Assistant Vice President, Post-Trade Expense Efficiency Analyst
Overview:
Jefferies is seeking to recruit a Post-Trade (Transaction Cost) Expense Analyst to support initiatives to optimize Jefferies Post-Trade expenses for ~$160 million.
Position Holder will be familiar with Trade Life Cycle for capital markets products (Equity, Fixed Income), as well as Market Infrastructure participants across regions (Brokers, Clearing houses, exchanges, CSDs etc)
Successful candidates will provide actionable expense insights to drive business decision making for cost reductions. Furthermore, successful candidate will liaise with a spectrum of stakeholders across Business Unit owners, Operations and Controller divisions
Responsibilities:
Engage cross-divisional relationship managers across Treasury, Operations and Front-Office (Client Connectivity) to identify opportunities for cost savings book of work.
Develop Unit Cost expense insights for post-trade ancillary expenses
- This includes cost drivers for Trade reporting fees, Client connectivity, Capital markets settlement fees with CSDs, Agent banks,
- Highlight exceptions and outliers vs standard cost drivers
Service Comparison across Post-Trade vendors
- Standardize services procured across vendors (invoice label grouping)
- Continuously highlight duplicate services procured (by business, desk)
Qualifications:
- Bachelor’s degree or equivalent in a numerate or business-related discipline
- Strong working experience (5 years+) involving data analysis, reconciliation of large datasets and interpreting data
- Strong knowledge of Microsoft products (Excel, Word, PowerPoint, Access).
- Knowledge of Trade-Life-Cycle for financial products, as well as, key market infrastructure participants across regions
- Familiarity with Capital Markets instruments across Equities and Fixed Income (Stock, Options, Bonds, Futures, Swaps)
- Issue Management – Articulation of issues and discrepancies in detailed manner, capturing target fix dates and resolution comments from internal and external parties.
