Fixed Income Exotics Anayst recruitment

Job Description
The primary goal of FI Exotics Middle Office is to work with Front Office to facilitate business growth while incorporating rigorous controls. We are looking for a motivated, intelligent team player to join our dynamic team.

Main Duties
The Middle Office team is responsible for supporting the Front Office in the business of dealing Exotic Interest Rate Derivatives. In practice this will mean being responsible for ensuring trades are booked accurately and generate the correct Risk and PL given the risk profile and structure of the trade. Emphasis of the role is the ability to provide various scenario and ad-hoc analysis for Front Office.
Specific Tasks:
1. Daily production of trading positions to Front Office. Provide detailed and value added analysis of any large or unexpected moves in the risk position.
2. Production of risk based PL Explain for the Front Office. Responsible for the investigation and resolution of any unexplained PL
3. Trade Life Cycle Management. The Middle Office are responsible for ensuring all market observations, barrier events, option decisions and cashflows are correctly represented on the trade bookings.
4. Reviewing all trades to Termsheets on T+1 and performing a full review to the Legal Cofirmation as soon as it is available.
5. EOD reporting to Front Office. Specifically providing a New Trades and Activity Reports, as well as position predicts based off parallel scenarios.
6. Establishing a strong Control Environment around the capture of Exotic Transactions such as Approximate Loads Policy, Model Migration and Off-Line Transactions.
7. Process Improvements. Middle Office is constantly seeking to innovate and rationalise existing processes. All team members are expected to contribute to this process.
8. Trade-event 'Scenario Analysis': Exotics Traders spend a lot of time reviewing past deals to see where risk/PL events have happened. A large part of the job will involve producing reports that help traders to analyse the portfolio and specific trades within it.
9. End of day market data environment generation and validation.
10. Testing and implementation of system upgrades, process improvements and trade/model migrations.

Person Requirements
Qualifications /education:
Essential
* Degree.
Preferred
*Numerate Degree/Masters Degree.
Experience required:
Essential
*Work experience within Finance with Middle Office or Product Control IR Derivatives Experience
*The candidate will be expected to understand the business from a non-accountancy point of view.
*Good knowledge and understanding of financial markets
*Experience of working against tight short-term deadlines in a dynamic, pressurised environment
*Work experience has involved direct interaction with Traders / Front Office