Trade Processing & Settlements Specialist – Derivative Operations
Trade Processing & Settlements Specialist – Derivative Operations
Cała Polska
At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs.
Come join us in delivering better outcomes for our clients around the world!
What is the team responsible for?
The Trade Processing and Settlements Specialist will take direction from Derivative Trade Processing Manager in addition to Team Lead of the Derivative Operations team.
The candidate will be responsible for trade processing and other life-cycle event processing of complex financial instruments such as Foreign Exchange, Swaps, Futures, Options, and Bank Loans.The candidate will correspond and interact with Trading, Compliance, Client Service, and other internal teams at Brandywine Global; also correspond with executing brokers and client custodians. Participation in meetings directly related to Fund and Client accounts is expected.
What are the ongoing responsibilities of a Trade Processing & Settlements Specialist – Derivative Operations?
- Perform daily trade processing of Derivative (Futures, Options, Swaps, Swaptions, Term Loans), Foreign Exchange (Spot and Forward FX).
- Monitor trade flow and matching processes using TradeNexus (GTSS) and other confirmation systems
- Perform daily resolution of related settlement issues and participate in overdraft and claims resolution when required.
- Contribute to the maintenance, improvement and continuous refinement of all related processes and controls
- Perform necessary manual accounting entries for new account or transition accounts
- Participate in audit preparation BCP Planning and DR Testing, which may include weekend or after hour remote access and participation.
- Position requires flexibility in work schedule to allow for extended work hour coverage supporting an international client, custodial, and brokerage community
Team Responsibilities:
- Confirm accuracy of all trades (Swaps, Futures, Options, Foreign Exchange, or Loans) by comparing details of trades with executing brokers via electronic settlement platform or other approved process
- Review and resolve all Exceptions and Failed trades
- Confirm accuracy of related transaction activity, such as life-cycle events, payment netting, etc. using approved processes
- Process derivatives transactions utilizing various systems (Bloomberg, Eagle Star, Osttra, Trade Nexus, etc.)
- Prepare, distribute and/or monitor settlement instructions to custodians
- Reconcile derivatives, positions and valuations against broker records
- Maintain accuracy of derivatives book of business by performing daily reconciliations of derivatives positions between trading system and accounting system
- Ensure that all transactions are properly settled with all counterparties (resolving settlement issues including non-receipts and compensation claims)
- Assist with project planning, implementation and testing when required
- Perform data maintenance activities on both internal and external settlement information/notification systems
- Create/prepare and submit daily, weekly, and monthly reports to clients, consultants, service providers, and internal committees/departments
- Perform Regulatory Reporting and reconciliation to the Repository.
What ideal qualifications, skills & experience would help someone to be successful?
- Bachelor’s degree
- One to Three years’ experience in investment management or financial industry, preferably at a bank, brokerage firm or investment manager, in a position with similar responsibilities
- experience with derivatives, preferably in a processing-oriented role
- Computer literate including Microsoft Office and an aptitude to learn different systems/applications
- Excellent interpersonal communication, analytical, organizational, problem-solving and judgement skills
- Commitment to task and to the team; ability to start and complete specific tasks with motivation and a sense of urgency in a fast-paced environment
- Professional attitude and ability to work independently
- Management and leadership ability
- Familiarity with Bloomberg’s AIM Trade Complete, EAGLE, TradeNexus, Markit ReadeServ, Clearpar or Markit Trade Manager is a plus
- Solid verbal and written English
Rotation weekly:
- 1.30/2.00 – 10.00-10.30pm
- 3.00pm – 11.30pm
Experience our welcoming culture and reach your professional and personal potential!
Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.
