Rates Trade Assistant

Nextera Search; New York (NY); On-site; USD 85,000 - 110,000; Full time

Job summary

Nextera Search Group is seeking an experienced Rates Trade Assistant in New York City. The role supports trade capture, post-trade processing, and reconciliation, working with traders and internal teams to resolve discrepancies and improve processes.

You will prepare daily P&L and position reports, coordinate with technology to automate workflows, and document procedures for growing trading activity. Strong analytical and communication skills are essential.

Qualifications

• Bachelor's degree in Finance, Economics, or related field required.
• 3-5+ years in rates trade support or middle office, preferably at a bank or broker-dealer.
• Working knowledge of linear interest rate products (govt bonds, swaps, futures).
• Experience with trade capture and booking systems; ability to work with technology teams.

Responsibilities

• Support trade capture and post-trade processing including booking, amendments, allocations, confirmations, and settlement follow-up.
• Reconcile trades and positions, investigate discrepancies, coordinate resolution with internal teams and counterparties.
• Monitor risk and position data exceptions; assist traders with execution-related requests and daily inquiries.
• Prepare daily P/L and position reports and explain material changes to traders.
• Test system enhancements with Technology and help automate manual processes to reduce risk.
• Develop procedures to support new trading activity and higher volumes.
• Coordinate with internal stakeholders on trade inquiries, reporting requests, and special projects.

Skills

Analytical skills

Problem solving

Attention to detail

Communication skills

Learning agility

Ownership mindset

Education

Bachelor's degree in Finance/Economics or related field

Tools

Trade capture systems

Post-trade systems

Risk/position data tools

Job description

A Financial Services Firm based in New York City is seeking an experienced professional to join their team as a Rates Trade Assistant.

Responsibilities

• Support trade capture and post-trade processing, including booking, amendments, allocations, confirmations, and settlement follow-up.
• Reconcile trades and positions, investigate discrepancies, and coordinate resolution with internal teams and counterparties.
• Monitor exceptions in risk and position data and assist traders with execution-related requests and daily inquiries.
• Prepare daily P&L and position reports and help explain material changes to traders.
• Partner with Technology to test system enhancements and automate manual processes to reduce operational risk.
• Develop and document procedures to support new trading activity and accommodate higher volumes.
• Coordinate with internal stakeholders on trade inquiries, reporting requests, and special projects.

Qualifications

• Bachelor's degree in Finance, Economics, or a related field required.
• 3-5+ years of experience in rates trade support or middle office, preferably at a bank or broker-dealer.
• Working knowledge of linear interest rate products, including government bonds, interest rate swaps, and futures.
• Experience with trade capture and booking systems and working with technology teams on system or process improvements.
• Strong analytical and problem-solving skills with close attention to detail.
• Clear communication skills and the ability to manage competing priorities under tight deadlines.
• Ability to learn new workflows quickly, take ownership of issues, and follow through to resolution.