Operations Officer, ANSA Merchant Bank Limited

Job Summary: 

The Operations Officer serves as the “Middle office” Liaison for Ansa Securities Limited (“ASL”). He / she is an important part of the risk mitigation controls and must ensure all operational procedures are adhered to.

Job Description:

• Work closely with a team of Primary & Secondary Market Sales & Trading Team with the common goal to facilitate the desk’s operational aspects and ensure the efficiency of the sales team.
• Monitor the efficient, timely and accurate execution of all CIB transactions, whilst ensuring compliance of all policies and procedures.
• Contributes to the overall success of AMBL’s Sales & Trading Department of the Corporate & Investment Banking Unit by supporting initiatives and strategies of the Duties include managing the day- to-day activities associated with adherence to process and procedure, due diligence, sales reporting, sales promotion, and all items required to close any deals in conjunction with the front office personnel.
• Support all fixed income trading activities from the fixed income trading team through trade verifications, which includes the following:-
  • Review of transactions, investigation of all trade settlements, and reconciliation of any trade discrepancies and work directly with counterparties to ensure timely settlement.
  • Prepare payment instructions (requisitions) to settle trades/investments executed by the Front Office team and follow through to ensure that transactions are settled in a timely manner.
  • Ensure that all trades are recorded and filed on the day trade is completed.
  • Confirm receipt of funds from all investors as per sales confirmations for Corporate & Investment Banking Unit transactions.
• • Support all Repurchase agreement (“REPO”) activities from the Sales & Trading team, which includes the following:
    • Creation and maintenance of proprietary and client accounts on back end and custodial banking systems.
    • Process, input and maintenance of REPO transactions on bank end banking systems.
    • Serve as liaison between ASL and the Trinidad & Tobago Central Depository (“TTCD”).
      • Submit all necessary documentation to TTCD.
      • Creation of pledgee accounts on DEPEND.
  • Prepare daily and monthly reports to support the REPO sales team.
    • Assets available for repo
    • Margin Reports
    • Upcoming Interest and Maturities
    • SEC reporting for repos (MMRF)
  • Create security master’s on T24 banking system.
  • Process purchase, sale, interest and maturities of assets and repos
  • Follow up on all receipts and disbursements fund movements.
  • Reconcile Trading Portfolios to the General/Sub-Ledger Report.
  • Record all entries for ASL/ Corporate & Investment Banking Unit
  • Other reasonable tasks as may be instructed by the Head of

Education and Experience Requirements:

• Bachelor’s Degree (Preferred major or concentration in Business/Finance) or studying towards a relevant professional qualification e.g. ACCA/CIMA
• Basic knowledge and experience processing of capital market products (treasuries, agencies, corporates, structured products, repos, equities).
• Prior experience with the use Bloomberg, Trade Flow and a working knowledge of trade processing.
• Minimum of 2 years’ experience in trade support, back office, or middle office with experience in trade matching, confirmation, and/or settlement of Equities and Fixed Income Instruments, as well as retail/corporate loans
• Prior experience with the use T24 system
• Strong analytical skills; Numerical reasoning; Arithmetic computation; Using tables and graphs and high level of attention to detail.
• Great ability to manage workflow where the frequency of transactions can vary with short notice.
• Strong communication skills and the ability to work collaboratively under tight deadlines with traders, brokers, and custodians.
• Relationship building skills to establish rapport with business, operations, and technology.
• Good attitude and highly motivated self-starter