Trade Support Analyst

  • GBP200 per annum
  • Londres, Angleterre, Royaume-Uni
  • Intérim, Plein-temps
  • DBFS
  • 10 oct. 17 2017-10-10

My client is seeking a trade support analyst. The successful candidate will have experience working with credit flow and credit structured products.

ROLE SUMMARY

The role falls within Credit / Compressions & Clearing Trade Support

Credit Flow products

The trade support is accountable for:

  • Transaction events follow-up and validation during the whole lifecycle of the deal;
  • Applying and respect the A/C CIB Policy;
  • Implementing the relevant controls ensuring the accuracy of the transactions on the official books & records systems;

Credit Structured products

Product Control ensures the "Trade support" functions in terms of trade capture (or amend/cancel) and trade validation where the process cannot be considered as flow and product oriented for Exotic products.

  • Coordinates operations and other functions in the set-up of new complex montage and during their lifecycle in order to ensure
    • Proper settlement of the operations vis a vis the client
    • Proper calculation of the economic P&L
    • Compliance with accounting rules
    • Proper production of the accounting in relation with Finance

  • Ensures the booking validation of exotic products (booked with FOCUS FLEX) vs Term sheet, legal or similar documentation at inception and during their lifecycle.

    • Accountable for the independent validation of the booking at deal inception, or during the lifecycle. (Except in some cases where no "template" or pre-defined guidelines exist, GRM is responsible for this validation)
    • Responsible for amendments (where the application of the amend/cancel policy defines that operations are in charge of it) and for getting FO validation. Amendments can be due to trade life cycle or to error corrections.
    • In particular accountable for the control of the valuation models used for exotic products, per guidelines validated with the business and GRM.

CREDIT TRADE SUPPORT RESPONSIBILITIES

  • Management of flow of new trades and amendments from Front Office system (FOCUS) to Back Office system (Murex), manually booking and amending in Murex where necessary.
  • Reconciliation between Front Office systems and Back Office system, checking Present Value are in line.
  • Working with Middle Office P&L and confirmations teams to reduce operational risk and maintain highest levels of support for each portfolio.
  • Build and maintain good working relationships with other internal clients such as legal, marketers, trading & back office.
  • Ensure accurate and timely processing of rebooking initiatives, migrations
  • Oversee all reconciliations and reports in the area and investigations are completed on a timely basis.
  • Dealing with queries from back-office, marketers and clients, relating to booking discrepancies.
  • Provide cover for other members of the Trade Support team when necessary, ability to flex between teams depending on daily volume and demand.
  • Management of Options
  • Contribute to the implementation of new system functionalities and raise IT requirements for bug fixing or system enhancements when possible.
  • Participate in Transversal projects.

SKILLS AND QUALIFICATIONS

  • Positive and dynamic attitude to complying with deadlines and objectives.
  • High degree of interest in product and process issues affecting the department.
  • Effective time management and ability to prioritise workload and escalate issues to management.
  • Have strong interpersonal / communication skills.
  • The candidate must display a very professional attitude and be willing to work long hours if the workload is high.

PRODUCTS

  • Credit flow
  • Credit structured

CORE COMPETENCIES

  • Team Spirit
  • Communication
  • Motivation and Commitment
  • Controls and Production
  • Results Orientation
  • Analytical and Organisational skills