Trade Support Analyst - Derivatives

4668261
  • Job type

    Permanent
  • Location

    London
  • Working Pattern

    Full-time
  • Specialism

    Banking Operations
  • Industry

    Banking & Financial Services
  • Pay

    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

As a Trade Support Analyst, you will be responsible for Derivatives Trade Support across the bank's banking and other business. Your key responsibilities will include:
  • 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

Essential Work Experience:
  • Middle Office, Trading Assistant, or Product Control experience in flow or derivatives.
Skills and Experience:
Functional / Technical Competencies:
  • 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.

Apply for this job

Talk to Fanni Kiszel, the specialist consultant managing this position

Located in London-City, 5th Floor, 107 Cheapside, Telephone 0333 010 6634
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