Rates Trader Assistant
My client a top Investment Bank with an established global presence is currently looking to recruit a high profile individual for their Flow Business Transaction Service Team.
This team supports the Rates Flow Trading business in London, consistently voted by clients as the number one rates business worldwide.
The team is primarily responsible for exception monitoring, T0 trader assistance, trade query investigations and bulk trade lifecycle events across the EUR, GBP, Scandi flow desks as well as XCCY, TRS, FX Forwards and Rates Treasury desks. They work closely with the trading businesses and infrastructure to ensure that all trades are captured as accurately and quickly as possible. The team also specialises in providing T0 profit and loss reconciliation.
There is substantial contact with other departments in the firm other than Front Office, including Product Control, other parts of Operations, Market Risk, IT and the Business Management team.
The Flow BTS Trader Assistants are primarily responsible for:
Performing amendments and lifecycle events on trades.
Performing ad-hoc pricing and risk validation.
Ensuring the successful STP of all trade bookings via reconciliation/monitoring tools.
End of day PnL reconciliation with the trading desk.
Responding to queries from all stakeholder groups.
Owning ad-hoc tactical projects.
Participating in industry wide bulk trade lifecycle events.
Assisting trading in complex trade bookings.
Working with the Business Development, Technology and other Middle Office teams to implement new
systems, processes and controls.
Person Requirements
- Relevant banking experience in a Rates Middle Office.
- Interest Rate Swaps experience preferred. Inflation and Securitised products also will be useful.
- Experience of working against tight short-term deadlines in a dynamic, pressurised environment.
- Experience of implementing process improvements with tangible business benefits.
- Preferred degree or equivalent.
- Strong analytical skills.
- Excellent focus on risk and control.
- Proactive approach to problem solving and process improvement.
- Proficient Microsoft Office Suite skills.
- Confident and professional.
- Enthusiastic and keen to learn.
- Focused on attention to detail.
- Self starter/Self motivator with the ability to work independently as well as part of a team.
- Strong query management skills.
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