Operations, FICC, Associate /Vice President

BTIG Limited; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

An established industry player is seeking an Operations Associate/Vice President to enhance its FICC Operations team. This pivotal role involves supporting Fixed Income trading activities, ensuring compliance with settlement cycles, and collaborating with trading desks to resolve discrepancies. The ideal candidate will bring over three years of middle/back office experience, particularly in Fixed Income and Structured Products. A strong command of Bloomberg TOMS and excellent Excel skills are essential. Join a dynamic environment where your contributions will directly impact the efficiency of trading operations and help drive the success of the firm.

Qualifications

• 3+ years of experience in Middle/Back Office at a financial institution.
• Proficient in Microsoft applications, especially Excel for reporting.

Responsibilities

• Real-time support of Fixed Income trade activity and settlement.
• Coordinate Syndicated Loan and Private Equity settlement processes.

Skills

Middle/Back Office Experience

Bloomberg TOMS

DTCC ALERT and CTM Knowledge

Excel Skills for Data Analysis

Communication Skills

Ability to Work Under Pressure

Education

Bachelor’s Degree

Tools

S&P’s Clearpar System

Job description

Operations, FICC, Associate /Vice President

New York, New York, United States

Job Purpose:

The role provides the opportunity to make an important contribution to the FICC Operations team. The candidate will be responsible for middle and back-office functions in support of the firm’s Fixed Income Credit and Structured Products Trading Desks.

Duties & Responsibilities:

Real time support of Fixed Income trade activity, including but not limited to:

• Comply with T+1 settlement cycle mandates in accordance with SEC Rule 15c6-2
• Confirm and allocate trades
• Collaborate with trading desks and firm counterparties to address and resolve trade discrepancies
• Open client DVP/RVP accounts and ensure settlement instructions are up to date
• Collaborate with firm counterparties and custodians to promptly resolve aged fails and unaffirmed trades
• Monitor position reports intra-day to identify any REGS/144A securities that require conversion and instruct accordingly
• Assist in EOD reconciliation of trading P&L and the firm’s daily closeout procedures
• Escalate and assist in resolving operational risks to the firm (ie. Regulatory Notifications, Buyins and Margin Calls)
• Oversee daily and monthly trade, positions, and P&L reconciliations

Coordinate Syndicated Loan / Private Equity / Bank Debt settlement:

• Produce customized trade recaps
• Trade input and settlement management via S&P’s Clearpar system
• Liaise with internal counsel, compliance, business heads and traders in the management of the post trade process involved with closing private transactions.
• Produce internal funding memos and coordinate with finance for money movements involved in the closing of private transactions.

Requirements & Qualifications:

• Bachelor’s Degree
• 3+ years of Middle/Back Office experience at a buy side or sell side financial institution, with a focus on supporting Fixed Income and Structured Product securities
• Prior experience with Bloomberg TOMS
• DTCC ALERT and CTM knowledge
• Ability to work under pressure and prioritize tasks in a fast-faced, deadline-driven environment
• Self-motivated approach to work and superior attention to detail.
• Excellent written and verbal communication skills.
• Proficient in the Microsoft suite of applications with strong Excel skills for data analysis and reporting
• Must be authorized to work full time in the U.S., BTIG does not offer sponsorship for work visas of any type
• No phone calls please, the applicant will be contacted within two weeks if successful

About BTIG:

BTIG is a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services. With an extensive global footprint and more than 700 employees, BTIG, LLC and its affiliates operate out of 20 cities throughout the U.S., and in Europe, Asia and Australia. BTIG offers execution, expertise and insights for equities, equity derivatives, ETFs and fixed income, currency and commodities. The firm’s core capabilities include global execution, portfolio, electronic and outsource trading, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status. BTIG is an equal opportunity employer Minorities/Females/People with Disabilities/Protected Veterans/Sexual Orientation/Gender Identity.

Compensation:

• BTIG offers a competitive compensation andbenefits package . Salary range is based on a variety of factors including, but not limited to, location, years of applicable experience, skills, qualifications, licensure and certifications, and other business and organization needs.
• The current estimated base salary range for this role is $90,000.00 - $130,000.00 per year. Please note that certain positions are eligible for additional forms of compensation such as discretionary bonus or overtime.

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BTIG, LLC (“BTIG”) is an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ethnicity, religion, creed, national origin, ancestry, genetics, sex, pregnancy or childbirth, sexual orientation, gender (including gender identity or nonbinary or nonconformity and/or status as a trans individual), age, physical or mental disability, marital, parental and/or familial status, veteran status or any characteristic protected under applicable law. All employment decisions are based on business need, qualifications and merit.
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