CDS Trader Assistant recruitment

Main Function:

The successful candidate will develop under the close supervision of other senior members of the team to become a competent TA.

The products will include swaptions, index, financial and sovereign CDS once they have shown competency with corporate CDS. They will be the first POC for their traders queries globally. There will be the opportunity to take ownership of the reporting for the team and the essential daily reconciliations that provide management with clear visibility of the team's performance. As an EU Flow team member they will be involved in the implementation of the new legislation and reporting that is being introduced including Dodd-Frank, project Falcon and client clearing. There will be a huge amount of exposure to other MO teams as the TAs are required to liaise with a wide range to ensure the smooth flow of trades.

Main Duties:
Ensure that all trades are matched and closed throughout the day and that the PnL and risk is correctly reflected in the live systems.
Match sales, internal and broker trades using the matching monitors within DMX and SWS and report any alleged trades to trading immediately.
Respond to all BQueries throughout the day.
Action all reports and monitor daily breaks.
Record the results of the reports on the team sharepoint and providing feedback to management on any aged breaks.
Ensure that the risk and control framework is adhered to and suggesting any areas where improvements could be made.
Work closely with MO teams to ensure timely resolution to all queries and escalate to management where necessary.

Person Requirements:
Will be able to demonstrate concise and accurate CDS product knowledge by the end of their rotation. This will cover single name corporates, financial and sovereigns and index products. It will also include lifecycle, pricing, docs, settlement, risk and PnL.
Involved in the new projects within the flow space and the management, testing and implementation of these. With a strong focus on the risk and control changes necessary to ensure the excellent standard within the flow team.
Develop strong system knowledge with ICE, DMX, SDAPS, DTCC and SWS.
Will gain a strong knowledge of interdealer same day clearing with good knowledge of the middleware platforms ICELink and Markitwire.

Ideal candidates will have strong credit knowledge and will have worked in a MO or FO Trade booking/capture position previously. A strong understanding of clearing and Dodd Frank initiative is also imperative, so plesae do not apply unless you have proven exposure to the above.

There are also opportunities for Structured Credit TA's and Emerging Market CDS TA's so please apply.