Analyst, Trade Operations

Job Description:

The Purpose of Your Role

This position will be responsible for the day-to-day activities ensuring all trade confirmation and settlement processes, reporting, and inquiry responses are completed timely and accurately for the Fidelity Trading Desk Equity and FX activities. This person will possess a full understanding of Fidelity’s organizational structure, information flow and internal systems, as well as good industry knowledge pertaining to trading and settlement of equity, and foreign currency (non USD) exchanges.  They should be able to identify, analyse, and resolve complex issues or potential operational risk that may arise and effectively communicate with any party that may be involved. 

 

The Expertise We’re Looking For

 

• 3 years of financial services experience, preferably with exposure to Custody Operations and/or Trade/Equity Life Cycle management.
• 2 years of experience, in Trade Life Cycle, Settlements or Fails Management.
• Experience with OMGEO Alert, CTM, CLS, MISYS preferred.

 

The Skills You Bring

 

• Experience with industry practices and tools.
• Detailed knowledge of market settlement practices.
• Operational knowledge in Equity or FX settlement.
• Proficient skills in various software applications to include, Excel, Word, Power point, Outlook.
• Excellent interpersonal and communications skills.
• Working knowledge of agile methodologies.
• Strong time management skills.
• Strong attention to detail.
• Strong data analytical skills.
• Must be able to recognize high-risk items and escalate those items or seek assistance to minimize loss to either the shareholder and/or Fidelity.
• Must have the ability to develop solid action plans to resolve daily operational issues/problems.

 

The Value You Deliver

 

• Monitoring transactional confirmation, fails resolution, escrow activity and settlement.
• Communicate issues and take initiative to proactively resolve and prevent problems.
• Perform market-specific processes to ensure confirmation and settlement in challenging foreign markets.
• Communicate with internal Equity / FX Trading Desks, Broker, Custodian Banks, and other business partners to ensure operational challenges are managed.
• Participate as a Subject Matter Expert on projects.
• Ability to work effectively within a team environment to successfully manage daily work volumes and quality standards.
• Works with Manager and  Team Leads to identify process improvements.
• Ensure that all responsibilities/assignments are performed in a timely fashion.
• Deliver effective written and verbal communication to appropriate business partners.

 

How Your Work Impacts the Organization

 

The Global Middle Office (GMO) acts as a servicing centre for FMR Co. and FIAM trading desks globally, facilitating the confirmation and settlement of security and currency transactions with brokers and custodian banks, and providing daily cash estimates to Trading. It is also responsible for coordinating corporate action executions, ensuring the collection of income to the Funds, resolving position differences and facilitating securities lending activities. 

 

Trade Operations provides trade support to Fidelity's domestic and international equity, fixed income, high yield and foreign exchange trading desks located in Hong Kong, London and Boston. Trade analysts work closely with the traders, broker-dealer community and the custodian bank network to facilitate trade matching and settlement in over 70 countries worldwide. In addition to the various external counterparts that the trade analysts deals with, there are also several internal groups that assist in the group's daily responsibilities, including Compliance, Treasurer's Office, Counterparty Risk, Legal, Fund Accounting and other Custody groups. 

 

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Category:

Investment Operations