Assistant Manager - Clearing & Compression

Job Description

Position Purpose Purpose: As a member of the Clearing and Compressions Middle Office, you will work as part of a wider Product Control function, with responsibility for trade clearing and compression, CCP margin bookings, and static data updates and approval. The activities done by the team perform a vital role optimising the Banks balance sheet and counterparty risk profile, whilst ensuring that relevant regulatory requirements are met. Main driver are client service quality, independent control, operational risk safety and cost efficiency Responsibilities Direct Responsibilities CP Margin bookings Weekly Credit Backloading cycles (ICE, LCH) Monitoring intraday clearing of Credit and Rates trades Rates portfolio reassignments Coordination of internal trade compressions Daily and ad-hoc static data requests 3rd Party vendor compressions (Rates, FX, Credit) Monitoring of team mailboxes, ensuring that all queries are resolved/assigned promptly Escalate issues to Senior Analyst and Manager where appropriate Creation and update of procedures/SOPs Challenge processes as part of a continuous improvement culture Raise IT requests for system enhancements and/or bug-fixes when required Work cooperatively with other teams within Product Control to reduce operational risk and maintain the highest level of support for our clients across the business Build and maintain good working relationships with other internal clients such as trading, sales, business management and back office teams Participate in projects as requested by Manager or Senior Analyst Be fully autonomous on all analyst tasks, whilst training on Senior Analyst tasks and responsibilities Contributing Responsibilities Contribute to the Permanent Control framework. Respond and resolve queries on a timely manner. Technical Behavioral Competencies Technical Knowledge Relevant experience in a Trade Support or Middle Office role Ability to work constructively within a team Knowledge of Credit and Rates products and their trade lifecycles Ability to manage pressure and meet deadlines and objectives in a dynamic environment Analytical and Organizational Skills Results Orientation Effective written and verbal communication skills Time-management and prioritization Excel skills to an intermediate level High degree of interest in product and process issues affecting the department Demonstrate proactivity, transparency and accountability for identifying and managing risks Support and foster a culture of good conduct Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure Skills and competencies Analytical mindset : Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office Organized good resistance to stress: E xcellent time management and good positive resistance to stress are compulsory. Attention to detail : Escalate in timely manner, highlight any abnormalities Innovation and initiatives (Think outside the box) : Demonstrate willingness to constantly improve the status quo. Understand well the processes suggest innovative ideas. Self-discipline autonomy : Have a constant delivery on time mindset, on the daily production. Adaptability Change Management : Ability to easily adapt to new situations (new booking systems, new products, new activities to manage) as this is a constant changing environment Strong Client Focus : Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset. Escalation Reporting process : Internal rules of reporting and escalation to Ops and FO need to be known applied. Specific Qualifications (if required) Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance. Skills Referential Behavioural Skills : (Please select up to 4 skills) Creativity Innovation / Problem solving Attention to detail / rigor Client focused Ability to collaborate / Teamwork Transversal Skills: (Please select up to 5 skills) Analytical Ability Ability to understand, explain and support change Ability to develop and adapt a process Ability to develop and leverage networks Ability to manage a project Education Level: Bachelor Degree or equivalent Experience Level Beginner Other/Specific Qualifications (if required)