Operations Associate at Cantor Fitzgerald Securities

Posted in Other 25 days ago.

Location: Jacksonville, Florida





Job Description:

JOB DESCRIPTION



Job Title: Operations Analyst


Location: Jacksonville, Florida, in office 3 days a week


Firm Overview:


Cantor Fitzgerald is a diversified company primarily specializing in financial and real estate services for institutional and corporate customers operating in the global financial and commercial real estate markets. Since 1945, we have successfully built a well-capitalized business across multiple business lines, with numerous market-leading financial services and commercial real estate businesses. We have been at the forefront of financial and technological innovation in our industries while developing new markets and providing superior service to thousands of customers globally. At Cantor, our employees are our greatest asset. We look for individuals who are driven, intellectually engaged, team oriented and have a real desire to make an impact.


About the Position


Fixed Income Operations, a division of Cantor Fitzgerald is seeking an Operations analyst for a trade confirmation and TMPG role. This position will provide exceptional client service to our internal and external clients and vendors. Advanced Microsoft Office skills, attention to detail and follow-up skills are critical to this position as are intellectual curiosity, a sense of urgency and a desire for continual improvement to processes, performance, and business knowledge. We are a growing organization that works at a fast pace, requires full participation each day and rewards exceptional performance in connection with overall business success.


Duties include:

  • Trade confirmation
  • Confirmation of transactions with our customers and brokers and dealers
  • Confirmation of failing transactions
  • Creation of fail reports
  • Creation of vendor-based trade reports

What is TMPG?


The Treasury Market Practices Group (TMPG) is a group of market professionals committed to supporting the integrity and efficiency of the Treasury, agency debt, and agency mortgage-backed securities markets. The TMPG fails charge for U.S. Treasury securities states that a buyer of Treasury securities can claim monetary compensation from the seller if the seller fails to deliver the securities on a timely basis. In an effort to penalize counterparties for not delivering securities in a timely manner, TMPG was formed to offset the time value of money that is lost. TMPG operates on a monthly basis (ex. February TMPG will happen in March), and all claims must be sent to counterparties within the first 10 business days of the month.
  • Responsible for adhering to all TMPG, MBS, and Bank Loan processes and guidelines
  • Creation and distribution of Claim Letters to counterparts
  • Process and facilitate up to multi-million-dollar TBA pair-off wires for 3 MBS settlement cycles per month
  • Process and facilitate hundred-million-dollar Syndicate and Agency loans for Cantor Fitzgerald's lending desk
  • Manage, research, and collection of TMPG Receivables per month
  • Active use of Hazeltree, Phase 3, Citrix, Helix, DTCC, FICC, and Oracle platforms

Qualifications

  • Excellent verbal, written, and non-verbal communication skills
  • Excellent computer skills including Microsoft Windows, Excel, PowerPoint, Word and electronic communications tools. Microsoft Certifications a plus
  • Problem solving skills
  • Ability to work independently and collaboratively with all levels of staff and management
  • Desire to continually learn

Educational Qualifications:

  • Bachelor's Degree required

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