Trading Assistant, Emerging Markets, Analyst

Job Number:

3232186

DESCRIPTION

Basic Purpose:

The Trading Assistant team provides trading and system support to a small group of investment professionals and serves as the primary point of contact for counterparty, custodial, and fund accountant inquiries.

Training and Career Development:

New hires will undergo the Trading Assistant Training Program to assist them in acclimating to their new role within the department, while also providing them valuable resources to further their career. The program will be for one year, with the expectation that the candidate will commit to two additional years as a Trading Assistant beyond the end of the program. During the first few months, the candidate will attend formal training that covers an array of topics. This will include training on the various roles within the Global Income department, trading and settling specific instruments, understanding the various systems used on the trading desk, classes focused on coding, and various other on-the-job training sessions.

New Trading Assistants will also have a rotating mentor and attend lunch & learns offered by Eaton Vance, as well as by others in the Global Income department. The program may provide opportunities to travel to London and Singapore based on satisfactory job performance and needs of the department. At the end of the three-year period, and based on job performance, the candidate should expect to continue their progression to complete the CFA, apply for business school, or transition to a new role within the department.

Primary Responsibilities:

• Monitor existing positions and coordinate execution with traders and portfolio managers.
• Perform post-trade functions including confirmation and providing allocations to brokers both manually and through electronic platforms.
• Work with our custodians to ensure settlement of trades and communicate with our counterparties to resolve any discrepancies.
• Assist with other department projects and functions as needed.
• Monitor FX matching and netting. Ensure timely settlement to reduce risk of interest claims.
• Assist traders with pre-trade checks including confirmation of our derivative positions, current cash balances, and available settlement locations.
• Monitor corporate actions and provide color to portfolio managers to assist in making election decisions.
• Track currency hedges or trading needs of other EV departments.
• Confirm and clear eligible IRS, CDS and NDF positions.
• Assist the trading desk in onboarding new counterparties, markets or trading systems.
• Assist with reporting under Dodd Frank and EMIR, as well as confirm compliance with local market regulations.

QUALIFICATIONS

• Demonstrated quantitative aptitude.
• Long and flexible hours dependent on liquidity of relevant markets.
• Strong communication skills and ability to work both independently and within a team.
• Must be organized and have strong attention to detail.
• Bachelor’s degree with strong academic record.
• Understanding of basic financial concepts through coursework or job experience.
• 1+ years of relevant experience is a plus.
• High level of efficiency and ability to multi-task under pressure.
• Currently working towards a CFA or equivalent designation is a plus, but not required.