Equity Swaps Trade Support Analyst

Key responsibilities

• Trade capture & daily lifecycle management
  • Own the accuracy of the trade book as the agreed source of truth between the desk and downstream systems, including risk and positions.
  • Validate that new equity swaps (single-name, basket, index and portfolio TRS) are booked completely and accurately, checking economics such as notional, financing spread, reset frequency, dividend treatment and the underlying / fixing source as well as commissions values.
  • Manage the full trade lifecycle: rate and equity resets, fixings, partial unwinds, terminations, novations, amendments and rollovers — ensuring each event is captured correctly and on time.
• Equity events: dividends, corporate actions & financing
  • Process dividend resets / manufactured dividends and validate the equity financing legs, ensuring correct rates, spreads and accruals.
  • Assess and apply the impact of corporate actions (splits, mergers, spin-offs, rights issues) and index rebalances on swap positions.
  • Calculate and validate periodic resets and cash flows across the equity and financing legs.
• Confirmations, reconciliations & exception management
  • Review and affirm trade confirmations against front‑office terms, liaising with counterparties and internal legal / confirmations teams, and managing electronic affirmation platforms (e.g. MarkitWire / OSTTRA, DTCC).
  • Perform daily position, cash and economic reconciliations between the front office, books & records and counterparties; investigate and resolve breaks within SLAs.
  • Own exception and aged‑item management, escalating risk‑relevant items promptly.
• P&L, cash flow & settlement support
  • Support daily P&L production and sign‑off, validating moves and investigating variances alongside the desk and Product Control.
  • Validate and manage swap cash flows (financing, equity, dividend and fee legs); coordinate settlements with Operations and resolve fails.
  • Coordinate margin and collateral movements with the relevant teams for cleared and bilateral trades.
• Controls, risk & regulatory
  • Uphold the team’s operational control framework, supervisory checks, data integrity and segregation of duties, in a high‑volume environment.
  • Support transaction‑reporting obligations (e.g. EMIR, MiFID II, Dodd‑Frank / CFTC) and margin requirements (UMR), ensuring accuracy and completeness.
  • Identify control weaknesses, contribute to remediation, and support internal and external audits.
• Partnership, service & change
  • Act as a trusted partner to trading, sales, structuring, product control, risk, collateral, technology and operations, providing a responsive service on trade queries.
  • Serve as a point of escalation across network of teams.
  • Contribute to automation and process‑improvement initiatives, including requirements definition and UAT for new tools and system migrations.

This is a hybrid fixed term contract position located in London. A valid working permit for the UK is mandatory.