At a Glance
- Tasks: Support trade activities for interest rate derivatives and enhance operational efficiency.
- Company: Leading Investment Bank in the City with a focus on innovation.
- Benefits: Competitive salary, career growth, and dynamic work environment.
- Other info: Collaborative culture with opportunities to work on new technologies.
- Why this job: Join a team that drives impactful change in financial markets.
- Qualifications: 5+ years in trade support and strong knowledge of financial products required.
The predicted salary is between 50000 - 70000 £ per year.
Our client is a leading Investment Bank based in the City, accountable for the execution of assigned trade support activities for International Rates Trading that require specialized handling and skills applying in-depth product knowledge.
Support the introduction of new products, technology and processes. Develop and maintain excellent working relationships with Capital Markets Trading & Sales, Product Operations and other stakeholder groups.
Key Accountabilities
- Product & Process
- Accountable for the execution of assigned on-desk trade support activities in a timely, accurate and efficient basis.
- Book, validate and amend trades, affirm and allocate trades in Markitwire, Calypso and TOMs.
- Review trade discrepancies and investigations.
- Perform trade and position reconciliations.
- Investigate PnL and booking issues.
- Conduct brokerage checks and any other ad-hoc requests by the trading desk.
- Support the resolution of exceptions, escalating to management as required.
- Support the introduction of new products or processes and new technologies that are in line with Business Partner initiatives participating in the analysis, testing and implementation activities.
- Work closely with internal and external stakeholders in support of Rates Trade Support activities.
- Participate in various stakeholder forums (Project Delivery/ Technology/ Regulatory/ Risk) in support of Rates Trade Support activities.
- Compile risk metrics for management.
- Risk & Control
- Identify potential risk situations within the scope of Rates Trade Support activities, escalating to management as required.
- Ensure adherence to directives, internal processes and internal approvals to mitigate risk to the bank.
- Understand regulatory and compliance requirements as prescribed for the business unit to ensure adherence as required.
- Contribute to testing and updating of contingency planning to support the business and maintain continuity of critical processes throughout a contingency event.
- Contribute to ensuring all procedures/ standards of team(s) are documented and regularly reviewed and updated as needed in accordance with market best practice guidelines and industry regulations.
- Business Performance Management
- Identify opportunities to improve the operational effectiveness of assigned day-to-day Rates Trade Support activities.
- Deliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support.
- Develop excellent working relationships with Capital Markets Trading Products desks, Product Operations and other stakeholder groups ensuring we have a global view across the business.
- Align individual performance goals to the team.
Knowledge and Skills
- 5+ years experience supporting rates or structured interest rates trading desk.
- University Degree in related discipline.
- Strong knowledge and understanding of a range of financial products including interest rate swaps, inflation swaps, cross currency swaps, bonds, futures, options, fras etc including structured rates products.
- Expert knowledge of Markitwire and Calypso, extensive experience.
Trade Support Senior Associate - Global Middle Office – Interest Rate Derivatives in London employer: Morgan McKinley
As a leading Investment Bank located in the heart of the City, we pride ourselves on fostering a dynamic and inclusive work culture that encourages collaboration and innovation. Our employees benefit from comprehensive training programmes and clear pathways for career advancement, ensuring that you can grow your skills while contributing to impactful projects in the fast-paced world of interest rate derivatives. Join us to be part of a team that values excellence, supports your professional development, and offers a unique opportunity to work with top-tier professionals in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Support Senior Associate - Global Middle Office – Interest Rate Derivatives in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Ace the Interview
Prepare for your interviews by researching the company and practising common questions. Be ready to discuss your experience with interest rate derivatives and how you can contribute to their team. Confidence is key, so show them what you’ve got!
✨Follow Up
After an interview, send a quick thank-you email to express your appreciation for the opportunity. It shows professionalism and keeps you fresh in their minds. Plus, it’s a great chance to reiterate your enthusiasm for the role!
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us can sometimes give you an edge, as we’re always looking for passionate candidates who fit our culture. Let’s get you that dream job!
We think you need these skills to ace Trade Support Senior Associate - Global Middle Office – Interest Rate Derivatives in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Support Senior Associate role. Highlight your experience with interest rate derivatives and any relevant systems like Markitwire and Calypso. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your ability to build relationships with stakeholders, as that’s key for us.
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled challenges in trade support or risk management. We love candidates who can think on their feet and come up with effective solutions, so let us know how you've done this in the past!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen to join our team at StudySmarter!
How to prepare for a job interview at Morgan McKinley
✨Know Your Products Inside Out
Make sure you have a solid understanding of interest rate derivatives and related financial products. Brush up on your knowledge of swaps, bonds, and options, as well as the specific tools like Markitwire and Calypso. Being able to discuss these confidently will show that you're ready for the role.
✨Demonstrate Your Problem-Solving Skills
Prepare examples of how you've handled trade discrepancies or reconciliations in the past. Think about times when you identified risks or improved processes. This will highlight your ability to manage challenges effectively, which is crucial for this position.
✨Build Relationships with Stakeholders
Since the role involves working closely with various teams, be ready to discuss how you've developed strong working relationships in previous roles. Share specific instances where collaboration led to successful outcomes, showing that you can communicate and work well with others.
✨Stay Updated on Regulatory Changes
Familiarise yourself with the latest regulatory requirements affecting the investment banking sector. Be prepared to discuss how you ensure compliance in your work. This demonstrates your commitment to risk management and adherence to industry standards, which is vital for the role.
