Middle Office/Trade Support Associate
Company Description
Over the last twenty years, MarketAxess has completely revolutionized the fixed-income market by creating a single platform using proprietary technology that connects the world’s most influential financial institutions. Today, more than 1,800 institutional investors and broker-dealer firms rely on us to bring them accurate market data to assist with their trading decisions, connectivity solutions that facilitate straight-through processing and technology services to optimize trading environments. As a Wall Street FinTech firm, we believe in disruptive innovation and the endless pursuit of efficiency
Job Description
What You’ll Do
- Monitor trade flow and ensure post-trade processes are functioning properly including clearing and confirmation of transactions.
- Address and resolve pending, unmatched and unallocated trades with brokers and customers prior to settlement date
- Work to effectively resolve discrepancies prior to settlement date
- Process trade allocations
- Monitor Obligation Warehouse, RTTM, CTM, OMGEO/ALERT, DTC ID and other industry tools for timely trade comparison
- Monitor regulatory reporting tools TRACE, MSRB for timely and accurate trade reporting. Facilitate any discrepancies with clients and trading desks
- Address and resolve trade breaks with customers and brokers and make corrections in accordance with established processes and procedures
- Open new accounts to facilitate trade processing
- Participate in the testing of system enhancements
- Create and maintain departmental Policy & Procedures
- Liaise with Sales and Dealer Relationship Managers on all client/trading issues
- Collaborate with stakeholders to effectively resolve client issues / escalations
- Build and maintain a culture of trust, transparency, and integrity.
What You Bring to the Table
- Excellent communication skills (written and verbal) with all levels of associates and management.
- Self-starter and tenacious; ability to motivate others.
- Detail oriented and good follow-through.
- Good interpersonal skills and teamwork.
- Ability to multi-task.
- Ability to operate under tight deadlines.
- Bachelor’s degree
What You Bring to the Table
- 5-7 years’ previous Trade Support or Middle Office experience
- Understanding of the fixed income markets
- Shadow systems experience is a plus
- Solid understanding of Industry platforms and tools (DTC ID, RTTM, Obligation Warehouse, TRACE & MSRB Reporting, etc.)
- Ability to work across functional teams, as well an individual contributor as needed.
- Series 99 preferred; other licenses viewed as a strong positive.
What’s in It For You?
- In addition to working on cutting edge technology and in our culture of innovation, collaboration, and openness, we offer:
- Healthcare and wellness options
- 401(k) match
- Employee stock purchase plan
- Training and tuition assistance
- Other perks include generous time-off policies, stipends for gym memberships, exercise equipment and similar, and access to on-site healthcare.
Additional Information
MarketAxess Corporation and its affiliates provide equal employment opportunities to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, veteran status, or any other characteristic prohibited by federal and state law