Equity Middle Office - Cash Prime Brokerage (Associate)

Job description

• Equity Middle Office - Cash Prime Brokerage (Associate)
• London
• Full-Time
• Permanent

Tasks

• Supporting processes across the three shifts in London and at the CDM in the cash equity markets
• Ensuring accurate reporting of fund transactions on Bloomberg
• Monitoring of settlement and trade processing activities carried out by the team in Mumbai
• Settlement of trades through 4 clearing houses (CASS, CCTS, T2, NSCC)
• Verifying that the entries in Prime Brokerage and various other reporting systems are correct
• Verification of the accuracy of positions in relation to settlements
• Review and query of all unresolved items/balances
• Request from Middle Office and Investment Operations to Correct Errors
• Creating spreadsheets to document items, monitor, and track them
• Development of systems based on customers' business needs
• Collaborate with Investment Operations System teams around the world on system improvements to reduce the overall cycle time
• Working efficiently to meet the T+3 daily settlement cycle
• Monitoring of Trade Processing in the CDM System
• Supporting the cash prime brokerage business at a satisfactory level with prime brokers and a fee-based trading desk
• Support the PM with client billing and assist the front and middle offices to ensure that trading records and statements are maintained
• Monitoring payments and collections through the third-party custodial accounts linked to the PMs, as well as coordinating with the trading and operations teams around the world
• Resolving customer issues in a timely, empathetic, and service-oriented manner
• Ensuring that the necessary measures are taken to address deficiencies, weaknesses, and vulnerabilities in the processes
• Collaborating with various teams to improve the current product lineup
• Ensuring that payments and receipt of funds are processed within the specified timeframes
• Collaborate with the Business Operations Team to resolve reconciliation items
• Conducting the analysis and interpretation of financial data to perform management tasks as specified by the business
• Support for department-specific management projects and key projects
• Ensuring compliance with all relevant corporate governance and best-practice guidelines
• Identifying risks and communicating them to the appropriate individuals
• Ensuring accurate records of daily operations, including all significant events
• Ensuring that all core trading data is accurately transferred into the systems
• Ensuring that trade custodians are tracked and documented
• Ensuring that transactions (credits/debits) are posted correctly in the systems
• Supporting the Prime Brokerage team in their day-to-day operations
• Support for trading operations within the prime brokerage business
• Ensuring that all customer fees are accurately recorded and reported
• Support for the operational processes of the prime brokerage business
• Ensuring that all data is accurate and complete