Associate, Trading

The Associate will be responsible for performing various trade and closing related tasks for high yield bonds and syndicated bank loan trades while working with the trading desk and counterparties throughout the trade life cycle. Essential Functions:Primary Responsibilities include, but are not limited to:Complete daily position, trade, and cash reconciliations. Present data to trading desks and work closely with portfolio administration, back-office groups, trustees/custodians, agent banks, and trade counterpartiesManage, communicate and present corporate actions and amendments to relevant parties while managing a log sheet with past actionsResponsible for T+0 trade tie outs and confirm process for HY BondsResponsible for T+1 trade tie outs and confirm process in ClearPar. This includes fund sub allocations, management of affiliate letters, and review of trade confirms, and transfer documentsEscalate trade-related issues appropriately and in a timely manner to tradersResponsible for data management in Everest and other downstream systems, which may include facility and trade capture for private portfoliosMaintain new account checklists, KYC process and fund on boarding with trading counterpartiesComplete liquidity checklistsComplete or assist in the completion of monthly, quarterly, ad-hoc reports for institutional clients Work on ad-hoc projects/presentations as determined by senior investment professionalsUnderstanding industry initiatives including implementation (i.e. documentation, industry standards, etc.)Suggest and develop new processes to mitigate risk and increase controlsQualifications and RequirementsBachelor degree in finance, accounting, economics or similar concentration is required0-3 years of experience in a trading assistant/loan closer roleProficiency and accuracy in use of Microsoft Excel, Word, Outlook and BloombergAbility to create formulas and use other features in Excel (e.g., pivot tables) to analyze and interpret dataWork experience in the middle office with trade settlementKnowledge of syndicated bank loans, High Yield Bonds and CLOs a plusResponsive, friendly, professional and proactive communication approachHigh level of initiative and self-motivation; results-orientedExposure to ClearPar or other bank loan closing systems, various agency sites and Bloomberg Deadline-driven and highly organized with exceptional attention to detailAbility to quickly learn new concepts and multi-task in a fast-paced, dynamic team environmentBenefitsThe US base salary range for this full-time position is $70,000-$85,000Crescent's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations