OverviewThis Global trade role supports the day-to-day business-as-usual (BAU) processes and reporting within the firm's Structured Credit Fixed Income operations function. The successful candidate will be responsible for the daily reconciliation of cash, position and trading activity; daily and monthly P&L reporting along with month end NAV process, and ongoing liaison with internal trading desks, prime brokers, and external counterparties. The position operates in a fast-paced, high-volume environment and requires strong attention to detail, clear communication skills, a reconciliation mindset and a proactive approach to resolving discrepancies. A familiarity &/or foundational knowledge of fixed income markets, with a focus on structured securities (ABS/CMBS/CRE/Aviation).
Responsibilities
- Trade Lifecycle & Settlement
- Capture, validate, and confirm trades across structured credit (CLOs, ABS, CDOs), CRE loans, aviation finance, and shipping finance products
- Manage the full trade lifecycle from execution through settlement, ensuring accurate and timely booking
- Resolve trade breaks, settlement fails, and discrepancies with counterparties, custodians, and internal desks
- Reconciliation & Controls
- Perform daily position, cash, and P&L reconciliations between front office, middle office, and accounting systems
- Investigate and escalate breaks, unmatched trades, and aged items
- Ensure adherence to internal controls, regulatory requirements, and audit standards
- Product-Specific Support
- Support complex structured credit workflows including waterfall payments, paydowns, factor updates, and cashflow processing
- Handle bespoke documentation and settlement nuances for illiquid assets (CRE loans, aircraft, vessels)
- Track collateral, amortization schedules, and periodic interest/principal payments
- Counterparty & Stakeholder Management
- Act as liaison between trading desks, sales, operations, legal, and external counterparties/agents
- Coordinate with custodians, administrators, trustees, and paying agents
- Manage onboarding of new counterparties and accounts (KYC/documentation coordination)
- Data, Reporting & Static
- Maintain accurate static data, reference data, and security setups for new and existing instruments
- Produce daily/periodic reporting on positions, exposures, settlements, and exceptions
- Support month-end close, valuations, and inputs to risk and finance functions
- Process Improvement & Projects
- Identify and implement process efficiencies and automation opportunities
- Support system enhancements, UAT, and onboarding of new products or asset classes
- Contribute to regulatory and control-related initiatives
Qualifications
- Experience & Background
- 2–6 years of trade support, middle office, or operations experience within an investment bank, asset manager, or hedge fund
- Direct exposure to fixed income products; experience with structured credit (CLOs, ABS, CDOs) and/or loan-based products (CRE, aviation, shipping finance) strongly preferred
- Understanding of the full trade lifecycle, settlement processes, and reconciliation
- Technical & Product Skills
- Knowledge of structured credit mechanics (waterfalls, paydowns, factors, cashflows)
- Strong Excel skills (pivot tables, lookups, large data sets); VBA, SQL, or Python a plus
- Experience with relevant platforms — e.g.,DTC, Euroclear, trade capture and order management systems, Bloomberg, and reconciliation tools (e.g., TLM, Duco)
- Core Competencies
- Strong attention to detail and accuracy under tight settlement deadlines
- Effective problem-solving and break/fail resolution skills
- Clear communication and ability to liaise with trading desks, counterparties, custodians, and agents
- Ability to manage multiple priorities in a fast-paced environment
The average salary for this role $150,000 - $185,000 in base pay and is exclusive of any bonuses or benefits. The base pay offered will be determined based on your experience, location, skills, training, certifications and education, and in addition we will also consider internal equity and market data. We do not anticipate that candidates hired will begin at the top of the range however, from time to time, it may occur on a case-by-case basis.
No agencies please.
