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- Tasks: Support Portfolio Managers in trade risk activities and ensure accurate trade capture.
- Company: Join a leading hedge fund known for its dynamic trading environment.
- Benefits: Enjoy competitive pay, potential remote work options, and a vibrant corporate culture.
- Why this job: Be part of a fast-paced team that values innovation and collaboration.
- Qualifications: Experience with interest rate derivatives and strong interpersonal skills are essential.
- Other info: Opportunity to engage with senior stakeholders and drive process improvements.
The predicted salary is between 48000 - 72000 £ per year.
The primary support focus of the Middle Office Trade Support team is to support the Portfolio Managers and internal execution teams in their day-to-day risk-taking activities, but the wider responsibility is to work with departments across the firm to ensure the accurate and timely capture of trades.
Key Responsibilities
- Electronic Affirmation: Working with colleagues both on and off-shore, along with our counterparties to match trades in a timely manner for IRS, Bond and Credit trades on their various affirmation platforms.
- Non-electronic Affirmation: To ensure that the risk on all trades or products that do not go through an electronic platform have been addressed and mitigated.
- Broader T0 tasks: To ensure that the MO provides a timely level of service and support to the other product lines and areas who are involved with affirming trades on T0 (e.g. FX, Futures, Equity).
- T+1 support: A level of support is required on T+1 to remediate any issues from the previous day; these should be conducted in a timely manner and the impacted parties informed.
- Escalation: Escalation to line manager, Operational risk, and the wider management team of failures in the process or potential issues that could create a loss for the firm (either direct or a p&l re-instatement).
- Improvements and management of initiatives: Identify and document pain points/process weaknesses within respective areas, and take steps to remediate through delivery of remediation initiatives. This should include stakeholder buy-in and engagement, syndication and sign-off of business case(s), end-to-end project planning, delivery to plan and status reporting, and escalation of risks/issues.
- Control focus: Proactively identify, assess and document risks within your area, and propose process and control improvements to mitigate them. Additionally, it is required to keep the Operational Risk department informed of any findings.
Skills / Experience Required
- Interest rate derivatives exposure within a bank or another buy-side institution is desired.
- The successful candidate will be familiar with a high-paced working environment and have an aptitude for prioritizing multiple deliveries.
- The individual should have strong market understanding and be familiar with industry and regulatory change.
- The ability to strike the balance between working autonomously and collaborating as part of a team is essential, as well as managing project deliveries alongside BAU requirements.
- Strong interpersonal skills are a must – the role involves daily interaction with senior stakeholders in Front Office.
- Familiarity with industry standard systems such as MarkitWire, Markit Trade Manager, Bloomberg, and Murex is beneficial.
Senior Interest Rate Trade Support Specialist - Leading Hedge Fund employer: eFinancialCareers
Contact Detail:
eFinancialCareers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Interest Rate Trade Support Specialist - Leading Hedge Fund
✨Tip Number 1
Familiarise yourself with the specific electronic affirmation platforms mentioned in the job description, such as MarkitWire and Bloomberg. Understanding how these systems work will not only boost your confidence but also demonstrate your proactive approach to potential employers.
✨Tip Number 2
Network with professionals already working in trade support roles within hedge funds or banks. Engaging with them on platforms like LinkedIn can provide you with insider knowledge about the role and may even lead to referrals.
✨Tip Number 3
Stay updated on the latest industry and regulatory changes affecting interest rate derivatives. This knowledge will not only enhance your market understanding but also show your commitment to staying informed, which is crucial for the role.
✨Tip Number 4
Prepare to discuss your experience with managing multiple deliveries in a high-paced environment during interviews. Use specific examples that highlight your ability to prioritise tasks effectively while collaborating with teams and stakeholders.
We think you need these skills to ace Senior Interest Rate Trade Support Specialist - Leading Hedge Fund
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in interest rate derivatives and trade support. Use specific examples that demonstrate your ability to manage multiple deliveries and work in a high-paced environment.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your familiarity with industry-standard systems like MarkitWire and Bloomberg, and how your skills align with the responsibilities outlined in the job description.
Highlight Interpersonal Skills: Since the role involves daily interaction with senior stakeholders, emphasise your strong interpersonal skills. Provide examples of past experiences where you successfully collaborated with teams or managed stakeholder relationships.
Showcase Problem-Solving Abilities: Discuss any initiatives you've led or participated in that improved processes or mitigated risks. This will demonstrate your proactive approach and ability to identify pain points, which is crucial for this position.
How to prepare for a job interview at eFinancialCareers
✨Understand the Role Thoroughly
Make sure you have a solid grasp of the responsibilities outlined in the job description. Familiarise yourself with terms like 'electronic affirmation' and 'T+1 support', as well as the specific systems mentioned, such as MarkitWire and Bloomberg.
✨Showcase Your Interpersonal Skills
Since the role involves daily interaction with senior stakeholders, be prepared to demonstrate your strong interpersonal skills. Think of examples from your past experiences where you've successfully collaborated with others or resolved conflicts.
✨Prepare for Technical Questions
Expect questions related to interest rate derivatives and risk management. Brush up on your knowledge of market trends and regulatory changes, as these are crucial for the role. Be ready to discuss how you've handled similar situations in previous positions.
✨Highlight Your Problem-Solving Abilities
The job requires identifying pain points and proposing improvements. Prepare to discuss specific instances where you've identified issues in processes and how you took initiative to resolve them. This will show your proactive approach and control focus.
