Job Details
Job Title: Post-Trade Associate
Location: Onsite New York City
Firm Overview:
BGC Partners is a leading global brokerage and financial technology company. BGC specializes in the brokerage of a broad range of products, including fixed income (rates and credit), foreign exchange, equities, energy and commodities, shipping, insurance, and futures. BGC also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through brands including Fenics, BGC Trader, Capitalab, Lucera, and Fenics Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC Partners, Inc., and/or its affiliates.
Responsibilities:
Trading support
- 1-2 years experience in a similar role, ideally from a hedge fund manager or a financial institution
- Good product knowledge and day-to-day processing of interest rate swaps and bonds is essential
- Futures and FX knowledge is useful
- Knowledge of the market risk of trades and P&L is a plus
Tasks
- Book trades into the trade capture systems and manage the trade matching and clearing processes. MarkitWire skillset a must
- Assist sales and execution teams with trade booking as required
- Oversee day-to-day trade processing, matching, clearing, and sending confirmations
- Manage and resolve exceptions, fails and settlement issues
- Carry out checks and controls, intraday and EOD. Communicate EOD status to the group
- Liaise with Caventor teams, internal BGC teams, clients, banks and service providers as required
- Support sales and execution teams as required with requests and queries
- Carry out project and development tasks as required
- Assist with the global counterparty onboarding process
- Oversee progress internally within BGC and with clients/banks. Chase as required
- Update the shared status documents for internal Caventor use
Qualifications:
- Proficiency in Excel & VBA a major plus not a requirement though
- High level of attention to detail and completer / finisher mentality
- High level of multi-tasking and prioritization
- Needs to be a self-starter and able to work independently, although the person will be part of the NY team and broader global Post-Trade team
Educational Qualifications:
- Bachelor s Degree required
Salary: $90,000 - $110,000
The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).