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Whether you're an investment professional, an expert in sales or a technology specialist, you'll find a culture at MFS that supports you in doing what you do best. Our employees work together to reach better outcomes, always favoring the strongest idea over the strongest individual. We put people first and show care and compassion for our community and each other. Because what we do matters - to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.
Job Description Position Title: Trade Processing Coordinator
Following established procedures, ensures accuracy and validity of all details of each security transaction executed by a portfolio trader. Ensures transactions not executed by a portfolio trader are accurately reflected in the company's internal accounting system. Facilitates timely and accurate communication/notification of trades to the relevant parties.
1. Ensure all trades executed in a trading system are processed in the company's internal accounting system in an effort to prevent incorrect transaction or position data from being sent to various internal systems or reflected on reports which use data from the accounting system. 2. Ensure all trades not executed in a trading system (primarily derivative transactions) are manually updated in the company's accounting system. Using judgment and established procedures, aims to reduce manual input errors. 3. Update the accounting system and trading system with factor updates as needed on all securities held in the company's inventory that require a factor. 4. Monitors a variety of data checks to ensure the accuracy of data within the Trading and accounting systems to minimize the risk of using erroneous information during any step of the investment process. 5. Research and resolve open factor or trade issues. Escalate issues to Trade Processing Team Leader/IO Manager where necessary. 6. Allocate mortgage-backed TBA trades and handle all associated processes pertaining to MBS securities. 7. Update accounting system with transactions pertaining to transfer-in-kind or paydown transactions and ensure corresponding portfolio positions were updated properly. 8. Conduct daily review of futures collateral holdings and ensure that we are meeting necessary margin requirements in an effort to avoid any financial loss which could occur if sufficient collateral is not posted. 9. Conduct daily review of collateral on OTC derivatives and ensure that MFS or MFS' counterparties have the required amount of collateral posted to ensure compliance of requirements specified under our ISDA agreements and to minimize counterparty exposure where possible. 10. Facilitates movement of collateral to counterparty or custodian bank as needed. 11. Performs additional responsibilities as requested.
J OB REQUIREMENTS:
1. Bachelor's degree or equivalent. MFS' job descriptions reflect management's assignment of essential functions, which may be subject to change at any time due to constantly changing business needs. 2. Fund Accounting or related mutual fund industry experience 3. Strong Microsoft office skills 4. Strong knowledge of all security types including equities, bonds, interest rate swaps, credit default swaps, total return swaps, futures, options, MBS pools, asset-backed securities, bank loans, short-term securities, foreign exchange and TIP securities. 5. Ability to learn and master all inventory, accounting, and trading systems 6. Ability to consistently, perform in a time sensitive environment with multiple daily deadlines 7. Superior communication, organization and prioritization skills 8. Ability to work autonomously as well as within a team environment 9. Attention to detail, multi-tasking and problem solving skills are essential 10. Desire to provide exceptional client service to internal and external contacts
If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email firstname.lastname@example.org for assistance.
MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. " Click here to view the 'EEO is the Law' poster and supplement ."