At a Glance
- Tasks: Execute and support trades in a fast-paced banking environment.
- Company: Dynamic City-based banking institution with a focus on innovation.
- Benefits: Competitive salary, career development opportunities, and a collaborative work culture.
- Other info: Engage in exciting projects and improve operational effectiveness in a supportive environment.
- Why this job: Join a team that drives impactful trading operations and enhances financial products.
- Qualifications: 5+ years in trade support with strong financial product knowledge.
The predicted salary is between 60000 - 80000 £ 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 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.
- 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 SwapAgent.
- Good understanding of the drivers of PnL and risk with experience of EOD flash / trader blotter checks.
Senior Middle Office - Interest Rate Derivatives in Slough 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.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Middle Office - Interest Rate Derivatives in Slough
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those in trade support or related fields. 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 technical knowledge. Make sure you can confidently discuss interest rate derivatives and your experience with tools like Markitwire and Calypso. We want you to shine when it comes to showcasing your expertise!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you and match your skills. Tailor your approach to each application to show you’re genuinely interested.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. It shows your enthusiasm and professionalism, which is exactly what hiring managers love to see.
We think you need these skills to ace Senior Middle Office - Interest Rate Derivatives in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Middle Office role. Highlight your experience with interest rate derivatives and any relevant tools 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 trade support and how your background makes you a perfect fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Experience:When detailing your experience, focus on specific achievements related to trade execution and reconciliation. We want to know how you've tackled challenges in the past and what you've learned from them. Numbers and examples go a long way!
Apply Through Our Website:Don't forget to apply 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 on joining our awesome team at StudySmarter!
How to prepare for a job interview at MW Recruitment Limited
✨Know Your Financial Products
Make sure you brush up on your knowledge of financial products, especially interest rate swaps and structured rates. Be ready to discuss how these products work and their implications in trading scenarios. This will show that you’re not just familiar with the terms but can apply them practically.
✨Master the Tools of the Trade
Familiarise yourself with Markitwire and Calypso before the interview. If you can, practice using these platforms or review any relevant documentation. Being able to speak confidently about your experience with these tools will set you apart from other candidates.
✨Demonstrate Problem-Solving Skills
Prepare examples of how you've handled trade discrepancies or PnL issues in the past. Think about specific situations where you identified a problem, investigated it, and resolved it effectively. This will highlight your analytical skills and ability to work under pressure.
✨Show Your Team Spirit
Since this role involves working closely with various teams, be ready to discuss how you’ve collaborated with others in previous roles. Share examples of how you’ve built relationships with trading desks or product operations, and how you contributed to team success.
