Derivatives (OTC) Middle Office - Associate - Capital Markets Bank - CassonX in London

CassonX are delighted to be a recruiting partner for this City based Securities and Capital Markets Bank that offers genuine career prospects and a collaborative environment that is unique as it is a boutique banking institution. This company is excellent to work for, they pride themselves on being collaborative and collegiate. This company has recently gone through some substantial changes, and those with experience of working on process improvements are always deemed advantageous but encouraged to offer their ability in return for better career prospects. This company has a strong reputation of looking after everyone’s careers, and a fabulous place to work with hybrid working conditions offering 2 days on site each week required.

To be considered for this role, CassonX are looking to identify Derivative Trade Supports specialists. This role is very broad and candidates must be able to demonstrate a full and detailed understanding of the full trade lifecycle for multiple Derivative products. Day-to-day responsibilities include front-end trade capture, monitoring trades through platforms such as Markitwire, MarkitServ, Tradeweb and Bloomberg. Your experience will include trade allocations, managing compression cycles for cleared swaps, ISDA confirmations, clearing agent liaising to ensure the full processing via Brokers or direct memberships of CCPs and the lifecycle events.

Products covered in this role include Cleared & bi-lateral products supported include IR Swaps, FRAs, FX Swaps, NDFs, CDS, TRS, CDS Index Options, ASCOTs and Convertible Bond Options. System knowledge is important for this role and candidates with proven experience on using Murex, ICE and Markitwire will be preferably considered; Duco reconciliations is also useful.

This Front Office facing role will see you be required to monitor and resolve exceptions generated in Murex, making sure all is reconciled and trade flows are completed. You will resolve all exceptions, capture data in affirmation platforms, support compressions and be responsible for cleared trade flows. A detailed job specification is available to suitable candidates.

CassonX Limited are committed to providing fair employment opportunities to all applicants. We encourage anyone to apply, regardless of their background, and promote a fair and inclusive recruitment process based on merit. If you require any assistance throughout the interview process to improve your experience, kindly let us know.