Fixed Income Ops & Trade Lifecycle Associate | Hybrid NYC

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

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.