Teamware Solutions jobs - Associate Procurement Brokerage Support

Purpose of Role

The role is to assist the Brokerage Buyers and Senior Procurement Manager Brokerage based in London completing a number of operational tasks and process checks.

Scope of Role

·        This role supports the management of Brokerage and (Trading) Transactional fees for CIB Global Markets globally working directly with the UK Procurement Brokerage team.

Brokerage and Transaction Fees Management Team are responsible for:

·        Commercial management of transaction cost base for Fixed Income, Equities and Commodities businesses.

·        The relationship (and risk) management of interdealer brokers (to ensure these are in good standing).  

·        Management reporting of fees and 3rd party relationships to Front Office management and heads of the desk. 

·        Operation of controls and systems that ensure correct application of contracts and fees.

Key Responsibilities of Role:

·        Manage the Requests Process using the MAOS tool. Validate the request step against required information received by the Business or Broker. Interact with MAOS team on request actions as directed by Brokerage Buyers. Ensure MAOS activities reflect the current status.

·        Complete Invoicing Queries queries/checks as raised by the Back Office Invoicing Functions including validating rates vs query. Raise awareness to Brokerage Buyers for any missing rates requiring negotiation.  Update the referential IBIS rates tool as directed by Brokerage Buyers. Ensure all rate entries have a corresponding rate card uploaded into the IBIS system.

·        Assist in KYC Recertification actions. Check Broker activity and status for KYC recertification to proceed. Provide rate cards and Broker contacts for Client Management Due Diligence Activities on KYC recertification and deactivation as directed.

·        Assist in the financial report information and data gathering from the Back Offices globally. Run financial reports from internal systems to build the cost reporting data. Work with the Brokerage Buyers to create the financial reports.

Skills, Experience & Competencies

• 3-5 years experience working in Sourcing & Procurement domain or Operations function
• Financial Services / Capital Markets experience / some knowledge of fixed income, equities, and commodities products.
• Operational or administrative background with experience in research and invoice queries.
• Effective verbal and written communication skills
• Attention to detail, manage multiple undertakings at the same time, and focus on priorities

·        Experience working successfully in a multicultural environment 

·        Proficiency in Microsoft Office (Word, Excel)

·        Good problem-solving skills

• English required