Derivatives Operations - SME

Harvey Nash IT Recruitment UK

Posted on May 13, 2024 by Harvey Nash IT Recruitment UK
City, London, United Kingdom
Accountancy
Immediate Start
Daily Salary
Contract/Project

Derivatives Operations - SME

A Leading Financial Services Business are looking to hire an experienced Derivatives Operations - SME

  • * The role is an initial 12 month contract (scope to roll on)
  • * It's a hybrid opportunity - (2 or 3 days in the office) - London based
  • * The role is inside IR35 - paying between £400 - £600 per day via Umbrella or PAYE

Profile Summary

To provide Middle Office support to the Derivative business, ensuring trade accuracy and completeness in front-to-back systems. Cleared & bi-lateral products supported include IR Swaps, FRAs, FX Swaps, NDFs, CDS, TRS and Convertible Bond Options. Working within a team of 5 people.

Duties and Responsibilities

  • Monitoring & resolving exceptions generated in Murex (OSP) & Optic intra-day reconciliation ensuring trade flow completeness/accuracy.
  • Timely management of these exceptions in trade flow, with appropriate escalation for aged items.
  • Responsible for completion of system reconciliations, break resolution and escalation of any unresolved items.
  • Monitoring both the TradeServ and Markitwire affirmation platforms to ensure data is captured and confirmed accurately.
  • Timely response to Front Office enquires and clearing issues.
  • Responsible for cleared trade flow managing clearing status through direct/in-direct CCP relationships ensuring trade/positions are aligned to internal systems.
  • Support the business with Compressions, reducing portfolios managing processing through tri-optima or via clearing broker relationships.
  • Allocation of ASCOT trades in Front Arena and associated tasks. Ensuring trades are accurately represented in Murex.
  • Execution of OTC ISDA Confirmation both incoming and drafting process adhering to internal and external driven targets.
  • KRI and Risk Reporting, ensuring our metrics capture Key Risk Indicators and escalate emerging risks appropriately.
  • Assist with the evolution of the Derivatives Support function, evaluate the go-forward operating model and enable new business initiatives.
  • Work closely with technology, establish required system enhancements, drive prioritisation and plan/manage change for the function, raising required JIRAs and following changes through to delivery.
  • Contribute towards simplifying any complex, inefficient processes and show demonstrable improvement.
  • Ensure the regulatory responsibilities are understood with processes and controls established to ensure compliance.

Qualifications, Skills and Experience

  • Role Experience:

    • The role requires SME knowledge of Derivative products, including cleared & bilateral swaps, Swaptions, CDS, CDS Index Options & ASCOTs.
    • Experience in supporting cleared flows via brokers or direct memberships of CCPs.
    • Strong understanding of front-to-back Derivative flows, from trade booking to life cycle management and settlement.
    • Able to be flexible and work to tight deadlines but maintain the very highest standards.
    • Identify risks, ensuring robust control environment and high operating standards.
    • Equivalent experience at an Investment Bank, working in a Derivative Middle Office capacity.
    • Experience in delivering continuous improvement in a Middle Office function, improving control environment and efficiency.

    Technical Experience:

    • Knowledge of Derivative products, including TRS, CDS, Swaps, NDF, FRAs & Convertible Bond Options and associated processes, controls & regulation.
    • Exposure to Murex Middle/Back Office, ION, Markitwire, Duco.
    • Worked with Trading Venues, such as Bloomberg, Tradeweb.
    • Good understanding of cleared trades processing, including JSCC, Eurex and LCH.
    Front to back understanding of Derivative Trade Flow, including Trade Capture, Confirmation, Settlements, Compression and Valuations.


Reference: 2759769058

https://jobs.careeraddict.com/post/90702389

This Job Vacancy has Expired!

Harvey Nash IT Recruitment UK

Derivatives Operations - SME

Harvey Nash IT Recruitment UK

Posted on May 13, 2024 by Harvey Nash IT Recruitment UK

City, London, United Kingdom
Accountancy
Immediate Start
Daily Salary
Contract/Project

Derivatives Operations - SME

A Leading Financial Services Business are looking to hire an experienced Derivatives Operations - SME

  • * The role is an initial 12 month contract (scope to roll on)
  • * It's a hybrid opportunity - (2 or 3 days in the office) - London based
  • * The role is inside IR35 - paying between £400 - £600 per day via Umbrella or PAYE

Profile Summary

To provide Middle Office support to the Derivative business, ensuring trade accuracy and completeness in front-to-back systems. Cleared & bi-lateral products supported include IR Swaps, FRAs, FX Swaps, NDFs, CDS, TRS and Convertible Bond Options. Working within a team of 5 people.

Duties and Responsibilities

  • Monitoring & resolving exceptions generated in Murex (OSP) & Optic intra-day reconciliation ensuring trade flow completeness/accuracy.
  • Timely management of these exceptions in trade flow, with appropriate escalation for aged items.
  • Responsible for completion of system reconciliations, break resolution and escalation of any unresolved items.
  • Monitoring both the TradeServ and Markitwire affirmation platforms to ensure data is captured and confirmed accurately.
  • Timely response to Front Office enquires and clearing issues.
  • Responsible for cleared trade flow managing clearing status through direct/in-direct CCP relationships ensuring trade/positions are aligned to internal systems.
  • Support the business with Compressions, reducing portfolios managing processing through tri-optima or via clearing broker relationships.
  • Allocation of ASCOT trades in Front Arena and associated tasks. Ensuring trades are accurately represented in Murex.
  • Execution of OTC ISDA Confirmation both incoming and drafting process adhering to internal and external driven targets.
  • KRI and Risk Reporting, ensuring our metrics capture Key Risk Indicators and escalate emerging risks appropriately.
  • Assist with the evolution of the Derivatives Support function, evaluate the go-forward operating model and enable new business initiatives.
  • Work closely with technology, establish required system enhancements, drive prioritisation and plan/manage change for the function, raising required JIRAs and following changes through to delivery.
  • Contribute towards simplifying any complex, inefficient processes and show demonstrable improvement.
  • Ensure the regulatory responsibilities are understood with processes and controls established to ensure compliance.

Qualifications, Skills and Experience

  • Role Experience:

    • The role requires SME knowledge of Derivative products, including cleared & bilateral swaps, Swaptions, CDS, CDS Index Options & ASCOTs.
    • Experience in supporting cleared flows via brokers or direct memberships of CCPs.
    • Strong understanding of front-to-back Derivative flows, from trade booking to life cycle management and settlement.
    • Able to be flexible and work to tight deadlines but maintain the very highest standards.
    • Identify risks, ensuring robust control environment and high operating standards.
    • Equivalent experience at an Investment Bank, working in a Derivative Middle Office capacity.
    • Experience in delivering continuous improvement in a Middle Office function, improving control environment and efficiency.

    Technical Experience:

    • Knowledge of Derivative products, including TRS, CDS, Swaps, NDF, FRAs & Convertible Bond Options and associated processes, controls & regulation.
    • Exposure to Murex Middle/Back Office, ION, Markitwire, Duco.
    • Worked with Trading Venues, such as Bloomberg, Tradeweb.
    • Good understanding of cleared trades processing, including JSCC, Eurex and LCH.
    Front to back understanding of Derivative Trade Flow, including Trade Capture, Confirmation, Settlements, Compression and Valuations.

Reference: 2759769058

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