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Trading Assistant

Caxton Associates

London

On-site

GBP 40,000 - 80,000

Full time

29 days ago

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Job summary

An established industry player seeks a detail-oriented Trade Assistant to ensure accurate trade bookings and smooth operations. In this dynamic role, you'll collaborate with various teams to manage trade settlements and mitigate operational risks. Your expertise in financial markets, particularly with OTC derivatives, will be crucial in maintaining the integrity of trade processes. This firm offers a collaborative environment where your contributions directly impact trading efficiency. If you're driven by precision and thrive in a fast-paced setting, this opportunity is perfect for you.

Qualifications

  • Minimum 3 years' experience in trade assistant/operations.
  • Sound understanding of financial markets and OTC Derivatives.

Responsibilities

  • Accurate booking of trades in the internal risk system.
  • Collaborate with teams to ensure smooth settlement of trades.
  • Manage OTC Option expiries and run P&L reconciliations.

Skills

Operational Risk Management
Financial Markets Knowledge
Communication Skills
Ethics and Integrity

Education

Degree in a Numerate Discipline

Tools

VBA
SQL

Job description

About Caxton Associates:

Caxton Associates, founded in 1983, is a global trading and investment firm with offices in London, New York, Monaco, Singapore and Dubai. Caxton Associates' primary business is to manage client and proprietary capital through global macro hedge fund strategies. Assets are managed via a broad mandate to trade in a variety of global markets and instruments.

Responsibilities:

  • Responsible for the accurate booking of trades in our internal risk system. Ensure FIX Orders trade blotter is clean and that all execution trades are booked.
  • Process internal trade moves and book transfers for the Portfolio Managers.
  • Collaborate with Middle Office team to ensure smooth settlement of all trades.
  • Manage all OTC Option expiries.
  • Work with wider teams in the firm to conduct testing in preparation for upgrades to the internal risk system.
Trade Life Cycle:

  • Run flash P&L rec to catch any mis-bookings.
  • FX rolls, daily residuals, late prior day trades. Liaise with Operations and keep desk informed.
  • Repos: be on top of financing requirements T0. Communicate to desk, act as go between for MO and trading.
  • Futures expiries cash v physical, point person between desk and middle office to ensure all such events are managed and desk is aware.
  • OTC expiries.
  • Screen for boxed positions between custodian, cash v CFD. Reconcile breaks arising from operations reconciliations.
Requirements:

  • Degree qualified, degree(s) in a numerate discipline.
  • Minimum 3 years' trade assistant /operations experience.
  • Sound understanding of financial markets and different financial products, specifically OTC Derivative instruments.
  • An excellent knowledge of operational risk and risk mitigation, technology, process and controls.
  • Knowledge of VBA, SQL or other programming languages advantages.
  • Cross asset class experience is preferred: FI, FX, Credit, Rates, Equities.
  • Operates with the highest degree of ethics and integrity.
This is a 5-day in office role.
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