Trade Support Associate: FX & Commodities
Makosi Inc. - New York, NY

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Makosi does Project Work. We provide operational and change related project staffing to deliverable based project execution & consulting services. Our clients include some of the largest banks, brokerages, asset managers and hedge funds globally.

Required Qualifications

As a result of Mandatory OTC Clearing we are looking for candidates with experience across all post trade activities (Middle Office, Settlements, Control and Documentation within for FX, Commodities, Rates and Credit Derivatives. Some of the daily functions and tasks are :

• Providing support to the Sales Desk for Listed/OTC Derivatives and FX
• Liaise with clients to assist in back loading efforts of clients portfolio's and applicable testing
• Facilitating Account Opening and Account Maintenance liaising with Sales and Clients to ensure that the necessary documentation is received on a timely basis to enable client adoption to be completed to ensure adherence to compliance and regulatory rules
• Build strong working relationships and liaise with internal and external dependents including Clients, Sales, Trading, Credit, Legal and Operations.
• Perform daily reconciliation of allocated settlement discrepancies
• Monitor counterparty exposure on OTC Derivative products and source/distribute trade valuations
• Make, receive & satisfy margin calls
• Conduct Portfolio reconciliations
• Reconcile daily marks in order to resolve MTM discrepancies
• Develop a technical understanding of supporting applications and architecture identifying opportunities for improvement


• Excellent grasp of products and trade lifecycle
• Minimum 3 years OTC Derivatives processing and/or control experience
• Bachelors Degree in Finance or Economics
• Good system skills including Microsoft office suite (Advanced Excel), Bloomberg, Markit, Calypso

In addition the successful applicant shall possess a thorough understanding of FX, Commodities, Credit and Interest Rate Derivatives

Makosi offers above average remuneration, medical insurance, 401K, training and other benefits

Required Skills

About this company
Makosi has been providing specialist consulting services to top tier clients since 2001. Originating in South Africa and supporting some of...