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Trading Operations Representative

Location:Chicago, IL
Exempt/Non-Exempt:Exempt
Employment Type:Full Time
Department:Trading Services
Description:Will be trained in all aspects of investment and trade operations and will have daily core operational responsibilities supporting the equity and fixed income trading desks. Works with custodians, broker/dealers and prime brokers to monitor and resolve trade settlement issues. Prepares and distributes failed trade reports and other trading related information. Works closely with Traders, MIS, and operations staff across the firm to ensure successful trade processing, matching and settlement, including end of day responsibilities. Will also be responsible for helping to identify and implement process improvements and work on special projects. This position requires participation in the overnight on call support rotation, which includes working some US holidays, in order to provide support to the trading desk.
Duties:•Hands-on, day-to-day responsibility for domestic and international trade confirmation and settlement.
•Monitor unmatched and failed trades and collaborate with broker/dealers, custodians and traders to resolve on a timely basis.
•Reconcile daily Average Price Account through Prime Broker’s proprietary system, Net Exchange Advisor, to identify trade exceptions and collaborate with Prime Broker to resolve.
•Reconcile daily DTC Exception Report to identify U.S. trade issues and collaborate with broker/dealers and custodians to resolve trade exceptions.
•Perform post trade matching for International trades using the BBH/Omgeo Connect System. Identify trade exceptions and collaborate with broker/dealers and custodians to resolve.
•Generate and distribute daily trading activity and monitoring reports.
•Develop an in-depth knowledge of Macgregor Trade Order Management System, Advent’s AXYS portfolio accounting system, BBH/Omgeo Trade Communication and Management Systems, Omgeo Alert and all other systems necessary to carry out daily responsibilities.
•Create, maintain and help to improve operational processes and procedures.
•Participate in projects and complete other special duties as assigned.
Qualifications:Required:
•Bachelor’s Degree in Finance, Accounting, or Economics preferred
•1-3 years experience in investment operations (back or middle office), investment industry or related experience preferred
•Solid verbal and written communication skills
•Excellent attention to detail with a high degree of accuracy
•Proficient in MS Excel and MS Word
•Ability to coordinate and prioritize multiple tasks simultaneously in a rapidly changing environment
•Self starter with the ability to solve complex problems
•Strong client service and team oriented focus
•Excellent trouble shooting and problem solving skills

Preferred:
•Experience with trade support, securities clearance, and settlement processes.
•Experience with the Omgeo product suite including Connect, Alert, Oasys, or CTM
•Experience with a trade order management system such as the ITG Macgregor trade entry system
•Experience with a portfolio accounting system such as Advent’s AXYS
•Knowledge of DTCC and/or overseas market practices
•Knowledge of SWIFT

Special Requirements:
Due to International trade settlement responsibilities, individual may be required to work outside of normal U.S. business hours and or to work on U.S. holidays therefore scheduling flexibility is highly important. In order to accommodate peak trade volumes and/or market conditions, employee must be able to work past the end of their scheduled work day until all end-of-day processes have been completed. When required by trading volume and/or market conditions, employee must be able to work through the day without taking extended breaks. Individual must develop a rapport with members of Harris’ Trading Department and gain their respect and confidence.

Occasionally, situations may arise that require employees to temporarily or permanently assume responsibility for tasks not specifically outlined in this job description. In addition, employees may be requested to work additional hours to fill in for an absent co-worker, accommodate a heavier than normal work load, or assist with special projects.


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