At a Glance
- Tasks: Support trade activities for International Rates Trading and ensure accurate execution.
- Company: Leading Investment Bank in the City with a focus on innovation.
- Benefits: Competitive salary, career growth, and opportunities to work with cutting-edge technology.
- Other info: Collaborative environment with excellent relationships across Capital Markets and Product Operations.
- Why this job: Join a dynamic team and make an impact in the fast-paced world of finance.
- Qualifications: 5+ years in rates trading support and a relevant university degree.
The predicted salary is between 60000 - 80000 £ per year.
Our client are 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 investigation.
- Perform trade and position reconciliations.
- Investigate PnL and booking issues.
- Brokerage checks and any other adhoc requests by 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 Slough employer: Morgan McKinley
As a leading Investment Bank located in the heart of the City, we pride ourselves on fostering a dynamic work culture that values collaboration and innovation. Our employees benefit from comprehensive training programmes, opportunities for professional growth, and a commitment to maintaining a supportive environment where every team member can thrive. Join us to be part of a forward-thinking organisation that not only prioritises excellence in trade support but also invests in the development of its people.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Support Senior Associate - Global Middle Office – Interest Rate Derivatives in Slough
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join relevant online forums, and don’t be shy about reaching out to folks on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Ace the Interview
Prepare for your interviews by researching the company and the role inside out. Think about how your experience aligns with their needs, especially around trade support and risk management. Practice common interview questions and have your own ready to show your interest!
✨Showcase Your Skills
When you get the chance, demonstrate your expertise in financial products and trade support processes. Use examples from your past experiences to highlight your problem-solving skills and ability to work under pressure. Make it clear you’re the go-to person for trade discrepancies!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Trade Support Senior Associate - Global Middle Office – Interest Rate Derivatives in Slough
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 technologies 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, be sure to highlight specific examples where you've identified and resolved issues in trade support or risk management. We love candidates who can demonstrate their analytical skills and proactive approach!
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 don’t miss out on any important updates. Plus, we love seeing applications come in through our own channels!
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, including swaps and options. Brush up on your knowledge of Markitwire and Calypso, as these are crucial tools for the role. Being able to discuss specific products confidently will show that you're well-prepared.
✨Demonstrate Your Problem-Solving Skills
Be ready to share examples of how you've handled trade discrepancies or reconciliations in the past. Highlight your ability to investigate issues and escalate them appropriately. This will showcase your analytical skills and your proactive approach to risk management.
✨Build Rapport with Stakeholders
Since the role involves working closely with various teams, think about how you can demonstrate your relationship-building skills. Prepare anecdotes that illustrate how you've successfully collaborated with trading desks or product operations in previous roles.
✨Showcase Your Adaptability
The job requires supporting new products and processes, so be prepared to discuss how you've adapted to changes in your previous positions. Share experiences where you contributed to the implementation of new technologies or processes, highlighting your flexibility and willingness to learn.
