Job Description

HCLTech is looking for a highly talented and self-motivated Functional SME – Front Office / Middle Office (Capital Markets - CMS) to join it in advancing the technological world through innovation and creativity.

Job Title: Functional SME – Front Office / Middle Office (Capital Markets - CMS)

Position Type: Full-time

Job ID: 1641832BR

Location: Jersey City, NJ

Detailed Job Description:

The Functional SME – FO/MO provides domain expertise across trade capture, execution, risk monitoring, P&L, position management, and trade validation. The SME ensures smooth trade flow from Front Office order management/execution platforms into Middle Office risk and confirmation systems, and provides functional guidance for transformation, automation, and control improvement initiatives.

The role also acts as a bridge between Trading Desks, Risk, Back Office, and IT teams for system implementations, process redesigns, and operational optimization.

Key Responsibilities:

1. Functional Expertise:

• Act as domain authority for Front Office (trading/execution) and Middle Office (trade validation, P&L, risk, and position management).
• Monitor trade lifecycle from order capture to confirmation, ensuring timely trade enrichment, validation, and exception handling.
• Support intraday P&L, risk, and exposure reporting for equities, fixed income, FX, and derivatives.
• Oversee trade allocation, confirmation, and limit checks, working closely with FO and BO teams.

2. F2B Testing & Transformation Leadership

• Build high-quality test scenarios: TLC in Investment Banks, Test Scope Definition, Test Case Review & Approval, Data Setup
• Test Data Log Validation (End-to-End Traceability). Use test data logs to, Prove end-to-end data lineage, Support defect root-cause analysis, Detect silent integration failures, Support audit & regulatory readiness
• Ensure logs are actively used during: 1. SIT, 2. UAT & 3. Go-Live & Hypercare
• Lead SIT/UAT/NFT/Regression cycles.
• Conduct daily defect triage & functional signoff.
• Nearest Neighbour Testing (Data Accuracy Under Change)
• Previous experience in large testing programs would be a plus.

3. Automation Governance & Ownership

• Strategic oversight to improve testing efficiency and reduce cycle time
• Drive automation for critical integration points such as, API-based data exchanges, Trade Lifecyle events, Reconciliation workflows & Batch/EOD validations
• Reduce manual testing dependency, increase testing coverage and speed
• Set Automation entry criteria & controls
• Reporting and Governance

4. Process Optimization & Transformation:

• Document As-Is and To-Be processes across FO/MO workflows.
• Identify automation, STP improvement, and control optimization opportunities.
• Define business and functional requirements, participate in system rollouts and enhancements (e.g., Murex upgrade, Bloomberg TOMS migration).
• Conduct UAT/SIT, process validation, and post-implementation support.

5. Risk, Control & Compliance:

• Ensure trade validation controls are implemented and monitored.
• Validate limit breaches, margin requirements, and risk exceptions.
• Support regulatory compliance (MiFID II, EMIR, SFTR, Dodd-Frank).
• Partner with Risk and Compliance teams for intraday and EOD risk reporting.

6. Stakeholder Management:

• Serve as SME liaison between trading desks, middle/back-office teams, risk, finance, and IT.
• Provide domain guidance for system integrations (OMS, EMS, MO risk system & BO settlement).
• Lead workshops, training sessions, and knowledge transfer for new processes or systems.
• Prepare management reports, dashboards, and executive summaries.

Key Deliverables:

• Process Maps (As-Is / To-Be)
• Functional Specification / Business Requirement Documents
• Risk & Control Matrices
• Trade Validation and Reconciliation Reports
• UAT/Test Case Documentation and Sign-Offs
• Transformation / Automation Recommendations

Required Skills & Qualifications:

Education: Bachelor’s degree in Finance, Economics, Commerce, or related field. MBA / CFA / FRM preferred.

Experience:

• Previous experience in large testing programs would be a plus.
• 8–15 years in Capital Markets, with strong FO/MO operations exposure.
• Hands-on experience with trade capture, execution, risk, P&L, and position management.
• Multi-asset class exposure (Equities, Fixed Income, FX, Derivatives).
• Experience in system implementation, migration, or transformation projects.

Functional Expertise Areas:

Domain Core Responsibilities

• Front Office (FO) Trade capture, order routing, execution, allocations, limit checks, P&L tracking
• Middle Office (MO) Trade validation, confirmation, intraday P&L & risk reporting, exception management
• Risk & Compliance Limit monitoring, margin & collateral checks, regulatory compliance
• Process & Automation As-Is/To-Be documentation, STP optimization, automation, control enhancements.

Applications / Tools Expertise:

1. Front Office / Order Management Systems (OMS/EMS):

• Trade Capture & Routing Ullink UL Bridge / OMS, Fidessa JTP, Bloomberg TOMS, FlexTrade, ION Trading, Charles River IMS, Aladdin OMS
• Execution & Connectivity Refinitiv FXall, Tradeweb, MarketAxess, SimCorp Dimension

2. Middle Office / Trade Validation & Risk Platforms:

• Trade Validation & Risk Murex MX.3, Calypso / Adenza, Summit, Sophis, Front Arena, Misys FusionInvest
• Confirmation & Matching Omgeo CTM, MarkitSERV, Traiana Harmony, ICE Link, DTCC DerivSERV
• Collateral & Margin Ops TriOptima, AcadiaSoft, CloudMargin, Algo Collateral

3. Reporting, Analytics & Automation:

• Reporting & MI Power BI, Tableau, QlikView, Excel VBA, SQL, Python (basic)
• Automation UiPath, Alteryx, Blue Prism, Automation Anywhere
• Workflow & Documentation MS Visio, ARIS, Signavio, JIRA, Confluence, ServiceNow

4. Regulatory & Compliance Tools:

• Tools for limit monitoring, risk reporting, collateral management, and regulatory reporting (e.g., EMIR Reporting Tool, SFTR reporting systems, MiFID II Trade Reporting Platforms).

Soft Skills:

• Strong analytical and problem-solving skills.
• Excellent communication and stakeholder engagement abilities.
• Ability to work with cross-functional and global teams.
• Experience leading workshops and providing functional guidance to technical teams.
• Strong control and governance mindset.

Preferred Requirement:

• Consulting or advisory experience in transformation projects, FO/MO due diligence, or platform migration.
• Participation in system migration / OMS upgrades (Fidessa → Bloomberg TOMS, Murex/Calypso).
• Exposure to STP optimization, API integration, and workflow automation.
• Familiarity with cross-asset derivatives, FX, and multi-asset P&L attribution processes.
• Regulatory Awareness MiFID II, EMIR, SFTR, Dodd-Frank
• Preferred Background Investment Banks, Prime Brokers, or Advisory Firms

Pay and Benefits

Pay Range Minimum: $74000 /Annual

Pay Range Maximum: $151800 / Annual

HCLTech is an equal opportunity employer, committed to providing equal employment opportunities to all applicants and employees regardless of race, religion, sex, color, age, national origin, pregnancy, sexual orientation, physical disability or genetic information, military or veteran status, or any other protected classification, in accordance with federal, state, and/or local law. Should any applicant have concerns about discrimination in the hiring process, they should provide a detailed report of those concerns to [email protected] for investigation.

Compensation and Benefits

A candidate’s pay within the range will depend on their work location, skills, experience, education, and other factors permitted by law. This role may also be eligible for performance-based bonuses subject to company policies. In addition, this role is eligible for the followi14520ng benefits subject to company policies: medical, dental, vision, pharmacy, life, accidental death & dismemberment, and disability insurance; employee assistance program; 401(k) retirement plan; 10 days of paid time off per year (some positions are eligible for need-based leave with no designated number of leave days per year); and 10 paid holidays per year.

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