Rates Middle Office Analyst

Rates Middle Office Analyst

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
C

At a Glance

  • Tasks: Support trading desks by ensuring accurate trade capture and processing in a fast-paced environment.
  • Company: Join Crédit Agricole CIB, a leading global bank committed to sustainability and innovation.
  • Benefits: Enjoy a dynamic work culture, opportunities for growth, and a focus on corporate social responsibility.
  • Why this job: Make a real impact while working in a collaborative and diverse team that values your contributions.
  • Qualifications: Bachelor's degree in finance or related field; previous Middle Office experience preferred.
  • Other info: Open to all applicants; adjustments available for those with specific needs.

The predicted salary is between 36000 - 60000 £ per year.

The London Rates Middle Office Analyst supports the Global Markets Division trading desks by ensuring timely and accurate trade capture, amendments, cancellations, and lifecycle event processing in Front Office systems. Operating in a fast-paced, international environment, your role will be to facilitate and smooth the processing of the operations in the processing chains by helping to streamline trade processing and provide effective support. Responsibilities include accurate trade booking, first-level control and risk oversight, and involvement in business development initiatives such as new market entry, product launches, and adapting to regulatory changes. The role also includes front-line support for booking issues and participation in strategic projects.

Some of your responsibilities will include:

  • Validation / Booking
  • First level of trade input control in Front Office systems (manual bookings)
  • Ensure exhaustiveness of daily captures
  • Ensure exhaustiveness of Term-sheets sent to other Rates & Equity Middle Office teams
  • Modifications in Front Office systems (valuation impact control)
  • Post trade issue
    • Trade Lifecycle Management (booking of events in Front Office systems)
    • Supervision of exercises and expiries of trade options
    • Investigation & follow-up on breaks and requests sent by Back Office or other Middle Office.
  • Monitoring
    • Collateral reporting on a weekly basis
    • Monitoring of the Mandatory Clearing Process in MarkIT Wire
    • Monitoring of the Regulatory reporting to DFA & EMIR
  • Other duties
    • Control and coordination of the CVA fees Process
    • Support for Front Office (reporting, monitoring, creation of counterparties, etc…)
    • Ensure the controls and procedures put in place to support the business and reduce operational risk

    Our commitment to you: Join our team at Crédit Agricole CIB, the corporate and investment banking arm of the 10th largest banking group worldwide in terms of balance sheet size. 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. Our commitment to sustainability and corporate responsibility means 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.

    Candidate criteria:

    • Minimal education level: Bachelor Degree / BSc Degree or equivalent
    • Academic qualification / Speciality: Degree in finance-related subject
    • Experience: Previous Middle Office on Interest Rates Derivatives.
    • Required skills: Fluent English, Rigorous and organised, Autonomous, Ability to work across disciplines, Good communication both verbally and written, Proactive, Reliable, High technical and analytical ability, Ability to work under pressure, Integrity.
    • Languages: English

    Rates Middle Office Analyst employer: Crédit Agricole CIB

    At Crédit Agricole CIB, we pride ourselves on being an exceptional employer, offering a vibrant and inclusive work culture in the heart of London. Our commitment to sustainability and corporate responsibility ensures that your contributions will positively impact both our communities and the environment. With ample opportunities for personal and professional growth, you will thrive in a dynamic environment where innovation is encouraged and diversity is celebrated.
    C

    Contact Detail:

    Crédit Agricole CIB Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Rates Middle Office Analyst

    Tip Number 1

    Familiarise yourself with the specific systems and tools used in trade capture and lifecycle management. Understanding platforms like MarkIT Wire and regulatory reporting processes will give you an edge during interviews.

    Tip Number 2

    Network with professionals already working in the Middle Office or related roles. Attend industry events or join online forums to gain insights and potentially get referrals that could help you land the job.

    Tip Number 3

    Stay updated on current trends and regulations affecting the financial markets, especially those related to interest rates derivatives. This knowledge will not only prepare you for interviews but also demonstrate your commitment to the field.

    Tip Number 4

    Prepare to discuss your problem-solving skills and how you've handled pressure in past roles. The ability to manage issues effectively is crucial in a fast-paced environment like the one at Crédit Agricole CIB.

    We think you need these skills to ace Rates Middle Office Analyst

    Trade Capture and Booking
    Risk Management
    Attention to Detail
    Analytical Skills
    Knowledge of Interest Rate Derivatives
    Lifecycle Event Processing
    Regulatory Compliance (DFA & EMIR)
    Collateral Management
    Proficiency in Front Office Systems
    Communication Skills (verbal and written)
    Problem-Solving Skills
    Ability to Work Under Pressure
    Organisational Skills
    Autonomy and Proactivity

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights relevant experience in middle office roles, particularly with interest rates derivatives. Use keywords from the job description to demonstrate your fit for the position.

    Craft a Strong Cover Letter: In your cover letter, explain why you are interested in the Rates Middle Office Analyst role and how your skills align with the responsibilities outlined. Mention your ability to work under pressure and your proactive approach.

    Showcase Relevant Skills: Emphasise your technical and analytical abilities, as well as your communication skills. Provide examples of how you've successfully managed trade bookings or supported front office operations in previous roles.

    Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.

    How to prepare for a job interview at Crédit Agricole CIB

    Understand the Role

    Make sure you thoroughly understand the responsibilities of a Rates Middle Office Analyst. Familiarise yourself with trade capture, lifecycle management, and regulatory reporting. This will help you answer questions confidently and demonstrate your knowledge during the interview.

    Showcase Your Analytical Skills

    Prepare to discuss your analytical abilities and how they apply to the role. Be ready to provide examples of how you've used these skills in previous positions, especially in high-pressure environments. This will highlight your suitability for the fast-paced nature of the job.

    Communicate Effectively

    Since good communication is key in this role, practice articulating your thoughts clearly and concisely. You may be asked to explain complex concepts, so being able to communicate effectively will set you apart from other candidates.

    Demonstrate Proactivity

    Be prepared to discuss instances where you've taken initiative in your previous roles. Whether it was streamlining processes or identifying potential risks, showcasing your proactive approach will resonate well with the interviewers.

    Rates Middle Office Analyst
    Crédit Agricole CIB
    C
    Similar positions in other companies
    UK’s top job board for Gen Z
    discover-jobs-cta
    Discover now
    >