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 :
Creativity & Innovation / Problem solving
Attention to detail / rigor
Client focused
Ability to collaborate / Teamwork
Transversal 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
