At a Glance
- Tasks: Ensure accurate trade flows and support critical operations in a dynamic investment banking environment.
- Company: Join a leading global financial institution with a high-performing operations team.
- Benefits: Competitive pay, professional growth opportunities, and a chance to work with industry experts.
- Other info: Fast-paced environment with opportunities for career advancement and skill development.
- Why this job: Make a real impact by supporting innovative derivatives processes and enhancing operational efficiency.
- Qualifications: Experience in Derivative Middle Office and strong analytical skills are essential.
The predicted salary is between 50000 - 70000 € per year.
We are currently seeking an experienced Derivative Middle Office Contractor to join a high-performing operations team within a leading global financial institution. This role sits within a specialist derivatives support function, providing critical front-to-back trade support across a broad range of products.
The Role
You will play a key role in ensuring the accuracy, completeness, and integrity of derivative trade flows across front-to-back systems. Working closely with Front Office, Technology, and external counterparties, you will help maintain a robust control environment and support ongoing business initiatives.
Key Responsibilities
- Monitor and resolve trade flow exceptions across reconciliation platforms, ensuring data accuracy and completeness
- Manage system reconciliations, investigate breaks, and escalate unresolved items promptly
- Oversee trade affirmation platforms ensuring timely confirmation and alignment
- Support cleared derivative processing across CCPs, maintaining accurate trade and position records
- Liaise with Front Office to resolve queries and clearing-related issues
- Execute and manage OTC confirmations (both incoming and drafted) in line with internal targets
- Support portfolio compression cycles through vendor platforms and broker relationships
- Contribute to risk reporting and Key Risk Indicator (KRI) frameworks
- Drive process improvements and support system enhancements in collaboration with technology teams
Requirements
- Strong experience in Derivative Middle Office within an investment banking environment
- SME-level knowledge across products such as IR Swaps, FRAs, CDS, TRS, FX Swaps, NDFs, and Convertible Bond Options
- Proven understanding of front-to-back trade lifecycle, including trade capture, confirmation, clearing, settlements, and lifecycle events
- Experience supporting cleared derivatives via CCPs
- Hands-on experience with systems such as Murex, Markitwire, ION, Duco and trading platforms like Bloomberg or Tradeweb
- Strong analytical and problem-solving skills with a focus on risk and control
- Ability to manage high volumes, prioritise effectively, and meet tight deadlines
Derivatives Middle Office - Hays in London employer: Hays
As a leading global financial institution, we pride ourselves on fostering a dynamic and inclusive work environment that encourages professional growth and collaboration. Our Derivatives Middle Office team is integral to our operations, offering employees the chance to engage with cutting-edge technology and complex financial products while benefiting from comprehensive training and development opportunities. Located in a vibrant financial hub, we provide a supportive culture that values innovation and excellence, making us an exceptional employer for those seeking a rewarding career in investment banking.
StudySmarter Expert Advice🤫
We think this is how you could land Derivatives Middle Office - Hays in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those in derivatives or investment banking. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of derivative products and trade lifecycles. We recommend practising common interview questions and scenarios related to trade support to show you're ready to hit the ground running.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for their team.
✨Tip Number 4
Apply through our website for the best chance at landing that dream job! We make it easy for you to showcase your skills and experience directly to hiring managers who are looking for talent just like yours.
We think you need these skills to ace Derivatives Middle Office - Hays in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Derivatives Middle Office role. Highlight your experience with products like IR Swaps and CDS, and don’t forget to mention any hands-on experience with systems like Murex or Bloomberg.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention your strong analytical skills and how you’ve successfully managed trade flow exceptions in the past.
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled challenges in previous roles. We love seeing candidates who can think on their feet and come up with effective solutions, especially in high-pressure environments.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we want to see your enthusiasm for joining our high-performing operations team!
How to prepare for a job interview at Hays
✨Know Your Derivatives Inside Out
Make sure you brush up on your knowledge of derivatives, especially the specific products mentioned in the job description like IR Swaps and CDS. Being able to discuss these confidently will show that you're not just familiar with the terms but can also apply them practically.
✨Demonstrate Your Problem-Solving Skills
Prepare examples from your past experience where you've successfully resolved trade flow exceptions or managed system reconciliations. This will highlight your analytical skills and ability to handle high-pressure situations, which is crucial for this role.
✨Familiarise Yourself with Relevant Systems
Get to know the systems listed in the job description, such as Murex and Markitwire. If possible, try to find tutorials or demos online. Showing that you have hands-on experience or a good understanding of these platforms can set you apart from other candidates.
✨Ask Insightful Questions
Prepare thoughtful questions about the team dynamics, ongoing business initiatives, or how they measure success in the role. This not only shows your interest in the position but also gives you a chance to assess if the company culture aligns with your values.
