Market Specialist

2 weeks ago


London, United Kingdom Thomas Murray Full time

**Role**:
Responsibility for ensuring TM provides effective and efficient monitoring of sub-custodians, cash correspondent banks, Financial Market Infrastructure (FMIs including CSDs and CCPs) and market practice through products such as Securities Market Information (SMI), Cash and Treasury Profiles (VTP), MASRA and CMIRA. Monitoring of post-trade counterparties and maintenance of market models will be conducted through a combination of continual data feeds and on-site operational review visits. Each Market Specialist has a specific Regional zone of Responsibility (RzR) and must ensure that TM delivers an effective service to its clients within agreed performance standards.
Depending upon incumbent’s experience, and training, the RzR will differ.

**Responsibilities**:
Work in a specific team dedicated to an RzR of 10-11 markets to execute the monitoring responsibilities.
Process and update the data and assessments for all reports maintained across the relevant RzR. This entails working with the Senior Analysts and Network Managers to ensure information is current, accurate and of sufficient quality for clients.
Maintain knowledge and experience of securities and cash correspondent services and market practices across all intermediary and infrastructure stakeholders including regulations and market operating procedures.
Maintain a running opinion of the risk mitigation, operational and service capabilities and other operational factors of intermediary and infrastructure custody and cash processing entities.
Identify trends and developments in markets within your RzR and work with your designated seniors to coordinate understanding of wider patterns of development amongst custodians, FMIs and market operations.
Analyse and summarise issues for further investigation with monitored counterparties during on-site reviews using received questionnaires and/or other third-party data sources. Participate in on-site and remote operational reviews of all intermediary and infrastructure stakeholders relevant to TM clients including sub-custodians, cash correspondent banks, CSDs, CCPs, Central Banks/Payment Systems, Stock Exchanges and regulators within the RzR.
Manage the junior/operational relationships with custodian groups, CSDs, CCPs and other market stakeholders as relevant to ensure the timely and expedient access to and cooperation of these groups in onsite reviews and continuing monitoring processes.
Assist with resolution of queries from clients. Attend client meetings as appropriate.
Work with other TM staff on analytical and consulting projects as assigned to ensure project objectives are achieved.

**Specific functional responsibilities**:
Quarterly analysis of bank financials (subsidiaries and parent groups), analysis and scoring of completed sub-custodian monitoring questionnaires (including any new agents), and update of rating reports.
Ongoing maintenance of controls and procedures documentation, tracking of deliverables against client agreed targets, support and monitoring of market visits against client requirements
Conduct analysis and evaluation of sub-custodians, cash correspondents, CSDs, CCPs and other related post-trade counterparties as appropriate. Assist the relevant senior with presentation of findings to the Risk Committee as required.
Assist the Network Manager in the preparation of call notes as specified.
Provide ongoing support and assistance to the development of other Thomas Murray business groups and assist in the development of products and services including operational tools and procedures in order to support and enhance the analytical review process used by Thomas Murray.
Assist in any other Thomas Murray initiatives and consulting projects as may be requested and required from time to time.



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