Derivatives Sales Support Analyst
Leading European Investment Bank is looking to recruit an experienced multiple product Derivatives Sales Support Analyst to support their sales trading desk.
The role will include some of the following key responsibilities:
Novations:
* Processing of Novations, IRD, FX and CDS. Ensuring all CREDIT Lines are checked in Val Risk, Consenting Novations in the electronic Platforms and ensuring bookings are updated in relevant Deal Capture systems.
* Monitor Collateral impact on trading PL for novations where the collateral agreement between the Step In and Step Out cpty changes currency.
Credit Derivative Swaps Coverage:
* Responsible for ensuring that all CDS trades are booked correctly and in a timely manner.
* Dealing with any issues post trade booking including middle office queries with DTCC matching or settlement problems.
* Act as a focal point for settlements, documentation and equivalent groups at the client.
* Working closely with trader assistants on re-booking and amendments
Foreign Exchange:
* Responsible for ensuring that all Foreign Exchange trades are booked correctly and in a timely manner by processing the necessary Block / Splits either by the Electronic messaging systems or by manual input direct into the FX systems
* Ensure all Booking queries are addressed and escalated to the Marketer where appropriate
* Ensure all trades are confirmed to the relevant Client on Trade Date
* Act as an intermediary between the Marketers and all Operational areas of the Bank
Interest Rate Derivatives:
* Ensure all trades are split as per client allocations in deal capture systems.
* Monitor Markitwire ensuring all trades are picked up and affirmed either by marketing or marketing support both New and Novated trades.
* Being the point of contact for all market queries from middle office.
The successful candidate will be expected to demonstrate a strong technical trade-lifecycle understanding across Novations, Credit Derivative Swaps (CDS), Foreign Exchange and Interest Rate Derivative (IRD) products preferably from a similar Investment Banking Sales Support or Sales Assistant background supporting trading and middle office teams.
Please only apply for this role if you can demonstrate the necessary technical competency to fulfil all of the above requirements. We look forward to receiving your application.
Goodman Masson is acting as an Employment Business in relation to this vacancy.
Goodman Masson is an equal opportunities employer.
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