Assistant Manager - Clearing & Compression

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

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

Contribute to the Permanent Control framework.

Respond and resolve queries on a timely manner.

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

• 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.

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