At a Glance
- Tasks: Execute trades and support the International Rates Trading desk with accuracy and efficiency.
- Company: A leading City-based banking institution with a focus on innovation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunities for career growth and involvement in exciting projects.
- Why this job: Join a fast-paced team and make an impact in the world of finance.
- Qualifications: 5+ years in trade support and strong knowledge of financial products required.
The predicted salary is between 59400 - 72600 £ per year.
A City based banking institution are recruiting within trade support for International Rates Trading, the successful candidate will be accountable for the execution of trades and to develop and maintain working relationships with Capital Markets Trading & Sales, Product Operations.
- Overview
- 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 Pn L 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.
- Participate in various stakeholder forums (Project Delivery/ Technology/ Regulatory/ Risk) in support of Rates Trade Support activities.
- Identify potential risk situations within the scope of Rates Trade Support activities, escalating to management as required.
- 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.
Experience Required
- 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 in building non-standard trades including modelling trades in Calypso and Markitwire for pricing
- Knowledge of OIS compounding rate calculation to aid rate discrepancy investigation
- Ability to calculate swap notional given risk and tenor.
- Familiarity with trade pricing including asset swaps, butterflies, spreads etc to sanity check broker trades
- Experience of trade compressions and the processing of compressions including risk checks
- Experience of Swap Agent
- Good understanding of the drivers of Pn L and risk with experience of EOD flash / trader blotter checks
Desk Assistant - Interest Rate Derivatives in London employer: MW Recruitment Limited
As a leading City-based bank, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to thrive. Our Compliance Advisory team plays a crucial role in ensuring regulatory adherence while supporting the business's commercial objectives, offering ample opportunities for professional growth and development. With a strong emphasis on collaboration and innovation, we provide our employees with the tools and resources they need to succeed in a fast-paced Capital Markets setting.
