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- Tasks: Support Portfolio Managers by ensuring timely trade capture and resolving queries.
- Company: Dynamic financial firm in London with a focus on innovation.
- Benefits: Competitive salary, career development opportunities, and a collaborative work environment.
- Why this job: Join a fast-paced team and make an impact in the finance industry.
- Qualifications: Experience with traded products and strong interpersonal skills required.
- Other info: Opportunity to work with senior stakeholders and enhance your market knowledge.
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 and FX products (both cash and derivatives), as well as all equity products.
Principal Responsibilities
- Work with Portfolio Managers and other internal teams to automate and streamline existing processes to reduce operational risk and increase the speed and efficiency of the trade capture process.
- Oversee broader T0 tasks, ensuring the Middle Office provides a timely, high-standard level of service to stakeholders and supports evolving business initiatives.
- Monitor and clear trade exceptions generated by new executions in the Trade Queue.
- Resolve queries sent from Portfolio Management teams and counterparties via the Middle Office Inboxes.
- Collaborate with onshore and offshore teams and counterparties to match and resolve economic breaks for a range of asset classes in Electronic Affirmation.
- Identify and mitigate risks on non-electronic trades.
- Provide T+1 support to remediate issues from the previous day and inform impacted parties.
- Escalate failures and potential issues to line manager, Operational Risk and wider management to avoid erroneous P&L events.
- Ensure clear handover of tasks and responsibilities under the Middle Office follow-the-sun model.
- Support the Portfolio Managers during trading and work with all other teams to ensure accurate, timely capture of trades every day.
- Identify and document process weaknesses, lead remediation initiatives, secure stakeholder buy-in, sign off business cases, plan, deliver projects, report status, and manage risks.
- Proactively identify risks, propose improvements, and keep the Operational Risk department informed of findings.
Skills And Experience Required
- Previous experience with traded products.
- Familiar with a high-paced working environment and able to prioritize multiple deliveries.
- Strong market understanding and awareness of industry and regulatory change.
- Ability to balance autonomous work with team collaboration, and manage project deliveries alongside BAU requirements.
- Strong interpersonal skills; 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 employer: Millennium
Contact Detail:
Millennium Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Support Specialist
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those who work in trade support or related roles. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Get your hands dirty with some practical experience. If you can, volunteer for projects or internships that give you exposure to trade processes. This will not only boost your CV but also give you real-world examples to discuss in interviews.
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of asset classes and trade support processes. Be ready to discuss how you would handle specific scenarios, like resolving trade exceptions or collaborating with teams.
✨Tip Number 4
Don't forget to apply through our website! We love seeing applications from motivated candidates who are eager to join our team. Make sure your application stands out by showcasing your relevant skills and experiences.
We think you need these skills to ace Trade Support Specialist
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 skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our needs. We love seeing enthusiasm and a clear understanding of what we do at StudySmarter.
Showcase Your Skills: Don’t forget to showcase your strong interpersonal skills and ability to work in a high-paced environment. Mention any experience you have with industry-standard systems like Bloomberg or MarkitWire, as this will definitely catch our eye!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. We can't wait to hear from you!
How to prepare for a job interview at Millennium
✨Know Your Products
Make sure you brush up on your knowledge of the various asset classes mentioned in the job description. Understanding interest rate derivatives, credit, bonds, and FX products will show that you're serious about the role and can hit the ground running.
✨Demonstrate Process Improvement Mindset
Be prepared to discuss how you've automated or streamlined processes in previous roles. Think of specific examples where you reduced operational risk or improved efficiency, as this aligns perfectly with what they’re looking for.
✨Showcase Your Interpersonal Skills
Since you'll be interacting with senior stakeholders, practice articulating your thoughts clearly and confidently. Share experiences where you successfully collaborated with teams or resolved conflicts, as this will highlight your strong interpersonal skills.
✨Prepare for Scenario Questions
Expect questions about how you would handle trade exceptions or economic breaks. Think through potential scenarios and how you would approach them, demonstrating your problem-solving skills and ability to manage risks effectively.
