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- Tasks: Join our team to support trading desks with trade validation and lifecycle management.
- Company: Be part of Crédit Agricole CIB, a global leader in sustainable finance and corporate responsibility.
- Benefits: Enjoy a dynamic work environment, opportunities for growth, and a commitment to diversity and innovation.
- Why this job: Make a real impact while working on exciting projects in a collaborative culture.
- Qualifications: A degree in finance or relevant experience in Middle Office functions is essential.
- Other info: Fluency in English and proficiency in Excel are required; knowledge of credit products is a plus.
The predicted salary is between 36000 - 60000 £ per year.
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Types of Jobs – Corporate & Investment Banking
Job title
Credit Middle Office Associate
Contract type
Permanent Contract
No
Job summary
The London Credit Middle Office analyst will assists the team in the execution of control and support functions for our Global Markets Division trading desks. The team’s main responsibility is to ensure the timeliness of trade capture, amendment, cancellation, validation, deal flow and life cycle events in Front Office systems.
In a dynamic and International environment, you will take in charge the control and support functions of the operations initiated by the London Credit Trading, from the negotiation and recording of the transactions. Your role will be to facilitate and to smooth the processing of the operations in the processing chains by ensuring an effective and relevant support to Front Office based in London.
The Credit Middle Office acts as a support and control function for the activities managed in London by the Credit Market Business Line who works with financial products such as Bonds, CDS, CDS Indices; Synthetic and Cash CDOs, Swaps, FRAs and Strips.
Your main responsibilities will be to ensure the proper booking of the transactions. You will contribute to the development of a reliable and effective first level of control function of the perimeter you will take in charge. You will also have the opportunity to participate in various projects related to client business development, to optimize secure transactions and provide control of risks.
You will also participate to business projects such as new markets development or new products, new regulations and market rules.
Internally Middle Office Support Credit assist the various trading desks in booking issues providing front line support.
Key Responsibilities (in order of priority)
Define duties / activities in detail under each point (e.g. Volumes, frequency etc.)
As a member of the Middle Office Credit Trade Support team you will be responsible for:
Control:
· Trade validation in FO systems (1st level of control)
· Bond life cycle management. STP failure, corporate action monitoring, bookings and book transfers
· Work with trading and back office to resolve settlement issues in a timely manner
· CDS & Indices: Control of New Trades and Unwinds booking plus follow up. CDS booking with failure
· Swaps: Control of New Trades and Unwinds booking plus follow up. Swap booking with failure
· Novation and compression control for CDS and Swaps
· Ownership of CDS compressions in booking systems
· Funding/re-financing: calculation and booking in FO systems
· Monitoring of STP flows, failure investigation and follow-up. Resolution with IT and FO business lines
Supplementary Information
Our commitment to you
Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). We offer more than just a job.
You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.
Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Ourcommitment tosustainability and corporate responsibilitymeans that your work will have a positive impact on our communities and the environment.
With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.
Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know
Geographical area
Europe, United Kingdom
City
London
Job description
Business type
Types of Jobs – Corporate & Investment Banking
Job title
Credit Middle Office Associate
Contract type
Permanent Contract
Management position
No
Job summary
The London Credit Middle Office analyst will assists the team in the execution of control and support functions for our Global Markets Division trading desks. The team’s main responsibility is to ensure the timeliness of trade capture, amendment, cancellation, validation, deal flow and life cycle events in Front Office systems.
In a dynamic and International environment, you will take in charge the control and support functions of the operations initiated by the London Credit Trading, from the negotiation and recording of the transactions. Your role will be to facilitate and to smooth the processing of the operations in the processing chains by ensuring an effective and relevant support to Front Office based in London.
The Credit Middle Office acts as a support and control function for the activities managed in London by the Credit Market Business Line who works with financial products such as Bonds, CDS, CDS Indices; Synthetic and Cash CDOs, Swaps, FRAs and Strips.
Your main responsibilities will be to ensure the proper booking of the transactions. You will contribute to the development of a reliable and effective first level of control function of the perimeter you will take in charge. You will also have the opportunity to participate in various projects related to client business development, to optimize secure transactions and provide control of risks.
You will also participate to business projects such as new markets development or new products, new regulations and market rules.
Internally Middle Office Support Credit assist the various trading desks in booking issues providing front line support.
Key Responsibilities (in order of priority)
Define duties / activities in detail under each point (e.g. Volumes, frequency etc.)
As a member of the Middle Office Credit Trade Support team you will be responsible for:
Control:
· Trade validation in FO systems (1st level of control)
· Bond life cycle management. STP failure, corporate action monitoring, bookings and book transfers
· Work with trading and back office to resolve settlement issues in a timely manner
· CDS & Indices: Control of New Trades and Unwinds booking plus follow up. CDS booking with failure
· Swaps: Control of New Trades and Unwinds booking plus follow up. Swap booking with failure
· Novation and compression control for CDS and Swaps
· Ownership of CDS compressions in booking systems
· Funding/re-financing: calculation and booking in FO systems
· Monitoring of STP flows, failure investigation and follow-up. Resolution with IT and FO business lines
Supplementary Information
Our commitment to you
Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). We offer more than just a job.
You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.
Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Ourcommitment tosustainability and corporate responsibilitymeans that your work will have a positive impact on our communities and the environment.
With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.
Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know
Position location
Geographical area
Europe, United Kingdom
City
London
Candidate criteria
Minimal education level
Bachelor Degree / BSc Degree or equivalent
Academic qualification / Speciality
• Degree in finance or previous experience in Middle Office functions.
Experience
Essential
· Middle Office / Back Office / Trade Support experience.
· Good knowledge of credit products: bonds and CDS
Operational risk awareness
Desirable
· Previous Middle Office experience
· Use of complex position management systems
Required skills
· Fluent English.
· Rigorous and organised
· Autonomy
· ability to work across disciplines
· good communication both verbally and written
· proactive
· reliable
· high technical and analytical ability
· sensitivity to operational risk
· ability to work under pressure
· Integrity
· French desirable
Technical skills required
Essential
· Proficient in Excel
· Good knowledge of capital markets processes.
Desirable
· End user computing development:
o Excel VBA
o Python
Languages
English
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Credit Middle Office Associate employer: Crédit Agricole CIB
Contact Detail:
Crédit Agricole CIB Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Middle Office Associate
✨Tip Number 1
Familiarise yourself with the specific financial products mentioned in the job description, such as Bonds, CDS, and Swaps. Understanding these products will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals already working in the Credit Middle Office or similar roles. Use platforms like LinkedIn to connect and engage with them, as they can provide valuable insights and potentially refer you for the position.
✨Tip Number 3
Brush up on your Excel skills, especially if you have experience with VBA or Python. Being proficient in these tools is essential for the role, and showcasing this knowledge during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your previous experiences in Middle Office or Trade Support roles. Be ready to share specific examples of how you've handled trade validation, settlement issues, or operational risks, as this will highlight your suitability for the position.
We think you need these skills to ace Credit Middle Office Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Middle Office functions and your knowledge of credit products like bonds and CDS. Use specific examples to demonstrate your skills in trade support and operational risk awareness.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities outlined in the job description, particularly your ability to manage trade validation and lifecycle events.
Highlight Technical Skills: Emphasise your proficiency in Excel and any experience with capital markets processes. If you have skills in Excel VBA or Python, be sure to mention these as they are desirable for the position.
Showcase Soft Skills: The role requires good communication, organisation, and the ability to work under pressure. Provide examples in your application that demonstrate these soft skills, as they are crucial for success in a dynamic environment.
How to prepare for a job interview at Crédit Agricole CIB
✨Know Your Products
Familiarise yourself with the financial products mentioned in the job description, such as Bonds, CDS, and Swaps. Being able to discuss these products confidently will show your understanding of the role and impress the interviewers.
✨Demonstrate Control Awareness
Highlight your understanding of control functions within a Middle Office environment. Be prepared to discuss how you would ensure trade validation and manage lifecycle events effectively, showcasing your operational risk awareness.
✨Showcase Your Analytical Skills
Prepare examples that demonstrate your technical and analytical abilities. Discuss any experience you have with Excel or other relevant systems, and be ready to explain how you've used these skills to solve problems in previous roles.
✨Communicate Clearly
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely, both verbally and in writing. This will help you convey your ideas during the interview and show that you can work well across disciplines.
