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Front Office Trade Support

September 14, 2022

About Trumid:

Trumid is a financial technology company building tomorrow’s credit trading network. We combine agile technology, intuitive design, and deep market expertise to deliver differentiated trading solutions. With an expanding network of more than 600 leading buy side and sell side institutions, Trumid is optimizing the fixed income trading experience.

Our business model thrives on participation and connection, and so does our company culture. We believe in collaborative innovation and solving for fun. Working together to achieve common goals and finding joy in pushing into unexplored areas and new ways of thinking. Learn more at www.trumid.com.

About the Role:

As a member of the Operations Team, you will be contributing to the front line of the trading activity on our electronic trading platform. You will be responsible for providing trade support, post trade processing, user administration, reference data maintenance, management of clearing broker relationships, and rates execution. The successful candidate will have the ability to thrive in a fast-paced environment and have a mindset for continual improvement. This role is very versatile - the candidate should be prepared to take on new responsibilities and grow within a constantly evolving organization. This will be a hybrid role where the candidate will have the opportunity to create a flexible schedule of working in our New York City office and working remotely. 

What You'll Do:

Trumid is growing and evolving, and our operations team is ever changing as we look to extend our reach to meet the demands of a more complex and dynamic trading business. With customer service at the core, we’ve created a culture where managing risk is top of mind throughout our expanding business where both technical and business knowledge of the trading industry will be instrumental in our success. We’re looking for a senior trade support team member that will be a self-starter tasked with driving continued improvement personally and within the operations team which will put Trumid in a place of leadership and visibility in the expanding marketplace. The ideal candidate has a dynamic personality and is a confident communicator. 

  • Manage clearing broker relationships through the full trade life cycle
  • Manage strategic partner relationships for trades in Trumid’s disclosed protocols
  • Provide trade support for US Corporate and EM bond trading across all Trumid protocols
  • Reconcile positions and PNL with intermediaries and clients
  • Supervise account and user data information within the trading system
  • Administer fixed income instrument reference data
  • Execute US Treasury trades to cover position imbalances
  • Monitor FINRA TRACE for trade breaks with counterparties
  • Coordinate monthly invoicing across all trading relationships

 Skills & Qualifications:

  • 3+ years of professional experience
  • Series 7 licensed 
  • Strong attention to detail and exceptional organizational skills
  • Understanding of US corporate bond market trading including conventions, reference data inputs, trade economics, and settlement calculations
  • Exceptional interpersonal skills to communicate with both Trumid clients and Trumid Client Team
  • Enthusiasm for FinTech with desire to expand knowledge of financial markets and fixed income products

Benefits:

  • Competitive compensation
  • Fully paid medical, dental and vision coverage 
  • Flexibility for in-office and work from home arrangements
  • Team-oriented and collaborative company culture