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- Tasks: Supervise daily trade processing in Fixed Income and Derivatives.
- Company: Join a prestigious bank located in the heart of Central London.
- Benefits: Enjoy a stable 2-year contract with a dynamic work environment.
- Why this job: Be part of a crucial team ensuring compliance and efficiency in banking operations.
- Qualifications: 5+ years in banking operations with supervisory experience required.
- Other info: Office-based role, no sponsorship available; UK work eligibility needed.
The predicted salary is between 43200 - 72000 £ per year.
It is essential that all applicants have Banking Operations/Middle Office experience. Unfortunately, our client cannot provide sponsorship and therefore only applicants that have eligibility to work in the UK for 3+ years in the future will be considered. Our client, a bank based in Central London, is looking for a Fixed Income/Derivatives Supervisor to join them on a 2-year fixed term contract. This position is 5 days per week office based. The successful candidate will be responsible for processing the daily trades.
Main Responsibilities:
- Bank to Bank Foreign Exchange Deal Processing.
- Money Market Deal Processing including Retail Customer and Platform Linkage Deposits.
- Fixed Income Trade Processing by way of Swift.
- Interest Rate Swap Processing.
- Daily Mark to Market valuation of derivatives administration including margin calls.
- Daily Deal Maturity review to confirm if trades are correctly being extended or repaid.
- Cash and Nostro Management.
- Nostro and Custodian Reconciliation.
- Processing Nostro, Custodian, Brokerage and Repository charges.
- Transaction Monitoring.
- Be aware and proactive concerning Anti Money Laundering, Compliance and Regulatory responsibilities.
Experience & Skills required:
- Experience of processing trades over all our products range.
- Must have minimum 5 years banking experience/supervisory level.
- Settling Fixed Income trades.
- Some knowledge of the reporting requirements for EMIR, SFTR and MiFID/MiFIR and the dynamics of trade repositories in this role.
For further information on this exciting opportunity please send a copy of your CV to Judith Webb quoting job number.
Contact Detail:
Barbara Houghton Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fixed Income/Derivatives Supervisor (FTC 2 years)
✨Tip Number 1
Make sure to highlight your Banking Operations and Middle Office experience during any networking opportunities. Connect with professionals in the industry on platforms like LinkedIn, and engage in discussions about current trends in fixed income and derivatives.
✨Tip Number 2
Familiarise yourself with the specific products mentioned in the job description, such as Fixed Income trades and Interest Rate Swaps. Being able to discuss these topics confidently in conversations will demonstrate your expertise and enthusiasm for the role.
✨Tip Number 3
Attend industry events or webinars focused on banking operations and compliance regulations like EMIR and MiFID. This not only expands your knowledge but also helps you meet potential colleagues or employers who might be looking for someone with your skill set.
✨Tip Number 4
Prepare for potential interviews by practising answers to questions related to trade processing and transaction monitoring. Use real-life examples from your previous roles to illustrate your problem-solving skills and ability to manage compliance responsibilities effectively.
We think you need these skills to ace Fixed Income/Derivatives Supervisor (FTC 2 years)
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasise your Banking Operations and Middle Office experience in your CV and cover letter. Detail specific roles and responsibilities that align with the job description, particularly in trade processing and compliance.
Tailor Your CV: Customise your CV to reflect the skills and experiences that are most relevant to the Fixed Income/Derivatives Supervisor role. Use keywords from the job description, such as 'Nostro Management' and 'Interest Rate Swap Processing', to catch the employer's attention.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also demonstrates your enthusiasm for the role. Mention your understanding of the regulatory requirements like EMIR and SFTR, and how your background prepares you for these responsibilities.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in banking operations.
How to prepare for a job interview at Barbara Houghton Associates
✨Showcase Your Banking Operations Experience
Make sure to highlight your previous experience in Banking Operations or Middle Office roles. Be prepared to discuss specific examples of how you've processed trades and managed transactions, as this will demonstrate your suitability for the Fixed Income/Derivatives Supervisor position.
✨Understand the Products and Processes
Familiarise yourself with the various products mentioned in the job description, such as Foreign Exchange, Money Market, and Fixed Income trades. Being able to speak confidently about these areas will show that you have the necessary knowledge and can hit the ground running.
✨Demonstrate Compliance Awareness
Since the role involves Anti Money Laundering and regulatory responsibilities, be ready to discuss your understanding of compliance requirements. Mention any relevant experience you have with EMIR, SFTR, and MiFID/MiFIR reporting to showcase your awareness of the regulatory landscape.
✨Prepare Questions for the Interviewer
Having thoughtful questions prepared shows your interest in the role and the company. Ask about the team dynamics, the challenges they face in trade processing, or how they ensure compliance. This not only demonstrates your enthusiasm but also helps you assess if the company is the right fit for you.
