Senior Trade Operations Associate

Our client a leading Broker based in the City are currently seeking a highly skilled Senior Trade Operations Associate to join their team. As a Senior Trade Operations Associate, you will provide operational support to brokers and ensure smooth trading operations on a daily basis. This is a permanent position that reports to the Head of Operations.

You will work as part of a team rotating through shift patterns covering the desk between 07.00 - 22.00

Experience in following asset classes and their trade lifecycle is essential: Futures and Options, Equities, Fixed Income, Commodities and Interest Rates

Responsibilities:

• Accurately and timely monitor and process topday trades, considering regulatory requirements, client, and company needs.
• Maintain and develop relationships with core service providers (including exchanges) and key client contacts (clearing counterparts with various clients).
• Report Equity, Fixed Income & F&O trades for MIFID purposes after completing reconciliations for the previous day.
• Respond promptly and professionally to queries from counterparties, brokers, and colleagues, ensuring resolution and chasing for trade input and settlement.
• Capture and maintain an accurate feed of energy trades and brokerage amounts for Topday confirmations.

Role Accountabilities:

• Supervise junior teammates to ensure day-to-day operations are completed efficiently.
• Handle exceptions and contingency situations, escalating to management as necessary.
• Collaborate with internal departments and liaise with external business counterparts, such as regulators, clearing participants, and system vendors, on operational issues.
• Ensure compliance with regulatory requirements and internal policies and procedures.
• Identify and implement process improvements to enhance efficiency and reduce risk.
• Process and reconcile daily settlements of Equity/Fixed Income trades.
• Communicate with internal and external stakeholders to ensure smooth and timely settlements.
• Support day-to-day BAU (business as usual) operations and communicate timely with stakeholders on any discrepancies.
• Participate in strategic and tactical projects with other Operations areas, IT, and management.
• Reconcile monthly trade and cash.
• Support and mentor colleagues, focusing on improving operations.

Qualifications and Skills:

• Proven experience in trade operations within the financial services industry, preferably in a brokerage or trading environment.
• Strong understanding of financial products, such as Equities, Fixed Income, and F&O, and their trade lifecycle.
• Knowledge of regulatory requirements, such as MIFID, and experience in reporting trades.
• Excellent communication and interpersonal skills to effectively interact with counterparties, brokers, and colleagues.
• Ability to supervise and mentor junior teammates, and handle exceptions and contingencies.
• Strong attention to detail and ability to work in a fast-paced environment.
• Proactive and self-motivated with a continuous improvement mindset.
• Ability to collaborate with internal and external stakeholders and work well in a team.

Personal Accountabilities:

• Reconcile monthly trade and cash.
• Contribute to the personal and team knowledge base and present improvements and beneficial knowledge in regular team meetings.
• Monitor nominal accrual accounts and ensure cross-revenue control.
• Maintain relationships with back-office system providers.
• Reconcile brokerage and execution business.
• Ensure accurate and timely distribution of P&L to brokers.
• Ensure all front, middle, and back-office systems are well-maintained, and relevant flow issues are corrected promptly, including client, contract, and market data.