Trade Processing Specialist

Location: New York, New York
Salary: $55,000 to $60,000 + Overtime

About the Opportunity

A Leading Multi-Billion AUM Asset Management firm in NYC is seeking a Trade Processing Specialist to join the Portfolio Operations Department. Portfolio Operations is part of the Portfolio Services Division and is made up of Cash, Trade & FX Processing and Settlement; New Business; Broker & Custodian Management; Trade Advices; Corporate Actions & Income. This role will be part of a newly formed team in New York which will supplement the firm’s existing capabilities in London and Singapore.


Job Responsibilities

  • Timely confirmation of equity, fixed income, FX and unit trust trades.
  • Timely issuance of settlement instructions for equity, fixed income and unit trust trades.
  • Settlement of equity and fixed income trades.
  • Post execution trade amendments to enable market settlement.
  • Deliver accurate, timely, compliant and cost effective trade processing services.
  • Identify record, investigate and resolve trades failing to achieve market settlement by contractual settlement date.
  • Record, investigate and resolve trade related interest claims and report any associated costs to senior management in a timely manner.
  • Process required post execution trade amendments under instruction.
  • Perform function in line with established business controls.
  • Provide administrative, transactional based support to others involved in the task of fund / portfolio management.


Job Requirements

  • 1-3 years of financial services experience
  • Bachelor’s degree required
  • Excellent interpersonal skills and ability to interact with professionals and clients at all levels
  • Basic understanding of trade settlement and processing