At a Glance
- Tasks: Validate complex trades and manage queries from traders in a dynamic environment.
- Company: Join a leading bank with a collaborative and innovative culture.
- Benefits: Enjoy hybrid working, competitive salary, and professional development opportunities.
- Why this job: Make an impact in capital markets while building strong connections across the bank.
- Qualifications: Experience in trade booking, finance degree, and strong analytical skills required.
- Other info: Initial training period in the office, followed by flexible hybrid working.
The predicted salary is between 54000 - 84000 £ per year.
Join us as a Middle Office VP, Capital Markets. Take on a new role, where you’ll have responsibility for the validation of complex trades booked by our traders. You’ll be managing and resolving queries from traders related to their trade bookings and risk positions. You’ll enjoy considerable interaction, acting as a reference point of the business and building strong connections with colleagues, stakeholders, and teams across the bank. Our team operates within a hybrid working model, which means you’ll work from home some of the time, but you’ll also spend two days per week working from our London office to collaborate with your colleagues. Please note there will be an initial training period of around three months, where you will be expected to attend the office on a daily basis.
As a Middle Office VP, you’ll be applying risk management principles, mitigating key operational risks and identifying opportunities to improve processes. You’ll deliver all team activities in accordance with approved procedures, making sure all service level targets are achieved. You’ll also ensure prompt and clear escalation of any outside of appetite risks, putting appropriate remediation plans in place. We’ll look to you to review securitisation structures pre-close to ensure they can be booked on NatWest Market platforms, along with finding solutions where this is not the case and providing guidance to the structuring teams. Post-close you’ll be responsible for the lifecycle management of these structures, building guides, preparing controls and ensuring adherence.
Your responsibilities will include:
- Provide support to front to back structurers and trading teams trading and sales support within the Markets business.
- Review and advise on structures before closing a structure.
- Ensure trade bookings flow accurately to the finance teams and Profit & Loss statements.
- Provide insight both internally to the department and externally across other functions to support and challenge business decisions and strategy, as well as enhance the customer experience.
- Remain connected with external and industry developments, representing the organisation on industry groups where required.
The skills you’ll need:
- Experience of trade booking and validation.
- Product knowledge of Bonds, Repos, interest rate swaps, basis swaps and cross currency swaps.
- Strong analytical and root cause analysis skills.
- A degree in finance with good post qualification experience or related experience in the banking sector.
- Knowledge of bonds, repos, loan, deposit, forward rate agreement, foreign exchange and overnight index swaps.
- A background of working in settlements, middle office or confirmation teams.
- Expert knowledge of Microsoft Office, specifically Excel, VBA.
- Good communication skills, both written and verbal.
Hours: 35
Job Posting Closing Date: Job Posting Closing Date is not yet published.
Ways of Working: Hybrid
Middle Office VP, Capital Markets employer: NatWest Group
Contact Detail:
NatWest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Middle Office VP, Capital Markets
✨Network Like a Pro
Get out there and connect with people in the industry! Attend networking events, join relevant LinkedIn groups, and don’t be shy about reaching out to current employees at the company you’re eyeing. Building relationships can open doors that a CV just can’t.
✨Ace the Interview
Prepare for your interviews by researching common questions for Middle Office roles and practising your responses. Use the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your experience in trade booking and validation.
✨Showcase Your Skills
During interviews, highlight your analytical skills and product knowledge, especially around Bonds and swaps. Bring examples of how you've mitigated operational risks or improved processes in previous roles to the table – it’ll show you’re the right fit for the job!
✨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, it shows you’re genuinely interested in joining our team and ready to take on the challenges of the role.
We think you need these skills to ace Middle Office VP, Capital Markets
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Middle Office VP role. Highlight your experience with trade booking and validation, and don’t forget to mention your product knowledge of Bonds, Repos, and swaps. We want to see how your skills align with 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 the perfect fit for this role. Share specific examples of how you’ve managed queries or improved processes in previous positions. Let us know how you can contribute to our team!
Showcase Your Analytical Skills: Since strong analytical skills are key for this position, make sure to highlight any relevant experiences where you’ve used these skills. Whether it’s through root cause analysis or risk management, we want to see how you tackle challenges head-on.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at NatWest Group
✨Know Your Stuff
Make sure you brush up on your knowledge of trade booking and validation, especially around Bonds, Repos, and swaps. Being able to discuss these topics confidently will show that you're not just familiar with the jargon but can also apply it practically.
✨Show Off Your Analytical Skills
Prepare to demonstrate your analytical and root cause analysis skills during the interview. Think of examples from your past experience where you've identified issues and implemented solutions, as this will highlight your problem-solving abilities.
✨Communicate Clearly
Since strong communication skills are a must, practice articulating your thoughts clearly and concisely. You might be asked to explain complex concepts, so being able to break them down into simpler terms will be a big plus.
✨Engage with the Team
Remember, this role involves considerable interaction with colleagues and stakeholders. Be prepared to discuss how you would build relationships and collaborate effectively within a hybrid working model. Showing that you value teamwork will resonate well with the interviewers.