Credit Trading Assistant (Hybrid)

Job DescriptionJob DescriptionWe are looking to full this Credit trading assistant role with one of our direct foreign investment banking clients . The is a great long term opportunity with a great company and the hiring manager is looking to move quickly.

This role is 3 days Hybrid and the client is looking for someone who can work 50% onsite.

Position- Credit trading assistant

Location Chesterbrook PA (Hybrid – 50%)

Top 3 Skills for Position

1. Previous support and knowledge of credit products (Corp Bonds, CDS, Index, and Structured trades).
2. Knowledge of Credit trade lifecycle events
3. Ability to multi-task

Global Markets

Role & responsibilities

Risk/Position Monitoring

• Understanding of how to monitor trading positions and risks for accuracy throughout the day.
• Coordinate lifecycle events with designated Sales/Trading Desks to ensure deals are properly reflected in Risk.
• Contribute daily P&L estimates, produce risk explain, and investigate discrepancies with Official P&L produced by Middle Office.

Analytical and Operational Support to PCM Trading Desks

• Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank's risk/position is updated real-time and applicable regulatory obligations (Dodd Franck, EMIR, Client, etc) are met.
• Resolve all internal queries from the Trading desk or various Partner Functions (IT, Middle & Back Offices, Legal, Risk...) on client transactions executed by Desk.
• Strong understanding of Post Trade Processes (Corp Actions, Succession Events, and Option Expiries) to be able to fully support/execute each request without supervision.
• Maintain proper documentation of the Front Office operational processes.
• Follow-up with relevant departments to ensure all aspects related to post-trade processing (incl. trade confirmations, Risk/P&L, clearing/settlements) are successfully handled vis-a -vis of the clients. Ensure outstanding issues are properly raised to sales/trading and monitored until resolved.
• Resolve internal queries from the Trading desk or various Partner Functions

Process & Client Services Improvements

• Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.
• In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.
• Improve PCM IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.

Required Education and Experience

• Bachelor's degree or foreign education equivalent in Finance, Economics, or Mathematics.
• Minimum of two years of experience in a Front or Middle Office Trade Support role within Global Markets.

Essential Skills/Competencies :

• Demonstrated knowledge in US PCM Markets and its industry infrastructure.
• Very strong expertise in trade booking, validation, market lifecycle events, settlement and confirmation process for PCM products; including Corporate Bonds, CDS, Index, and Structured Trades.
• Working understanding of the applicable regulations (EMIR, Dodd Frank, Client, FATCA...).
• Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes.
• Good knowledge of system architecture (front to back workflow, pricers and risk management systems) for PCM products.
• Demonstrated commercial and collaborative attitude.
• Excellent communication skills (both written and verbal), including in client communication.
• Analytical mindset and problem solving.
• Very strong multi-tasking capability.
• Attention to detail.
• Ability to work well under pressure.

Client Registrations Required :
Series 7 and 63