Associate, Trade Management & Asset Servicing

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Location:

New York, US

Job Function:
Investment Services Public Markets

Job Type: Permanent

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 offices around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest worldwide.

Investment Services Public Markets

Investment Services Public Markets (ISPM) is an integrated team that provides investment service support for public market investment activities strategically and tactically. The team is responsible for GIC’s global trade operations, custody control and asset servicing such as income entitlements, mergers and acquisitions and other corporate events of our underlying investments, futures and derivative operations, collateral management, pricing and rates, market data and rebalancing operations.

The coverage extends across a spectrum of products such as equities, bonds, money market, foreign exchange, futures, collateralized securities and other derivatives.

We are seeking a qualified candidate to join our Trade Management & Asset Servicing team as an Associate, with a primary focus on managing the lifecycle of corporate actions with additional responsibilities in trade operations. The candidate will collaborate closely with the trading desk, overseeing trade execution and providing front-end support throughout the mid and back-end settlement processes and lifecycle events.

The successful candidate will take on responsibilities for various functions and products outlined below. Comprehensive development and cross-training will be provided to ensure effective support for the trading desk.

Responsibilities:

• Oversee corporate actions and Proxy voting, from announcement to execution, ensuring accurate and timely processing.
• Collaborate with custodians and financial institutions to gather information and conduct basic research and analysis.
• Support the business in the trading activities of Fixed Income, Currency and Equities asset classes.
• Perform trade processing of various instruments, including:
  • Cash Securities:
    
    Equities, Bonds, Collateral swaps, Term Loans
  • Exchange-traded Futures & Options: commodities, financial contracts
  • OTC Derivatives:
    Interest Rate Swaps, Credit Default Swap, Swaptions, Cross Currency Swaps, Volatility and Variance swaps
  • Foreign Exchange & Money Market instruments:
    
    FX, Deposit, Repos
  • Margin and Collateral: margin calls, collateral substitutions
  • Cash Management: cash projections and funding needs.
• Ensure prompt follow up on trade matching, trade confirmation, and other operational matters.
• Ensure timely settlement for all trades across the global markets. This includes ensuring sufficient funding and meeting both the internal and custodian banks’ cut-off times.
• Support asset servicing functions of all investments throughout the life cycle of the trade including exercise/ assignment, novation, income collection, corporate action and credit event processing.
• Assessment for implementation of new products and markets for investment by portfolio managers.
• Work with external counter parties, brokers and service providers to resolve operational issues, and be able to assess their service levels. Ensure service level is met for all services.
• Work with external vendors (brokers, counter parties, clearers, custodian banks, industry groups) to keep track of market developments.
• Leverage technological knowledge to design solutions to integrate into processes. Drive process improvements for productivity and quality enhancements.

Requirements:

• Bachelor’s Degree or higher in finance, business, or a related field.
• At least 2 years of relevant experience in operations. Experience in corporate actions or asset servicing is preferred.
• Knowledge of leveraging AI toolkits is advantageous.
• Inquisitive and curious, detail-oriented, strong analytical ability, excellent…