Syndicate Transaction Manager

Job title

Syndicate Transaction Manager

Permanent Contract

As part of TMG Team, Syndicate Transaction Manager will support the EMEA Global Markets Division Syndicate team for Primary New Issue business.

Key responsibilities are as follows:

• Daily TMG Responsibilities
  • Support GMD Syndicate team in pricing and executing primary new issues transactions.
  • Involved in Book building process - specifically looking after the book building/reconciliation process (orders and hedges) during a new issue transaction.
  • Involved in hedging operations (mainly EGB and swaps), while supervised by Syndicate Managers on the desk.
  • Trades booking in FO booking systems.
  • Ticketing and P&L Calculation.
  • Ensure all syndicate administrative tasks have been closed for each deal (fee booking, daily Pnl reporting, Middle Office emails, etc.).
  • Active connection, collaboration and communication with MO and BO teams to ensure follow up on new issues transaction settlements and potential issues arising.
• Processes / IT systems
  • Report on any issues with the various IT systems used throughout the primary market flow business, with a particular focus on S&P/Ipreo systems, to the rest of the TMG team and head of TMG team.
• Counter parties and Clients
  • Ensure the head of TMG team, and direct reporting line and Head of London Syndicate is made fully aware in a timely fashion of all matters that might have a material impact on the Syndicate group performance, risk position or compliance with legal or regulatory requirements.
  • Develop and maintain relationships with peers in other organisations as applicable.
  • Ensure adherence to KYC procedures and policy.
• Communication
  • Maintain open and constructive contact with the Sales desks regarding shared business.

Europe, United Kingdom

London

Bachelor Degree / BSc Degree or equivalent

Degree, preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience

CFA / CISI exams

Experience in Syndicate support function / Middle Office functions (specifically for Credit Trading/Syndicate in that case) / Support functions (client onboarding / risks etc)

• Team oriented
• Excellent communication skills and able to coordinate effectively with other teams:
  Sales, Traders, DCM Originators, MO and BO.
• Strong knowledge of FO/MO/BO chains, pain points and process systems
• IT literate.
• Strong numerical, analytical and spreadsheets skills.
• Ability to think quickly, make decisions using good judgement and prioritize in busy trading situations.

Knowledge of financial derivatives products including market liquidity (ability to enter or exit a position) and volatility (magnitude / speed of price change), pricing and trading/hedging strategies.

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