Fixed Income Trade Support - Investment Banking Background
Fixed Income Trade Support - Investment Banking Background

Fixed Income Trade Support - Investment Banking Background

Slough Full-Time 43200 - 72000 Β£ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join our team to support trade operations and manage daily trading activities.
  • Company: Miryco Consultants partners with a leading Fixed Income Asset Manager in London.
  • Benefits: Enjoy hybrid working arrangements and gain exposure to diverse financial products.
  • Why this job: Be part of a dynamic team, enhancing your skills in a fast-paced investment banking environment.
  • Qualifications: A minimum 2:1 degree and 2 years' experience in trade support or middle office roles required.
  • Other info: Ideal for those passionate about finance and eager to learn in a collaborative setting.

The predicted salary is between 43200 - 72000 Β£ per year.

Miryco Consultants are working with an established Fixed Income Asset Manager requiring an Asset Operations Analyst to join the team providing dedicated trade and middle office support to the trading desk. This will suit an individual who has prior experience in a fixed income, derivative trading or structuring middle office role within an investment bank, and is motivated by working in a dynamic, fast-paced and demanding team environment.

Responsibilities:

  • Daily trade activity validation and reconciliation;
  • Support the settlement and life cycle management covering a variety of products, much of which is traded on a daily basis:
  • Interest Rates, Inflation and Cross Currency swaps, options, and spot and forward FX
  • Credit Default swaps
  • Bonds, across Supranational, Sovereign and Sub-Sovereign, Corporate and Infra sectors
  • Bilateral & tri-party repos
  • Long term secured funding structures: commercial real estate, infra, social housing
  • Manage trade related queries during the trade review, confirmation and settlement process and act as an intermediary with other teams, where necessary;
  • Support for new structured transactions, including design of new processes and contributions to risk memos where products are new to the business;
  • Support intra-day funding, cashflow management and cash reconciliations for the business;
  • Work closely with the Trading, Structuring, Finance, Risk, Quants/Strats and Technology teams;
  • Understand the company's regulatory obligations under EMIR with respect to trade activity, clearing and collateral rules and obligations.
  • Required:

    • Possess minimum 2:1 degree from a leading university;
    • Minimum 2 years’ experience in either a trading or structuring middle office or trade support role and be able to demonstrate knowledge and understanding of their trade booking and risk management systems;
    • Experience and knowledge of one or more of the products listed above, but deep technical understanding of either Interest Rate Swaps or Credit Default Swaps in particular;
    • Knowledge of external confirmation platforms including CTM /Omgeo, Markitwire and DTCC, and settlement flows in Derivatives or Fixed Income products.

    Working Arrangements: Hybrid, London

    To stay updated about similar roles, please follow Miryco Consultants - LinkedIn.

    Fixed Income Trade Support - Investment Banking Background employer: Miryco Consultants Ltd

    Miryco Consultants is an exceptional employer, offering a dynamic and fast-paced work environment that fosters collaboration and innovation within the investment banking sector. With a strong focus on employee growth, we provide comprehensive training and development opportunities, ensuring our team members are well-equipped to excel in their roles. Located in London, our hybrid working arrangements promote a healthy work-life balance while allowing employees to engage with a diverse range of financial products and services.
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    Contact Detail:

    Miryco Consultants Ltd Recruiting Team

    StudySmarter Expert Advice 🀫

    We think this is how you could land Fixed Income Trade Support - Investment Banking Background

    ✨Tip Number 1

    Network with professionals in the fixed income and investment banking sectors. Attend industry events, webinars, or local meetups to connect with people who can provide insights or even refer you to opportunities at firms like StudySmarter.

    ✨Tip Number 2

    Familiarise yourself with the specific products mentioned in the job description, such as Interest Rate Swaps and Credit Default Swaps. Having a solid understanding of these products will not only help you in interviews but also demonstrate your genuine interest in the role.

    ✨Tip Number 3

    Research the regulatory obligations under EMIR and how they impact trade activity. Being knowledgeable about compliance requirements will set you apart from other candidates and show that you are proactive in understanding the industry's landscape.

    ✨Tip Number 4

    Prepare to discuss your experience with trade booking and risk management systems during interviews. Be ready to provide examples of how you've successfully managed trade-related queries or supported new structured transactions in your previous roles.

    We think you need these skills to ace Fixed Income Trade Support - Investment Banking Background

    Trade Activity Validation
    Reconciliation Skills
    Middle Office Operations
    Fixed Income Products Knowledge
    Derivative Trading Experience
    Interest Rate Swaps Expertise
    Credit Default Swaps Understanding
    Settlement Process Knowledge
    Cashflow Management
    Regulatory Compliance (EMIR)
    Communication Skills
    Problem-Solving Skills
    Attention to Detail
    Team Collaboration
    Technical Proficiency in Trade Booking Systems
    Experience with Confirmation Platforms (CTM, Omgeo, Markitwire, DTCC)

    Some tips for your application 🫑

    Tailor Your CV: Make sure your CV highlights relevant experience in fixed income, derivative trading, or middle office roles. Emphasise your knowledge of trade booking and risk management systems, as well as any specific products you've worked with.

    Craft a Strong Cover Letter: Write a cover letter that showcases your motivation for the role and your understanding of the responsibilities. Mention your experience with interest rate swaps or credit default swaps, and how you can contribute to the team.

    Highlight Relevant Skills: In your application, clearly outline your skills related to trade validation, reconciliation, and settlement processes. Include any experience with external confirmation platforms like CTM/Omgeo or Markitwire.

    Showcase Team Collaboration: Since the role involves working closely with various teams, provide examples of past experiences where you successfully collaborated with trading, structuring, finance, or technology teams to achieve common goals.

    How to prepare for a job interview at Miryco Consultants Ltd

    ✨Showcase Your Technical Knowledge

    Make sure to highlight your understanding of fixed income products, especially Interest Rate Swaps and Credit Default Swaps. Be prepared to discuss your experience with trade booking and risk management systems, as this will demonstrate your technical expertise.

    ✨Demonstrate Your Problem-Solving Skills

    Prepare examples of how you've managed trade-related queries or resolved issues during the trade review and settlement process. This will show your ability to think on your feet and work effectively under pressure.

    ✨Familiarise Yourself with Regulatory Obligations

    Understand the company's regulatory obligations under EMIR, particularly regarding trade activity and collateral rules. Being knowledgeable about these regulations will reflect your commitment to compliance and risk management.

    ✨Emphasise Team Collaboration

    Since the role involves working closely with various teams, be ready to discuss your experience in collaborative environments. Share instances where you successfully worked with trading, structuring, or technology teams to achieve common goals.

    Fixed Income Trade Support - Investment Banking Background
    Miryco Consultants Ltd
    M
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