Trade Support Analyst - Derivatives
JOB_53121274668261Job type
PermanentLocation
LondonWorking Pattern
Full-timeSpecialism
Banking OperationsIndustry
Banking & Financial ServicesPay
Up to £60,000
Trade Support, Derivatives, Controls, FX
Your new company
Join a prestigious global bank located in London as a Trade Support Analyst. This role offers an exciting opportunity to work within both the banking arm and the securities business under a dual-hat arrangement, making decisions on behalf of both entities.
Your new role
- Accurate execution of day-to-day processes, contributing to the re-engineering or building of controls.
- Liaising closely with Trading, Sales, and Structuring to ensure accurate and timely bookings of trades.
- Acting as a key liaison between trading, other support functions, and counterparties.
- Managing the trade lifecycle, including T0 validation, fixings, coupon calculations, trigger monitoring, break clause, and expiry monitoring.
- Ensuring accuracy of all components of new and existing trade bookings across multiple systems.
- Fully understanding the controls required to support the business through inter-system reconciliations.
- Strict adherence to internal control and escalation protocols.
- Maintaining a consistent and robust control environment.
- Contributing to continuous process improvements.
- Developing and testing in-house systems.
- Participating in strategic projects across multiple infrastructures.
- Composing and maintaining process manuals to ensure accurate and efficient trade support.
What you'll need to succeed
- Middle Office, Trading Assistant, or Product Control experience in flow or derivatives.
- Strong understanding of different asset classes, particularly rates, credit, and FX derivatives.
- Good understanding of various lifecycle events and associated risks on these products.
- Knowledge of electronic trading platforms e.g.: MarkitWire, TradeWeb, Bloomberg TOMS, ICE Link, etc.
- Experience in clearing mechanics and compression optimisation.
- Understanding of the front-to-back process flow, including Market Risk, Credit Risk, Finance, Product Control, Legal, Compliance, etc.
- Knowledge of ISDA documentation.
- Familiarity with reconciliations and operational controls.
- Understanding of lifecycle event management on both vanilla and structured products.
- Knowledge of cash flows and dynamics of a banking business, including funding requirements.
- Knowledge of collateral processes, Initial Margin, Variation Margin, and general CSA familiarity.
What you'll get in return
A competitive salary, hybrid working and benefits package, along with the opportunity to work in a dynamic and challenging environment within a leading global bank.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
Talk to Fanni Kiszel, the specialist consultant managing this position
Located in London-City, 5th Floor, 107 Cheapside, Telephone 0333 010 6634