Point72 Asset Management, L.P
Derivatives Trade Support Associate
Point72 Asset Management, L.P, Stamford, Connecticut, United States, 06925
A Career with Point72’s Operations Team
Point72’s Operations team supports all operational aspects of trade processing, reconciliation, financing, and reporting firmwide for all products, including equities, derivatives, bonds, foreign exchange and futures, and digital assets across global markets.
Within Operations, the Derivatives Trade Support team is responsible for the daily confirmation and settlement of fixed income, rates, credit, futures, FX and other OTC derivative products. The team is actively engaged with Point72’s Front Office, Back Office, Compliance and Technology teams to manage operational risks. The team also works very closely with all of Point72’s trading and clearing counterparties.
What you’ll do
Confirm, affirm, and settle daily trade activity across a broad range of products, with a primary focus on Interest Rate Swaps, Credit Default Swaps and other OTC derivatives
Manage the verification and reconciliation of all positions to our prime brokers/FCMs and trading counterparties
Oversee all post-trade lifecycle events for cleared and uncleared derivatives
Work with our portfolio managers, traders, and external trading counterparties and prime brokers/FCMs to resolve trade related issues in a timely fashion
Help monitor and reduce foreign currency exposure through the execution of FX transactions
Assist in responding to ad hoc queries from internal and external clients
Participate in the onboarding process for new investment teams, including account setup, platform training, and third-party connectivity
Help push for continuous improvement of the team’s processes via automation and/or identifying opportunities for increased efficiency and/or control
What’s required
Undergraduate degree in accounting, business, economics, mathematics, or a related field
4-7 years of experience in the middle-office operations function of a financial institution
Strong working knowledge of Interest Rate Derivatives and Credit Derivatives, including cleared and uncleared swaps
Hands-on experience with electronic affirmation/confirmation platforms such as MarkitWire/MTM, ICELInk and DSMatch/TradeServ
Familiarity with clearinghouse workflows and reconciliation processes at LCH and CME
Understanding of derivatives lifecycle events including offsets, unwinds, novations, compressions, blending and resets/coupons
Proficiency in Microsoft Office, specifically Excel
Superior problem solving and analytical skills, with the ability to multi-task and adapt to a changing environment
Strong work ethic, self-motivated, confident
Strong communication and interpersonal skills
High attention to detail aimed at delivering a product that meets our best-in-class standards
Commitment to the highest ethical standards
We take care of our people We invest in our people, their careers, their health, and their well-being. When you work here, we provide:
Fully-paid health care benefits
Generous parental and family leave policies
Mental and physical wellness programs
Volunteer opportunities
Non-profit matching gift program
Support for employee-led affinity groups representing women, minorities and the LGBT+ community
Tuition assistance
A 401(k) savings program with an employer match and more
About Point72 Point72 is a leading global alternative investment firm led by Steven A. Cohen. Building on more than 30 years of investing experience, Point72 seeks to deliver superior returns for its investors through fundamental and systematic investing strategies across asset classes and geographies. We aim to attract and retain the industry’s brightest talent by cultivating an investor-led culture and committing to our people’s long-term growth. For more information, visit www.Point72.com/working-here
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Within Operations, the Derivatives Trade Support team is responsible for the daily confirmation and settlement of fixed income, rates, credit, futures, FX and other OTC derivative products. The team is actively engaged with Point72’s Front Office, Back Office, Compliance and Technology teams to manage operational risks. The team also works very closely with all of Point72’s trading and clearing counterparties.
What you’ll do
Confirm, affirm, and settle daily trade activity across a broad range of products, with a primary focus on Interest Rate Swaps, Credit Default Swaps and other OTC derivatives
Manage the verification and reconciliation of all positions to our prime brokers/FCMs and trading counterparties
Oversee all post-trade lifecycle events for cleared and uncleared derivatives
Work with our portfolio managers, traders, and external trading counterparties and prime brokers/FCMs to resolve trade related issues in a timely fashion
Help monitor and reduce foreign currency exposure through the execution of FX transactions
Assist in responding to ad hoc queries from internal and external clients
Participate in the onboarding process for new investment teams, including account setup, platform training, and third-party connectivity
Help push for continuous improvement of the team’s processes via automation and/or identifying opportunities for increased efficiency and/or control
What’s required
Undergraduate degree in accounting, business, economics, mathematics, or a related field
4-7 years of experience in the middle-office operations function of a financial institution
Strong working knowledge of Interest Rate Derivatives and Credit Derivatives, including cleared and uncleared swaps
Hands-on experience with electronic affirmation/confirmation platforms such as MarkitWire/MTM, ICELInk and DSMatch/TradeServ
Familiarity with clearinghouse workflows and reconciliation processes at LCH and CME
Understanding of derivatives lifecycle events including offsets, unwinds, novations, compressions, blending and resets/coupons
Proficiency in Microsoft Office, specifically Excel
Superior problem solving and analytical skills, with the ability to multi-task and adapt to a changing environment
Strong work ethic, self-motivated, confident
Strong communication and interpersonal skills
High attention to detail aimed at delivering a product that meets our best-in-class standards
Commitment to the highest ethical standards
We take care of our people We invest in our people, their careers, their health, and their well-being. When you work here, we provide:
Fully-paid health care benefits
Generous parental and family leave policies
Mental and physical wellness programs
Volunteer opportunities
Non-profit matching gift program
Support for employee-led affinity groups representing women, minorities and the LGBT+ community
Tuition assistance
A 401(k) savings program with an employer match and more
About Point72 Point72 is a leading global alternative investment firm led by Steven A. Cohen. Building on more than 30 years of investing experience, Point72 seeks to deliver superior returns for its investors through fundamental and systematic investing strategies across asset classes and geographies. We aim to attract and retain the industry’s brightest talent by cultivating an investor-led culture and committing to our people’s long-term growth. For more information, visit www.Point72.com/working-here
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