Trade Support
A Passion to Perform. It’s what drives us. More than a claim, this describes the way we do business. We’re committed to being the best financial services provider in the world, balancing passion with precision to deliver superior solutions for our clients. This is made possible by our people: agile minds, able to see beyond the obvious and act effectively in an ever-changing global business landscape. As you’ll discover, our culture supports this. Diverse, international and shaped by a variety of different perspectives, we’re driven by a shared sense of purpose. At every level agile thinking is nurtured. And at every level agile minds are rewarded with competitive pay, support and opportunities to excel.
Overview
Correlation is a fast growing business in Global Markets (GM). Your position will be dedicated to the operational support of the Correlation trading business. The role will be challenging and involves extensive liaison with multiple areas of the bank, including Traders / Sales, Documentation, Settlements and other Middle Offices. You will be a good team player, flexible, keen to learn and willing to search for new solutions to booking and operational issues. This role will enable you to gain a detailed understanding of the Correlation business and the Middle Office.
Key Responsibilities
Your day to day duties will include –
- Daily liaison with Sales / Traders
- Trade Capture / Support (booking trades into TSAR / Summit)
- Dealing with Pricing Issues from Back Office / Front Office
- Dealing with Back Office Investigations
- Ensure all Reconciliation’s are completed
- Fielding Counterparty queries
- Raising and working on any IT projects
- Supporting London and Correlation Traders
Product range within department includes -
- Credit Default Swaps. Both flow business and bespoke hedging
- Asset Swaps/Interest Rate Swaps
- Collaterized Debt Obligations
- Synthetic Asset Backed Securities
- Portfolio/Basket Credit Linked Swaps
- Credit Linked Notes
- First to Default Baskets
- Mortality trades
- Constant Proportion Portfolio Insurance (CPPI) fund structures
Candidate requirements
You will have:
- Relevant experience in a Derivative Middle Office Environment, within Credit Derivatives (structured product knowledge essential)
- Summit experience would be massively beneficial. Word, Excel, Access, Bloomberg essential Good working knowledge of International Swaps and Derivatives Association (ISDA) definitions
- Experience of Federal Reserve (FED) targets an advantage
- Good attention to detail
You will be:
- Able to work to tight deadlines and happy to work flexibly to meet targets
- Good team player
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.
Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.
Please note that for the duration of this assignment you will be working as an external resource engaged by Resource Solutions based on site at Deutsche Bank.
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