Location: London, United Kingdom
Job Type: Contract, Full time
To process all products that Originate from the trading floor, this includes both OTC and Exchange traded Derivatives. The role requires a working understanding of Derivatives, from trade booking to reconciliation. The candidate must be flexible and able to work to tight deadlines but maintain the very highest standards.
All departmental reviews, objectives and training plans will originate from this role. Ultimately the purpose of this role is to service the client base to the very highest standard and create a centre of excellence for Operations.
To replicate trade booking and system functions during the transformation transition period. This will include Convertible Bond Options, FX Bookings, Manual Rate input, Fees and General Static data
Monitor Interface screens and resolve issues preventing messages from going STP (Straight though processing)
Review Reconciliation reports and investigate system breaks between, Bloomberg, Murex and GlobeOp. Publish findings and potential issues
To ensure the process flow between the our team and our Outsourcing agent is a STP Process for both trade capture
Manage the confirmation process at the bank, being a direct liaison between the Front Office, Legal and the Outsourcing Agent. This with an aim to meet EMIR deadlines around verbal and executed confirmations for these products
Monitoring both the MarkitServ and Markitwire platform to ensure data is captured and confirmed accurately by the outsourcing agent
Monitoring ICE, Murex & Optic to ensure trades STP correctly.
Ensure correct and timely payments are made in relation to Derivatives, non-payments/ receipts are followed up to ensure resolution.
As per EMIR, monitor the OTC portfolio reconciliation process, and track and update SSD MIS with status and escalate where required.
Ensure Transaction Reporting (FCA) has been instructed correctly and within regulatory deadlines
Required Skills & Qualifications:
Day to day functions around OTC products (agreement/ payments and confirmation management )
Excellent PC skills
GCSE or equivalent qualifications
Operational Effectiveness and Innovation
Achieving Quality Results:
Delivering Tasks – Bronze
Flexibility & Drive to Improve – Bronze
Risk Awareness – Bronze
Enhance product Scope
Business Awareness – Bronze
To apply please email your CV to the following consultant:
020 3763 3912