Job Description:
The role is for an Director level person within the Interest Rate Derivative Trade Support Group (IRD TSG) who are responsible for all interest rate derivatives traded across North America. The product range covers Structured Notes, IRS, OIS, FRA, X-Ccy, ZCS, TRS and VNS. It is a fantastic opportunity for someone to be exposed to a very steep learning curve and gives all individuals the opportunity to develop a meaningful career within Operations.
- You will be responsible for offering the first line of defence for the Trading desk's franchise risk and risk in ensuring that the trade bookings are correctly reflected in both Front and Back Office systems and tie out with the Counterparty.
- You will be ensuring that all trades are booked and confirmed as intended by checking the Trading system verses internal MS systems and versus MarkitWire, liaising with Trading, Sales, Brokers or the Counterparty directly.
- You will act as guardian for the bank and you will monitor the integrity of the Firm's risk by ensuring that all trades are confirmed ASAP.
- You will be the intermediary between the Trading desk and other areas of the Bank. Controllers, Settlements and Confirmations areas will come to you to discuss and resolve issues to ensure that breaks are resolved effectively.
- You will be responsible for ensuring current controls are enforced, liaising with IT and Projects Groups to initiate new controls and build STP to improve the firms infrastructure to increase both efficiency and control as you see fit to protect our franchise.
QUALIFICATIONS
- You will need diplomacy and accuracy in dealing with Traders, Brokers, Sales people and focus clients.
- The ability to organise your time and complete each task on time will be a key factor in determining your suitability for the role.
- A high degree of accuracy and a willingness to learn new products is essential. This role is constantly changing and a willingness to adapt to new firm and industry initiatives and put forward your own ideas is of paramount importance.
- You will operate Trend, STIX, STS, E-ticket and Mainframe and any future systems. On the job training will be given to allow you to operate these in-house applications. An understanding of industry platforms such as MarkitWire, Reuters and Bloomberg is desirable.
- Daily deadlines are inflexible and the candidate should be organised to ensure the team meet all deadlines. The role requires the sharing and discussing of knowledge and information between the Trading, Sales, Settlements and Confirmations groups.
- You will be in constant communication with the front office, clients and many departments within the bank. You should be accurate, knowledgeable and professional in all dealings with whomever you may meet.
- You will work closely with your peers and you will need to share knowledge and act as a team player to get the most out of this role.
- Prior Interest Rate Derivatives and management of people experience is desired but not mandatory.
Pass it on for Referral Bonus. Not the right role for you, but know someone we should meet? Share with him to earn $1,000 referral bonus.
Posts
