EY - Consultant - Mortgaged Backed Securities

Responsibilities

- Maintain the entire lifecycle of liquid trading products traded across all trading desks. Products include MBS, distressed corporate debt, US treasuries, financing arrangements (repo,TRS, bespoke facilities), and derivatives (Interest Rate Swaps, Futures, Credit Default Swaps, Swaptions, FX Forwards, etc.). Specific responsibilities include:

- Trade entry into the firm's Order Management and Accounting systems.

- T+2 Repo Reset Level Processing.

- Perform end to end middle office function for Repo product.

- Booking and reconciling position maintenance events (paydowns, remittance, corporate actions, coupon rate updates, swap resets, swap rolls).

- Ensuring proper settlement of all trading activity on the street.

- Working with the trading desks, other CCM infrastructure functions, and third parties to close private deals.

- Producing and tying out a Flow of Funds schedule for new deals

- Working with internal Tax group and external counsel on proper legal structures for new deals

- Liaising with financing counterparties to repay old financing and obtain new financing

- Liaising with trustees, prime brokers, and escrow agents to ensure proper settlement.

- Monitor daily exposure using the firm's collateral management system to ensure we issue and respond to all margin calls appropriately.

- Working with fund administrators, prime brokers, and counterparties to perform critical reconciliations.

- Month end position and PnL tie-out with fund administrators to close the books.

- Daily trade reconciliation with prime brokers.

o Reconciliation of all book and street cash activity in the firm's cash reconciliation system.

- Work with the Investment Operations and Business Optimization teams on various projects aimed to automate/improve current processes.

- Liaise daily with the trading desks to assist with all ad-hoc requests, including P&L analysis, liquidity analysis, etc.

- Document non-standard trades, allocation errors, and participations for the firm's allocation committee. Create standard fund allocations and hedge allocations.

- Maintain meta and financial data in our Data Warehouse Management system and build Data Warehouse reporting leveraging this information.

- Ad-hoc project ownership.

- Monitor daily/weekly/monthly checks and assist in development of new checks to manage operational risk.

Desired Experience, Skills, and Background

- 5+ years experience in a related middle or back office role.

- B.S. or Master's degree in finance, accounting, economics, or a related field.

- Experience working with the various financial products described previously in a middle/back office capacity.

- Mandatory technical skills: MS Excel, other MS Office programs

- Useful technical skills: programming languages (Python, VBA, SQL), Visual Portfolio Manager, Bloomberg terminal.

- Familiarity with accounting concepts. Experience with SPV structures.