Derivatives Trade Support

Trevose Partners Limited
London, United Kingdom
£50k - £100k
03 Aug 2022
11 Aug 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Principal Responsibilities

  • Trade Queue: Monitoring and timely clearance of the trade queue. This covers all products.
  • Middle Office Inboxes: Monitoring and timely resolution of queries sent from PMs
  • Electronic Affirmation: Working with eclerx, directly onshore and with our counterparties to match trades in a timely manner for IRS, and Credit trades on their various affirmation platforms.
  • Non-electronic Affirmation: To ensure that the risk on all trades or products that do not go through an electronic platform have been addressed and mitigated.
  • Broader T0 tasks: To ensure that the MO provide a timely level of service and support to the other product lines and areas who are involved with affirming trades on T0 (e.g. FX, Futures, Equity).
  • T+1 support: A level of support is required on T+1 to remediate any issues from the previous day, these should be conducted in a timely manner and the impacted parties informed.
  • Escalation: Escalation to line manager, Operational risk and the wider management team of failures in the process or potential issues that could create a loss for the firm (either direct or a p&l re-instatement).
  • Global Model: The MO operates a 'follow the sun' model and so it is important to ensure that there is a clear handover of tasks and responsibilities to each region.
  • Firm support: Primary support focus of the MO is to support the PMs but the wider responsibility is to work with all of the teams in the firm to ensure that the accurate and timely capture of trades is completed every day.
  • Improvements and management of initiatives: Identify and document pain points / process weaknesses within respective areas, and take steps to remediate through delivery of remediation initiatives. This should include: Stakeholder buy in and engagement, syndication and sign off of business case(s), end-to-end project planning, delivery to plan and status reporting, and escalation of risks / issues.
  • Control focus: Proactively identify, assess and document risks within your area, and propose process and control improvements to mitigate them. Additionally it is required to keep the Operational Risk department informed of any findings.

Skills And Experience Required

  • Rates or Credit product experience is desired including the full suite of cleared and bilateral interest rate products and listed futures and options
  • The successful candidate will be familiar with a high paced working environment and have an aptitude for prioritizing multiple deliveries
  • The individual should have strong market understanding and be familiar with industry and regulatory change
  • The ability to strike the balance between working autonomously and collaborating as part of a team is essential as well as managing project deliveries alongside BAU requirements
  • Strong interpersonal skills is a must - the role involves daily interaction with senior stakeholders in Front Office
  • Familiarity with industry standard systems such as MarkitWire, Markit Trade Manager, Bloomberg, and Murex is beneficial

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