The following job is no longer available:
Trainee - Listed Client Facing Middle Office Representative - Others - United Kingdom

Trainee - Listed Client Facing Middle Office Representative - Others - United Kingdom

Posted 25 April by eFinancialCareers
Ended
Competitive salary
London , South East England
Permanent, full-time
Be one of the first ten applicants
View all jobs
Description of the Business Line or Department

The Client Facing Middle Office (CFMO) team handles middle and back office functions for the(PSC and CORP) business lines, which include prime services, commodity clearing and global execution services.
The CFMO team manages the operational, administrative, financial market processing, and clearing for over 80 exchanges globally. The team is held to the highest of standards, ensuring the client requirements are prioritized equally against market exposure. In addition, the CFMO team guarantees the control and security of transaction processing in accordance with current financial legislation.

• The execution and clearing controls of all operations performed by FO and clients

• The first level of control on operations and "quality" certification

• Customer Relationship Management, KYC, and all support during the life cycle of client trading activity

• Keep clients informed of all regulatory changes impacting operations

Summary of the key purposes of the role

Client Facing Middle Office main responsibilities and tasks:

•To assist CFMO team on operational queries for Listed Derivatives and FX activity. This includes but is not limited to queries on trades and position management, client reporting, commissions and fees, any ad-hoc queries that may arise in the course of client's activity with SG

• Assist CFM team by monitoring and communicating with clients all trade life cycle events, e.g. allocations, breaks, transfers,

• Co-ordinate upcoming expiries for the team leads to ensure full client intentions are known leading up to expiry
  • Proactively keep track of physically delivered products at expiration; liaise with Deliveries teams to they have intentions for al physically deliverable contracts

• Assist team to manage client queries pertaining to trade life cycle and position reporting

• Monitor of key end of day controls to ensure that all risk are managed for that day's activity and that items are either resolved or pose no risk. If risk exists to escalate as required

• Work with teams and develop action plans for recurring incidents, prepare post-mortems as required

• Identify / analyse / rectify issues related to the flow of information and data into the relevant systems

• Alert Market Specialists of recurring allocation / booking issues which result from mapping or clearing system set-ups.

• Identify and resolve daily trade breaks and escalate as needed.

Assist the team in completing Account opening checklist and to ensure this has been signed off by all stakeholders ahead of go live

• Full understanding of the client reporting portal, able to navigate the portal and onboard clients to the portal where necessary

• Interact and support the SG front office through participation in forums such as business committees, client onboarding discussions and ongoing client profitability analysis

• Perform internal controls (GPS and Morse) in order to manage the key risk areas identified with specific checks created

• Continuous monitoring of key KPI to ensure that risks are being controlled appropriately and that trends are identified and worked on (market, client or process specific trends)

• Monitor operational risks (e.g. exceptions follow-up, pending trades, top day/historical). Ensure key risk items have been tracked, monitored and resolved daily.

• Participate in Global and Regional communities to share best practices

Summary of responsibilities
  • Forge strong relationships with internal teams which will be used to remediateoperational trade lifecycle queries
  • Collaborate with colleagues to find solutions and offer a high level of client service while adhering to SG policies and procedures.
  • Provide support to the business in line with the specific job details and objectives contained in the Evaluation system.
  • Proactively mitigate risk, ensure we act within the best interest of the Company and its clients, and escalate when appropriate.
  • Recognise established policies and proposed solutions for innovation and improvement.
  • Provide constructive feedback, promote simplicity and innovation in a professional manner, actively contribute and embrace change.
  • Demonstrate accountability, self-improvement and actively seek feedback where applicable.
  • Continually develop professional competences and contribute to the corporate goals and ambitions of SG
  • Assist with any audit and compliance inquiries
  • Assist with documentation of procedures and workflows
  • Participate in the cross-training of new employees
  • Establish an environment that promotes respect for individual employee's and adheres to the SG policies and guidelines


Profile required

Competencies
  • Excellent interpersonal skills; able to communicate convincingly at all levels within the bank
  • Attention to detail and promote a think outside the box mentality
  • Strong written documentation abilities
  • Coordination skills (across and between the teams in OPER and the business)
  • Understanding of investment banking market activities
  • Compliant with confidentiality requirements
  • Self-Motivated - Ability to work autonomously and be responsible for following matters through to completion
  • Solution-focused, service-oriented and proactive
  • Team player, open to share knowledge
  • Possess a strong risk culture and reliable professional conduct
  • Always have a client centric approach

Technical Competencies
  • Knowledge of Microsoft Office Suite, with a heavy emphasis on Excel (pivot tables, functions, etc...)
  • Basic Knowledge of listed derivatives clearing workflow from trade execution to settlement

Why join us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived thr

Reference: 52537699

Please note Reed.co.uk does not communicate with candidates via Whatsapp, and we will never ask you to provide your bank, passport or driving licence details during the application process. To stay safe in your job search and flexible work, we recommend visiting JobsAware, a non-profit, joint industry and law enforcement organisation working to combat labour market abuse. Visit the JobsAware website for information and free expert advice for safer work.

Report this job

Not quite what you are looking for? Try these similar searches