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Senior Interest Rate Trade Support Specialist - Leading Hedge Fund

Non-disclosed London, United Kingdom
Posted 16 days ago Flexible Job Permanent £65 - £130
The Middle Office (MO) Trade Support Specialist will be responsible for providing support to Portfolio Managers, Internal execution teams as well as other Departments to ensure all trades are captured and affirmed in a timely manner. The role will be primarily focused on Interest Rate Derivatives, however there will be exposure to other asset classes and securities, such as; credit derivatives, bonds, futures and FX products (both cash and derivatives), Please note my client will not sponsor anyone without UK working eligibility and a relevant background including skill set and asset class.

The primary support focus of the Middle Office Trade Support team is to support the Portfolio Managers and internal execution teams in their day to day risk taking activities, but the wider responsibility is to work with departments across the firm to ensure the accurate and timely capture of trades.

  • Electronic Affirmation: Working with colleagues both on and off-shore, along with our counterparties to match trades in a timely manner for IRS, Bond and Credit trades on their various affirmation platforms.
  • Non-electronic Affirmation: To ensure that the risk on all trades or products that do not go through an electronic platform have been addressed and mitigated.
  • Broader T0 tasks: To ensure that the MO provide a timely level of service and support to the other product lines and areas who are involved with affirming trades on T0 (e.g. FX, Futures, Equity).
  • T+1 support: A level of support is required on T+1 to remediate any issues from the previous day, these should be conducted in a timely manner and the impacted parties informed.
  • Escalation: Escalation to line manager, Operational risk and the wider management team of failures in the process or potential issues that could create a loss for the firm (either direct or a p&l re-instatement).
  • Improvements and management of initiatives: Identify and document pain points / process weaknesses within respective areas, and take steps to remediate through delivery of remediation initiatives. This should include: Stakeholder buy in and engagement, syndication and sign off of business case(s), end-to-end project planning, delivery to plan and status reporting, and escalation of risks / issues.
  • Control focus: Proactively identify, assess and document risks within your area, and propose process and control improvements to mitigate them. Additionally it is required to keep the Operational Risk department informed of any findings.

Skills / Experience Required

  • Interest rate derivatives exposure within a bank, or another buy-side institution is desired.
  • The successful candidate will be familiar with a high paced working environment and have an aptitude for prioritizing multiple deliveries.
  • The individual should have strong market understanding and be familiar with industry and regulatory change
  • The ability to strike the balance between working autonomously and collaborating as part of a team is essential as well as managing project deliveries alongside BAU requirements
  • Strong interpersonal skills is a must – the role involves daily interaction with senior stakeholders in Front Office
  • Familiarity with industry standard systems such as MarkitWire, Markit Trade Manager, Bloomberg, and Murex is beneficial

 

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