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EMEA Linear Rates – Trade Support

  • Salary: £350 - £395 per day
  • Job type: Contract
  • Location: City of London, London
  • Sector: IT
  • Date posted: 24/10/2018
  • Job reference: BBBH91261

EMEA Linear Rates - Trade Support to be based in London, Canary Wharf on a 12 Month contract. Experienced Trade Support Executive to work closely with business partners (Accounting, Finance, FO, Marketers, Credit, Settlements, Confirms, and Technology) in order to manage the operations front to back. The ability to communicate complex matters in a clear and concise manner is essential whether dealing with the FO or with other support groups.

Job Title - EMEA Linear Rates - Trade Support

Location - London, Canary Wharf

Rate - £ 395 per day

Duration - 12 Months

About Rates Middle Office

Linear Rates MO provides operational supports to the EMEA Rates Swaps Trading Business covering trading desks dealing in G10 & GEM currencies. The team is responsible for all aspects of trade management, from trade inception and maintenance to expiry, giving a good all round view of the trade lifecycle. We provide full and dedicated support service to the business and maintain a high degree of control across all aspects of the process.

The role entails significant interaction with a variety of business partners (Accounting, Finance, FO, Marketers, Credit, Settlements, Confirms, and Technology) in order to manage the operations front to back. The ability to communicate complex matters in a clear and concise manner is essential whether dealing with the FO or with other support groups.

Key Responsibilities

Pre-migration activities and post migration stabilization in a new prime record system.

The pre migration activities include visual and/or data set comparisons of prime record trade details between old/new system and identifying patterns of differences and proposing solutions along with technology groups.

Post migration activities are focused on live trade exception management within multiple post execution controls, for example this can include validation of certain trade attributes are correctly specified within the trade bookings and supporting the tracking/recording of bug fixes in the post migration phase

Clear and concise communication with FO and all support teams to ensure the timely and efficient resolution of queries.

Participate and contribute to the various strategic initiatives; keep improving & evolving processes & business architecture.

Build an in depth understanding of all trading structures from both a financial and operational perspective.

Timely and accurate capture of all transactions in the Risk Management Systems.

Complete Intraday / EOD processes including completeness and reconciliation checks to ensure capture of new trading activity and general book management has been processed accurately.

Ensure all controls are diligently performed, completed and signed off on a timely basis.

Skills & Experience

Some of the skills that we look for to integrate the team are:

Understand all relevant derivatives and hedging products booked into the banks core Risk Management System. The products covered are Interest Rate Swaps, Basis Swaps, Cross Currency swaps, Forward Rate Agreement (FRA), Foreign Exchange (FX), Zero Coupon and Overnight Index Swaps (OIS), Bond and Futures.

Have a good knowledge of the front to back Operations process (including the key elements such as confirmations, settlements, Reg reporting) and facilitate issue resolution across teams.

Understand the key elements of other infrastructure groups i.e. Finance, Market risk, Credit risk, Operational risk, Legal, Collateral etc. and recognise the impact of the actions of the Trade support team on these areas.

Must have clear communication skills, and an ability to use these to work collaboratively, explain and challenge as appropriate.

Attention to details and sense of ownership.

Great team player able to work in a pressurised and changing environment.

Possess strong analytical & numerical skills.

Strong technical skills, especially in Excel (VBA is a plus).

Problem solving: developing and implementing solutions to often complex workflow issues.

Control: understanding and implementing the control framework to mitigate risks through the transaction cycle.

Project Management: delivering tactical and strategic systems/process solutions

We are looking for candidates who display drive and enthusiasm, who are highly numerate, work well as part of a team, have strong communication skills. They need to be able to adapt quickly to a highly changing and challenging environment as well as to implement those changes smoothly. They will work closely with the Front Office as well as other Operational departments, AD and Finance and will require the ability to build effective working relationships with these groups.

Candidates should submit CVs in the first instance. Mike Tripp 0161 924 3631

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