Senior Interest Rate Trade Support Specialist - Leading Hedge Fund
eFinancialCareers
Application
Details
Posted: 19-Jun-24
Location: London, United Kingdom
Type: Full-time
Salary: Open
Internal Number: 17424334
The primary support focus of the Middle Office Trade Support team is to support the Portfolio Managers and internal execution teams in their day to day risk taking activities, but the wider responsibility is to work with departments across the firm to ensure the accurate and timely capture of trades.
Electronic Affirmation: Working with colleagues both on and off-shore, along with our counterparties to match trades in a timely manner for IRS, Bond 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).
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 / Experience Required
Interest rate derivatives exposure within a bank, or another buy-side institution is desired.
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 â?? 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