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:
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