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For Companies At a Glance
- Tasks: Support the FX Option Desk with daily operations and trade management.
- Company: Join a dynamic OTC Operations team focused on FX options and client support.
- Benefits: Enjoy a collaborative work environment with opportunities for cross-training and skill development.
- Why this job: Gain hands-on experience in finance while working with diverse teams and stakeholders.
- Qualifications: Interest in FX operations, strong communication skills, and basic knowledge of FX products required.
- Other info: Ideal for those looking to kickstart their career in finance and operations.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
FX Options Middle Office
The job holder will provide daily operational support primarily for the FX Option Desk. The
job holder will also work closely with Finance, IT, Treasury and Compliance. The FX Options
Middle Office function is part of OTC Operations which currently consists of 7 people and is
an operations-based team that provides support to our various OTC desks and our internal
proprietary desk.
The Role
- Daily T+1 PnL data collection and calculation to key stakeholders
- Checking and reporting daily client margin calls
- Full life cycle of FX Option trades including trade validation, long form validation,
expiries, trade amendments etc
- Positional reconciliation of F2 positions (internal) versus external vendor platforms
- Creation and subsequent management of Trading Platform STP mappings.
- Distribution of client position statements.
- Internal distribution of daily utilization reports
- Calculating and verification of Client Monthly rebates
- Management of team inbox and subsequent resolution.
- Payment Netting with Liquidity Providers and Clients
- Dealing with ad hoc client requests.
- Participate in the departmental cross training plan as and when required.
- Managing post trade confirmation systems
- Identification and escalation of high-risk exceptions
Skills
- Demonstrate a keen interest in FX middle office or an operations department
- Some knowledge of FX Options products and associated lifecycle events
- Some Knowledge of OTC FX products from trade date to settlement
- Strong communication skills both written and verbal
- Proactive mindset and ability to work under pressure for demanding stakeholders
- Understanding of Operational Risk within a middle office or operations department
- Intermediate MS Excel skills
FX Options Middle Office employer: Orla Rose Associates
Contact Detail:
Orla Rose Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FX Options Middle Office
✨Tip Number 1
Familiarise yourself with FX Options products and their lifecycle events. Understanding the nuances of these products will not only boost your confidence during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your MS Excel skills, especially functions related to data analysis and reporting. Being proficient in Excel can set you apart, as it’s a crucial tool for daily operations in this role.
✨Tip Number 3
Network with professionals in the FX middle office space. Engaging with industry contacts can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
✨Tip Number 4
Prepare to discuss your understanding of operational risk management. This is a key aspect of the role, and showcasing your knowledge will demonstrate that you’re ready to tackle the challenges of the position.
We think you need these skills to ace FX Options Middle Office
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the FX Options Middle Office position. Familiarise yourself with daily operational tasks such as PnL data collection and trade validation.
Tailor Your CV: Highlight relevant experience in FX middle office operations or similar roles. Emphasise your knowledge of FX Options products and any experience with trade lifecycle events to make your application stand out.
Craft a Strong Cover Letter: In your cover letter, express your keen interest in the FX Options Middle Office role. Mention specific skills like communication and proactive problem-solving that align with the job requirements.
Proofread Your Application: Ensure your application is free from errors. A well-written application reflects your attention to detail, which is crucial for a role that involves managing client requests and operational risk.
How to prepare for a job interview at Orla Rose Associates
✨Show Your Knowledge of FX Options
Make sure to brush up on your understanding of FX options products and their lifecycle events. Being able to discuss these topics confidently will demonstrate your keen interest in the role and show that you’re prepared for the responsibilities.
✨Highlight Your Communication Skills
Since strong communication skills are essential for this position, prepare examples from your past experiences where you effectively communicated with stakeholders. This could be through written reports or verbal presentations.
✨Demonstrate Your Proactive Mindset
Be ready to share instances where you took initiative in previous roles, especially under pressure. Employers appreciate candidates who can manage demanding situations and still deliver results.
✨Familiarise Yourself with Operational Risk
Understanding operational risk is crucial for a middle office role. Prepare to discuss how you would identify and escalate high-risk exceptions, as well as any relevant experiences you have in managing operational risks.
