Job
Description
Position Purpose Derivative Trade Validation is responsible for trade capture, life cycle event booking and management (Trade flow, STAR interface, MAD interface, Evolution bookingetc), resolving FOBO reconciliation breaks and investigations. Product Scopes : Interest Rate Swap (IRS), Cross, Currency Swap (CCS), Caps & Floors (CF), Credit Default Swap (CDS), Forward Rate Agreement (FRA), Interest Rate Swaption,TRS The Derivatives Validation teams primary responsibilities are To handle trade capture and validation of Structured,Vanilla Derivative deals in Back Office system To perform as an independent control team to strengthen all the control within Global Market Operations and to follow the escalation rule To assist, work closely and have frequent contact with Front Offices (Sales, Trading, Business/Project Managers) To handle Life cycle events and unwinds as per Front Office requests. To participate in project management to increase the efficiency and scalability of the process. Responsibilities Direct Responsibilities Trade Support Functions Trade Booking, Amendment & Validation Reconciliations Trade Lifecycle Events Install a good efficient communication/dialogue with Sales, Trading, IT and other operation teams Ensure all queries are handled correctly by the right department in a timely manner. Minimize operational risk and detect fraud Escalation to the management and further to Management/FO/Business/Risk if needed Ensure all cash flows are settled correct and paid on pay date. Participate to global & local improvement, automation or regulatory projects Contributing Responsibilities Trade Support Functions Trade Booking, Amendment & Validation Reconciliations Trade Lifecycle Events Install a good efficient communication/dialogue with client, Sales, Trading, Relationship Managers and IT Ensure all queries are handled correctly by the right department in a timely manner, both internally and externally Follow up of any clients request until the issue is solved Minimize operational risk and detect fraud Escalation to the management and further to Management/FO/Business/Risk if needed Ensure all cash flows are correct and paid on pay date. Participate to global & local improvement, automation or regulatory project Technical & Behavioral Competencies TECHNICAL SKILLS Strong knowledge of the FO to BO operational workflow (full trade life cycle chain) Good knowledge in financial products BEHAVIOURAL Excellent communication skills, Results-oriented & client focus Strongly committed Good team player, Collaborative mind-set High capacity to take initiatives Analytical and synthetic skills Strong analytical/problem solving mind-set Specific Qualifications (if required) A thorough understanding of financial markets and product knowledge (including the Front-To-Back workflows and the product event management) At least minimum 5 years experience in Global Market industry (Preferably Trade Support,validation) Excellent communication skills, with good influencing and relationship-building skills. Fluency in English, both and written communication and interpersonal skills. Pro-active in general, taking own initiatives to prevent risks/issues. Ability to work well under pressure and take initiative. Solid work ethic and high levels of motivation. Skills Referential Behavioural Skills : (Please select up to 4 skills) Ability to collaborate / Teamwork Critical thinking Creativity & Innovation / Problem solving Resilience Transversal Skills: (Please select up to 5 skills) Ability to set up relevant performance indicators Ability to develop others & improve their skills Analytical Ability Ability to develop and adapt a process Ability to understand, explain and support change Education Level: Bachelor Degree or equivalent Experience Level At least 7 years
