LIBOR Monitoring Manager.
Principal Responsibilities
- Monitor and test relevant controls defined in the conflicts of interest policy (e.g., surveillance of voice recordings, email and instant messaging communications, monitoring of brokerage paid to brokers by relevant desks).
- Undertake daily control testing for LIBOR rate setting and submission processes operated by the Money Markets desk.
- Proactively undertake assessments of daily LIBOR submissions against underlying transaction data and complete investigations of exceptions
- Perform comparison analysis of submissions with relevant financial data, including tolerance checks and trend analysis to identify submissions that may require further analysis (e.g., other submitting banks, broker quotes, FX arbitrage etc.).
- Complete reviews of sensitivity reports to identify positions held by other Financial Markets desk that could benefit from a LIBOR fixing.
Required Experience
- Knowledge of Financial Markets and specifically money market operations is Essential for this role
- Candidates must be able to demonstrate Risk management / Controls / Processes experience for key trading and financing areas, including cash and derivatives trading and treasury / liquidity management.
- Candidates should naturally be included to “get into the detail” of the work , taking an analytical approach. Often complex data will be need to be analysed to provide conclusions on the effectiveness of the LIBOR rate setting process.
Candidates must demonstrate significant Money Markets controls experience, ideally with a solid understanding of the Risks and Controls associated to LIBOR Submissions.
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