Trade Support
Operations Officer - Interest Rate Derivatives Specialist
Position Summary:
Our client is looking to add to the dedicated trade support team specifically to support the IRD functions. As the team is small there will be occasional need for the candidate to involve themselves with other products (i.e. - Fixed Income, FX metals).
This is a highly visible role that sees the team interact with teams not only in London but on a global front and therefore requires the candidate to be well spoken and have a high degree of attention to detail, with a constant professional manner and flexible nature. The role is also within a regulated function and therefore will involve last minute and ad-hoc projects.
Ideally we are looking for candidates who have solid experience with IRD products in a trade support function and experience with the London Clearing House systems, Markitwire and Calypso.
Responsibilities include:
- Daily verification and maintenance of interest rate derivative transactions for multiple Front Offices, including:
- Validating/verifying transactions in source systems on a daily basis versus trade blotters and/or confirmations
- Providing desk support to the Global Precious Metals desk, such as daily trade fixings, and month-end fixing reconciliations
- Answer all queries in a timely manner to ensure proper confirmation and settlement of trades
- Perform sundry suites as required by management including project work related to trade support role
- Provide high level of service to all external clients and internal business partners
- Liaise with different areas of the bank (e.g. settlements, investigations, PL) to ensure that all issues are appropriately addressed in a timely manner
- Ensure that Regulatory and Audit guidelines are adhered to
- Follow proper escalation policy at all times
- Provide cover on other areas of trade support where required
- Maintaining existing transactions on a daily basis in regards to calculating the mark-to-market, rate interpolations and non-deliverable swap (NDS) currency conversions on specific transactions, as required
- Performing daily reconciliations between front office and back office systems, Markitwire and LCH
- Responsible for the daily rate resets for currencies typically posted and released.
Leave a Reply
You must be logged in to post a comment.