Product Specialist – Rates MO recruitment
The nature of this support requires strong multi-faceted individuals who are able to understand the lifecycles of the products traded and the systems and reporting mechanisms required enabling full control and accurate and appropriate information to be supplied.
This role is to support the Australia G11 Delta Rates Business.
Business As Usual Middle Office Support is what this role requires.
- Interest Rate derivatives – IRS, Cross currency swap, interest rate future, FRAs, Bond Options, Swaptions, cap/floor, FX, OIS and structured derivatives
- Monitoring and compiling/running position reports
- Running Reconciliations of trades.
- Monitor risk and risk movements via position reports
- Preparing Flash PL for traders
- Liaison with Operations regarding amends.
- Liaison with Product Control regarding valuations (PL, decomp. and explanation) and processes they run for the desk.
- Trade validations and corrections
- Investigation of daily PL discrepancies and reconciliation issues.
- Investigating Cancel and amendments activity
- Ensure all activity generated for relevant product line by the Front Office is processed effectively
- Ensure all issues are dealt with effectively and resolved accordingly in a timely manner
- Support the Global and Regional Client Services programme ensuring that Operations can meet the service expectations of both internal and external customers
- Manage specific projects as delegated by Local Head of Middle Office
- Review, collaborate and prepare potentially new operational procedures in line with changes and developments in the business
Requirement
- Strong Operations or Finance experience in Vanilla Interest Rate Derivatives
- Product Scope to include : IRS, X-CCY Swap, OIS, FRAs, Swaptions, Range Accruals, Call/Put, Caps/Floors, Bond Options, Amortizing Swaps IRS.
- Preferably skilled in Derivatives Processing Systems (for example GDS), GFX, Ecoweb
- Good understanding of Hedging Tools covering FX, NDFs, Options
- PC literate and preferably proficient in Excel, Microsoft Word and MS Access
- An understanding of the front to back Operations process e.g. cash flows, confirmations, finance.
- An understanding of P/L decomposition
May 7, 2012
• Tags: Operations careers in the Singapore, Product Specialist – Rates MO recruitment • Posted in: Financial