Is this a MO or FO role?
Hi,
Need some insights in below job description, this is within custody & fund service. Is this FO or more MO position?
Job Description
The Analyst will be responsible for covering the exposures of the Global CFS Liquidity & Trading Services group with a primary focus on the NA business. CFS Liquidity & Trading Services consists of a group of businesses that are responsible for facilitating different aspects of client activity. These activities range from client flow, to cash liquidity management, to market making, deal structuring & include:
Securities Lending Desk
Liquidity Management
Collateral Management (Securities & Derivative)
Depository Receipts & ADR/ORD market making
FX Custody
Cash and Liquidity Markets (CALM)
These activities are conducted in most regions and cover instrument types that include securities lending transactions, repo style transactions, short-term interest rate products, cash securities, derivative instruments, FX products, & money market funds.
Responsibilities
Develop a healthy risk culture with the desk that fosters the sharing of information, awareness of firm policies, and an intuitive sense of what should be escalated
Manage projects focused on development and continued improvement of exposure reporting and processes.
Monitor and analyze market trends and movements, relate them to the desk’s activities, be vocal and share those observations and opinions with our global team
Review proposed trades, participate in client prospect meetings, & ensure sufficiently capitalized for the exposures taken in each transaction. (Risk/Reward reviews across the desks)
Ensure compliance with the mandate set for the Custody & Fund Services trading services desks including Contingent Market Risks, Basis Risks, Fiduciary Risks, Credit Risks, Liquidity Risks, and Operational Risks
Daily review of the trading desk’s exposures, significant changes, compliance with risk limits, and stress results.
Communicate regularly with the Trading Desks, Product colleagues, Quant Research, Credit Risk Officers, Risk Management, Product Control, Product Development, and Technology
Requirements
Bachelor of Science degree in Finance, Economics, Statistics, Business Analytics, Computer Science, or Mathematics; Top Tier College or University a plus.
Basic knowledge of securities markets including how these instruments are impacted by various market factors
Ability to troubleshoot & problem solve, process large amounts of data efficiently, and understand the context and implication of the work.
Advanced Microsoft Excel & PowerPoint skills a must; ability to program (e.g. VBA, R, SQL, or Java) a plus.
Strong relationship building, presentation, written and oral communication skills.
Ability to multi-task and prioritize, meet challenging deadlines, works well in a team environment.
Strong quantitative background and basic understanding of risk and/or pricing models
state street?
jp morgan
This isn't in any way FO. There is a MO within BO. And it might vary between companies. But I currently work in that department, where I am considered to be in MO. But outside of that company, it will still be considered BO. I've been stuck at this place and haven't been able to escape out of it. If you really need a job, that's one thing. But if you can avoid this in any way, if I were you, I would. Plus there are much better jobs, that you can find which can help you achieve, which I assume, is a role within BB IBD or something along those lines. Plus, this sounds more like operations, and if my operations team is any indication of this kind of job industry-wide, STFA! YOU CAN FIND BETTER!
Dude, you asked this same exact question about a month ago. It's still BO. Super BO.
two different job descriptions, are you sure?
This sounds like sec lending and financing...its a semi-front office position...but its not the type of trading that you are normally familiar with...in this role (sec lending and financing) you generally are not taking risk on the market price of assets...but the credit risks of the firms customers. Its not a bad place to start your career in operations. You won't be "trading"...you will be analyzing credit risk...arranging financing...however, any role where you deal with customers and "risk" is technically "front office"...but this is probably on the cusp between front and middle office.
Potential exit ops include credit based roles...since you will be doing credit based analysis. However, you won't get day-trading type experience that helps you make buy/sell decisions on securities. This is more long term financing risk...but there are some buyside roles where this experience can be useful...but its more esoteric than buy at 10, sell at 11.
edit after re-reading the description, it says you will support businesses that engage in market making...but it doesn't say that you will be market making. This is a squirly way of tricking you (and me). This is indeed middle office. It tricked me...just like it tricked you.
Thanks so much for the reply, it's really helpful! I talked to the hiring manager and it's more like a product management role according to him. So sounds like it's MO, and you think the exit ops are not that good?
exit ops for operations and product management are just more operations...although MBA programs tend to like operations people.
You won't find ops people admitting that their job is operations.
This is an MO role. Quick rule of thumb for anything in Asset Management - if it has a really long title, then it is generally MO/BO.
Research, Trading & Portfolio Managers are the true FO of an Asset Manager.
MO borderline BO. If your goals are FO, stay clear of this role
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