Structured Credit Middle Office – Team Lead recruitment
The Derivatives MO (DMO) team forms part of the wider Operations group within the UBS Investment bank.
- Ensure T0 trade data integrity (completeness, accuracy and timeliness). This mandate includes independent trade booking verification, validation of the end-of-day pricing environment (eg, curve marking timeliness/consistency)
- Facilitate the production and sign-off of an accurate T0 PnL, and T+1 reconciliation with the actual PnL in partnership with Finance.
o Front-to-back reconciliations
o Manage Life cycle management related processes
o Monitor and improve where needed transaction flow into all consumers functions (Operations, Finance, Credit and market risk)
The candidate will have the following experiences:
1- Middle office analyst, trading assistant or similar function, closely aligned to a/multiple trading desk/desks. In this capacity, the candidate will have been exposed, throughout his/her experience to Front-office trade capture processes, and their associated start-of-day and end-of-day controls (Broker check-out, blotter reconciliations, curve marking etc)
2- The candidate will also have been directly involved into T0 Pnl production/validation, ensuring completeness and accuracy of the flash Pnl produced and/or signed off by the traders.
3- The candidate will be able to demonstrate a solid understanding – practical and theoretical - of credit instruments, covering flow (eg CDS, Index, Index tranches) and ideally more complex derivative instruments (Bespoke tranches, credit options…).
4- A strong working knowledge of Excel
5- Risk and PnL reporting experience.
6- Innovative approach to solving day-to-day process problems.