Trade Confirmation & Settlement Associate
Rydex Investments, Chicago, IL, United States
Job Opportunity at Guggenheim Investments
Guggenheim Investments is seeking a candidate interested in gaining cross-team skill development to join its Transaction Services department within the Investment Management Operations business. The Transaction Services department is comprised of Allocations, Trade Confirmation, Settlements, and Collateral Management. In this role, one will be trained on the core concepts and tasks of each group (Allocations, Confirmation & Settlements, Collateral Management), preparing them to obtain a broader skill set and extensive full-cycle knowledge of Transaction Services. One has the opportunity to work and communicate effectively with internal groups including portfolio management, trading, client distribution, legal and compliance. This position is located in our Chicago offices. Key Responsibilities: Allocate, confirm, clear, and ensure settlement of all fixed income and equity trades, including repurchase agreements, as well as both Over-The-Counter and Exchange Traded Derivatives including options, swaps, and futures. Act as an intermediary for all fixed income trades, including gathering demand and producing the final allocation among various portfolios. Enter trade allocations into an order management system. Document and maintain trade allocation archives. Participate in monthly performance dispersion analysis with member of Risk and Investment Performance team. Monitor settlement of all trades and ensure timely resolution of any failing transaction. Issue, receive and answer all margin calls across OTC, cleared swap, futures, repo and prime brokerage. Ensure trades are accurately transmitted to third parties including custodians and administrators working to resolve any discrepancies in a timely manner. Communicate professionally and effectively with all brokers and counterparties and seek to expand business relationships. Work and communicate effectively with internal groups including portfolio management, trading, client distribution, legal and compliance. Participate in department and firm-wide projects aimed to increase efficiency and minimize risk including those with systems vendors and information technology. Assist in the development and documentation of procedures and controls within the business unit. Serve as the primary lead with respect to internal audit and annual reviews of the allocations, confirmation, settlement, and collateral policies and procedures. Basic Qualifications: Bachelor's degree with a preferred concentration in a business-related field. Minimum of 2-4 years of experience in an operational role within financial services. Preferred Qualifications: Broad understanding of Fixed Income, equity, financing and derivative products and the operational workflows. Knowledge of various industry tools such as Blackrock Solutions Aladdin, Omgeo, Bloomberg, DTCC, MarkitSERV and CLS as well as clearing institutions. Motivated team player who has a collaborative mindset to resolve issues both within and outside of the department. Desire to drive change within the operational workflow and dedication always improving the group's processes. Excellent communication skills to interact with brokers and counterparties as well as various levels of management within the firm. Ability to operate in a stressful, deadline driven environment while still maintaining a strict attention to detail and an ability to prioritize issues appropriately. Proficiency in Excel and a desire to implement workflow tools is desired but not required. Salary Range: Annual base salary between $100,000.00-$105,000.00 Guggenheim Investments is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Guggenheim Investments is seeking a candidate interested in gaining cross-team skill development to join its Transaction Services department within the Investment Management Operations business. The Transaction Services department is comprised of Allocations, Trade Confirmation, Settlements, and Collateral Management. In this role, one will be trained on the core concepts and tasks of each group (Allocations, Confirmation & Settlements, Collateral Management), preparing them to obtain a broader skill set and extensive full-cycle knowledge of Transaction Services. One has the opportunity to work and communicate effectively with internal groups including portfolio management, trading, client distribution, legal and compliance. This position is located in our Chicago offices. Key Responsibilities: Allocate, confirm, clear, and ensure settlement of all fixed income and equity trades, including repurchase agreements, as well as both Over-The-Counter and Exchange Traded Derivatives including options, swaps, and futures. Act as an intermediary for all fixed income trades, including gathering demand and producing the final allocation among various portfolios. Enter trade allocations into an order management system. Document and maintain trade allocation archives. Participate in monthly performance dispersion analysis with member of Risk and Investment Performance team. Monitor settlement of all trades and ensure timely resolution of any failing transaction. Issue, receive and answer all margin calls across OTC, cleared swap, futures, repo and prime brokerage. Ensure trades are accurately transmitted to third parties including custodians and administrators working to resolve any discrepancies in a timely manner. Communicate professionally and effectively with all brokers and counterparties and seek to expand business relationships. Work and communicate effectively with internal groups including portfolio management, trading, client distribution, legal and compliance. Participate in department and firm-wide projects aimed to increase efficiency and minimize risk including those with systems vendors and information technology. Assist in the development and documentation of procedures and controls within the business unit. Serve as the primary lead with respect to internal audit and annual reviews of the allocations, confirmation, settlement, and collateral policies and procedures. Basic Qualifications: Bachelor's degree with a preferred concentration in a business-related field. Minimum of 2-4 years of experience in an operational role within financial services. Preferred Qualifications: Broad understanding of Fixed Income, equity, financing and derivative products and the operational workflows. Knowledge of various industry tools such as Blackrock Solutions Aladdin, Omgeo, Bloomberg, DTCC, MarkitSERV and CLS as well as clearing institutions. Motivated team player who has a collaborative mindset to resolve issues both within and outside of the department. Desire to drive change within the operational workflow and dedication always improving the group's processes. Excellent communication skills to interact with brokers and counterparties as well as various levels of management within the firm. Ability to operate in a stressful, deadline driven environment while still maintaining a strict attention to detail and an ability to prioritize issues appropriately. Proficiency in Excel and a desire to implement workflow tools is desired but not required. Salary Range: Annual base salary between $100,000.00-$105,000.00 Guggenheim Investments is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.