Derivative Transactional Control
Investment Bank in the City is looking to hire an experienced Interest Rates candidate to join their transactions team for a 6 month period.
The team provides a dedicated support service to the Rates flow business, with the overall objective being to maintain a high degree of control throughout the process.
Responsibilities will include;
Timely validation and accurate affirmation of all trades captured in the systems.
Completion of processes including completeness and reconciliation checks to ensure capture of new trading activity and general book management has been processed accurately.
Reconciliation of system PL to flash PL on a T0 / T+1 basis and resolution of any differences / discrepancies to trader and to the Finance area
Show an appreciation of the different support requirements for individual Traders, but seek consistency, and challenge in support of this, where applicable.
Through close liaison with the trading floor, ensure the timely and efficient resolution of trader queries,
Work closely with Operations functions and infrastructure groups to support a ‘one team approach’.
Ensure all reconciliations and reports undertaken in the area are complete and signed off on a timely basis e.g. internal deals, exercise reports, and trade exceptions reports.
Take full responsibility for the integrity of all curve data, underlying assets, trade booking, trade maintenance and appropriate reconciliations
Monitor trading patterns and behaviour to effectively support the business and assist with identification/escalation of potential fraudulent or unusual trading activity
Candidates will need a strong background in Derivative and hedging products that are booked into the banks core Risk Management System. The products covered are Interest Rate Swaps (IRS), Basis Swaps (IRS-B), Cross Currency swaps (CS) with Basis (CS-B) Basis Mark to Market (CS-B-MTM) variations, LOAN, DEPOSIT, Forward Rate Agreement (FRA), Foreign Exchange (FX), Zero Coupon IRS (ZC-IRC), Overnight Index Swaps (OIS), Options, Caps Floors, Inflation swaps.
Familiarity with PL processes would also be a distinct advantage, as well as an appreciation of risk and compliance procedures
Systems: Markitwire (essential)
For more information or to apply please contact Craig Murray on 0203465011
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