Vice President - Credit Trade Support

Job Description

The role of the Credit Derivatives Trade Validation Associate is accountable for the delivery of the Credit Derivatives Trade Support Activities within the OTC & LD Trade Validation team which processes any OTC & LD Transaction for which terms & conditions are negotiated, with the mandate to ensure that it is correctly represented in the booking system, consistent with the sale and allocated if necessary. They will also ensure that the transaction is correctly feeding FO to BO booking systems Responsibilities Direct Responsibilities Controls and/or processes trade capture in FO/MO/BO systems Monitors and processes trade events Investigates on trade feeds, confirmations and payments in case of requests raised by other Operation teams TRADE SUPPORT MAIN FUNCTIONS : Accountable for: o The management of trades in Focus trade blotter, ensuring trades are picked up and allocated and validating amends performed with the guidance of more Senior colleagues o Booking of flow credit trades and structured credit trades, ensuring alignment of trade termsheet o Managing the flow of new trades and amendments from Front Office systems to Back Office system o Running all reconciliations, investigating any breaks identified and solving simple to intermediate breaks referring complex breaks to senior colleagues. Solving queries relating to booking discrepancies Coordinate activities with internal clients and external clients to ensure the smooth delivery of operations processes and service levels in accordance with the established procedures and guidelines. Assist in the training of new and junior members of the team Ensure accurate and timely processing of rebooking initiatives and migrations. Provide cover for other members of the Trade Support team when necessary, ability to flex between teams depending on daily volume and demand. Support the implementation of new system functionalities and raise IT requirements for bug fixing or system enhancements when possible Participate in Transversal projects MAIN CONTROL: Comply with internal and external regulatory and compliance requirements Ensure all controls are in place and reconciliations front-to-back are investigated and reconciled Emails from Back offices, Middle offices and IT are investigated. Emails from Credit Risk control are investigated. Abnormal Trading are investigated and accounted iv. Ensuring trades are booked timely and accurately on trade date Account for missing booking and escalate when necessary vi. Checking of daily reports Contributing Responsibilities: Contribute to the Permanent Control framework. Main contributor for team project. Technical and Behavioral Competencies required Knowledge in OTC Credit Derivative Products Deep knowledge of Middle Office Support functions Understanding the economical requirements linked to the cessation of the Libor Murex knowledge preferred Able to work under pressure Possess great team spirit but yet can work independently, and is able to train her/his teammates Confident and possess good communication and interpersonal skills Project management skills Experience and Qualifications required Master Degree or equivalent At least 15 years