Credit Derivatives Middle Office recruitment

Role:

This role will be within the existing Credit Middle Office team and will be based in Tokyo. He/she will report to the local Head of the Fixed Income Middle Office team. The Fixed Income Middle Office team supports the Japan Fixed Income Trading Sales Desk across a full range of products, including:

- Rates – Bonds, Swaps, Inflation / Index Links products, Exchange Traded Derivatives, structured products
- Credit – Bonds, Credit Default Swaps, Exchange Traded Derivatives
- Treasury – Short End Interest Rate Products (Repo, Loans / deposits, FX, Bank Funding,)
- Structured Products
- Sales Desk – all of the above

Middle office’s primary responsibility is to operate as a verification and validation control function for the Bank’s Transaction Position Data. As this data used by the Banks system of records for the various Risk, Credit, Finance and Operations control groups, it is imperative that this information is captured timely and accurately on the trade date. Middle Office’s mandate is to be responsible for the validation of the accuracy and completeness of post execution trade activity and the Transaction Position Data through its life cycle events. This will include:
- Trade capture in risk management systems is timely accurate to enable trading off true correct risk positions.
- Information flow to the downstream settlement teams (Securities Utility) is complete, timely accurate.
- Single point of contact between Operations the Business
- Single point of contact for client queries
- Client Service Organisation (CSO) handling client’s relationship management from an Operations perspective.

The ideal Credit Middle Office candidate will be well versed in the Front to Back Processing environment within an Investment Bank, with expertise in the Credit Fixed Income space (additional Rates/Structured experience is a plus). Functional coverage will include deal input, deal checking, system to system reconciliations, break resolution, PL break investigation and ad-hoc trading queries. There will be an expectation to contribute to process improvement through streamlining processes automation where possible.

It will be crucial to develop strong working relationships with all traders, sales support functions

Requirements:

- Strong working experience, 3 to 5 years, in credit middle office trade capture and processing with the following products: Domestic and Foreign Bonds, EMTN issuance, CDS, ABS, MBS, CB's Structures and Exotics, SPV’s
- Moderate to strong skills in Excel VB and VBA, good working knowledge of how system flows and interact with each other.
- Experience with TriOptima, CCP (a plus), and PnL (a plus)
- Advanced Excel / VBA skills
- Problem solving skills
- Strong communication skills
- Ability to work individually but also within a team environment
- Ability to work under pressure
- University Degree essential (Business Degree, Maths or Computer Science - Desirable)- Residing in, and/or visa-holder to work in Japan mandatory
- English - Native/Business level, Japanese - Desirable but not essential