate; provide input to risk management processes as needed
• Demonstrate the highest standards of integrity and conduct in line with firm values and Code of Conduct at all times