Interest Rate Derivative Trade Processing and Payment Officer
Joining the business as the IRD Trade Processing Payments Officer you will be responsible for all trade processing for Structured Rates operations. You will be ensuring all incoming trade amendment requests received from Front Office are correctly processed via the trade booking systems. In addition to performing trade amendments and trade updates ensuring any resulting PL movement is related to Front Middle Office.
Your other duties will include but is not limited to:
* Accurate RIMMS payment/ receipt input.
* Pre-confirmation of all OTC Derivative cash with counter parties.
* Review all trade failures.
* Monthly settlement and re-apportion of Rates clearing brokerage ensuring reconciliation is completed prior to month end.
* LIBOR/ EURIBOR/ JIBAR rate fixing of FID products.
* Daily CDS clearing house margin payments.
* Ensure daily controls/ procedures and standing orders are maintained and adhered to.
* Ensure all regulatory reporting obligations are met by the required deadlines for the business.
* Monitor/ review incoming queries received from other global offices.
To qualify for the role you MUST have:
* Worked in a similar IRD role.
* In-depth knowledge and practical experience of Derivative securities (preferably within Interest Rate Derivatives)
* Solid experience within settlements/ booking of Structured Rate Derivatives.
* Cash management knowledge.
* MS Office literate (Excel in particular).
* Excellent team-player with a can-do attitude and willing to assist colleagues.
* Strong work ethic and ability to work under pressure.
* Ability to adjust to fluctuating workloads and maintain high level of accuracy.
Please note your application will only be considered if you meet the requirements above.
If interested in the role please apply today.
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