Credit Derivatives, Trioptima and Credit Lifecycle team
A fantastic opportunity has become available for high calibre individual to join The European Balance Sheet Optimisation and Credit Lifecycle team of my client a top tier Investment Bank based in London.
The team is responsible for ensuring the ongoing integrity of the structured Credit Derivative trade population throughout their life cycle in Summit.
Main Function
- Co-ordinate weekly Business As Usual cycles with our current vendor in Europe.
- Ensure all allocations are booked by currency deadlines.
- Investigate, prioritise and resolve queries raised in relation to Structured trade bookings on behalf of the desk.
- Liaise with internal desks and external counterparties to ensure optimal results and maximum participation in for TriOptima and Dealer to Dealer Clearing.
- Ensure all results are received successfully via STP and any changes in risk are reflected in the books and records on trade date.
- Update key stakeholders, with a diverse global audience.
- Manage all Succession Event processing to ensure our books and records are in line and Events are processed according to ISDA and Markit updates.
- Cross train in Credit Event processing to provide cover if the SME is out of the office; inclusive of participation where possible in market drives for Strategic Restructuring solutions on Cleared trades.
Main Duties
- Liaise with our vendors and internal desks to ensure optimal results and resolve any ad hoc queries.
- Ensure maximal participation internally and across our counterparties in all balance sheet optimisation cycles.
- Reconcile the results to ensure we have no PnL or risk impact.
- Provide end of cycle updates to the business and key stakeholders, with Clearing go live to date volumes and anomalies.
- Full end to end ownership of Lifecycle processes within Credit Operations.
- Enhance control environment.
- Implement automation to reduce manual touch points.
Candidate requirements
- Ideally experience with Credit products.
- Detailed understanding of ISDA documentation framework and Credit Derivatives market rules.
- Basic understanding of recent market changes and the impact of balance sheet optimisation and Clearing.
- Knowledge of end to end Credit corporate action workflow and system processes.
- Excellent Excel knowledge.
- In addition the ideal candidate will be enthusiastic, team driven, diligent, confident and a good problem solver.
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