At a Glance
- Tasks: Support Portfolio Managers by ensuring timely trade capture and resolution of queries.
- Company: Dynamic financial firm in London with a focus on innovation.
- Benefits: Competitive salary, career development opportunities, and a collaborative work environment.
- Other info: Opportunity to work with senior stakeholders and improve operational processes.
- Why this job: Join a fast-paced team and make a real impact in the trading world.
- Qualifications: Experience with traded products and strong interpersonal skills required.
The predicted salary is between 36000 - 60000 £ per year.
The Trade Support Specialist will be responsible for providing support to both the Portfolio Managers and other internal teams, ensuring all trades are captured and affirmed in a timely manner. The role will have exposure to all asset classes traded at Millennium, including interest rate derivatives, credit, bonds, F&O, FX products (both cash and derivatives), as well as all equity products.
Principal Responsibilities
- Working with Portfolio Managers and other internal teams in automating and streamlining existing processes to aid in the reduction of operational risk and increasing the speed and efficiency of the trade capture process.
- Ensuring that the Middle Office provides a timely and high standard level of service to our stakeholders, supporting the business with ever-changing business initiatives and demands.
- Monitoring and timely clearance of trade exceptions generated by new executions.
- Monitoring and timely resolution of queries sent from Portfolio Management teams and our counterparties.
- Working with both onshore and offshore teams, and with our counterparties to match and resolve economic breaks for a range of asset classes.
- Ensuring that the risk on all trades or products that do not go through an electronic platform has been addressed and mitigated.
- A level of support is required on T+1 to remediate any issues from the previous day, conducted in a timely manner with impacted parties informed.
- Escalation to line manager, Operational risk, and the wider management team of failures in the process or potential issues that could create an erroneous P&L event for the firm.
- Ensuring a clear handover of tasks and responsibilities to each region as the MO operates a ‘follow the sun’ model.
- The primary focus of the Middle Office Trade Support team is to support the Portfolio Managers as and when they are trading, while also working with all other teams in the firm to ensure accurate and timely capture of trades every day.
- Identify and document pain points/process weaknesses within respective areas, and take steps to remediate through delivery of remediation initiatives, including stakeholder buy-in and engagement, syndication and sign-off of business cases, end-to-end project planning, delivery to plan and status reporting, and escalation of risks/issues.
- Proactively identify, assess and document risks within your area, and propose process and control improvements to mitigate them, keeping the Operational Risk department informed of any findings.
Skills and Experience Required
- Previous experience with traded products.
- Familiarity with a high-paced working environment and an aptitude for prioritising multiple deliveries.
- Strong market understanding and familiarity with industry and regulatory change.
- The ability to balance working autonomously and collaborating as part of a team, managing project deliveries alongside BAU requirements.
- Strong interpersonal skills are essential, involving daily interaction with senior stakeholders across the firm.
- Familiarity with industry standard systems such as MarkitWire, Markit Trade Manager, Bloomberg, and Murex is beneficial.
Trade Support Specialist in London employer: Millennium Management
As a KDB Developer - Equities, you will join a dynamic front office team that thrives on innovation and collaboration, working in a fast-paced environment that values your contributions. Our company offers a supportive work culture with ample opportunities for professional growth, mentorship from experienced developers, and the chance to work on cutting-edge technology platforms that are pivotal to our trading operations. Located in a vibrant financial hub, we provide a unique opportunity to engage directly with investment professionals while enjoying a competitive benefits package and a commitment to work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Support Specialist in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those who work at Millennium or similar firms. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of traded products and market trends. We want you to be able to discuss interest rate derivatives and FX products confidently, so do your homework!
✨Tip Number 3
Showcase your problem-solving skills! Be ready to share examples of how you've identified and tackled process weaknesses in previous roles. This will demonstrate your proactive approach to operational risk.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are genuinely interested in joining our team.
We think you need these skills to ace Trade Support Specialist in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Support Specialist role. Highlight your experience with traded products and any relevant systems like Bloomberg or MarkitWire. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about trade support and how you can help us streamline processes. Be specific about your past experiences and how they relate to the role.
Showcase Your Interpersonal Skills:Since this role involves daily interaction with senior stakeholders, make sure to highlight your strong interpersonal skills in your application. We love candidates who can communicate effectively and work well in a team!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. We can’t wait to hear from you!
How to prepare for a job interview at Millennium Management
✨Know Your Trade Products
Make sure you brush up on your knowledge of the various asset classes mentioned in the job description, like interest rate derivatives and FX products. Being able to discuss these confidently will show that you're not just familiar with the terminology but also understand their implications in a trading environment.
✨Demonstrate Process Improvement Mindset
Prepare examples of how you've previously identified pain points in processes and successfully implemented improvements. This role is all about streamlining operations, so showcasing your proactive approach to enhancing efficiency will definitely impress the interviewers.
✨Showcase Your Interpersonal Skills
Since this position involves daily interactions with senior stakeholders, practice articulating your thoughts clearly and confidently. Think of scenarios where you've effectively communicated with different teams or resolved conflicts, as this will highlight your ability to collaborate and build relationships.
✨Familiarity with Industry Tools
If you have experience with systems like MarkitWire or Bloomberg, be ready to discuss how you've used them in past roles. If you're not familiar with these tools, do a bit of research beforehand to understand their functionalities, as this will demonstrate your commitment to getting up to speed quickly.
