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Equity Swap Client Service Representative
Our Client is a Leading Global Financial Services Firm based in NYC.
Our Client is seeking a Client Service Rep to join their Equity Swap Team
About Our Client
Our Client is a Leading Global Financial Services Firm based in NYC with over 100,000 Employees in over 50 Countries. The North American Equities Swap Operations group provides trade execution, settlement, reporting and control, and portfolio management services to the Investment Bank's North American Equities Equity Swap Business within the Prime Service Business and the Equity Derivatives Business.
*First point of contact for Clients on all operational issues including: valuations, collateral, settlements, documentation, audit, technology, account set up and legal documentation, client reporting.
*First point of contact for Front Office Trading and Sales on Equity Swap trade booking / issue resolution
*Support of US domiciled clients trading Swaps in NA, Latin America, Asia, Asia-ex, and EMEA
*Economic Affirmation of trades confirmed on paper
*Work closely with the DTCC Affirmations team and ensure clients are adhering to Fed Guidelines
*Work closely with Sales, Business Management to ensure clients and the firm are compliant with Regulatory Rules including, but not limited to, CFTC, EMIR and FCA
*Confirm swap reset settlements with clients globally, and resolve any breaks
*Oversee Swap Trade booking ensuring trade details are accurate, and allocated properly
*Account Set up in internal system and assist with KYC / Tax documentation as needed
* Responsible for understanding "end to end" system processing and the "transaction cycle"
* Investigate cash payment Nostros and participate in escalation calls
*Liaise with Trade Support, Traders and Marketers on economics which are breaking with the clients.
*Expediting ad-hoc requests from the sales and trading desk.
*Assistance on Projects pertinent to the Marketing desk, and participate in new project initiatives when required by business demands
* Coordinate globally with London and Asia peers on process/system improvements, and client relationships
*Coordinate with Legal and Onboarding on MCA process and execution
*Perform extensive UAT testing as needed
The Successful Applicant
*Working understanding of Equities, Bonds, and Equity Swap products and relevant process flows is necessary.
*Must have Strong PC skills with particular emphasis on Microsoft Excel, formula construction, and excel reconciliation solutions
*Must be a self starter, with the motivation, demonstration of initiative, and ownership mentality to think outside the box is necessary. Ie, have the demeanor and care as this is their own business.
*Strong verbal and written communication skills are preferred as there is in person client training and meetings
*Strong analytical and problem solving skills.
*Team Player able to multi-task in a fast paced environment
What's on Offer
Competitive Compensation Package