£50K/yr to £85K/yr
London, England
Permanent, Variable

Interest Rate Swaps SME, Middle Office Operations

Posted by Hays Specialist Recruitment Limited.

Our client is a fast-growing asset manager specialising in global quantitative macro strategies, renowned for their unrivalled fund performance. With international offices, including their London location at the forefront of their expansion, they have created a new role for an experienced Middle Office Operations Interest Rate Swaps (IRS) Subject-Matter Expert to support the Trading Desks.

This role will suit candidates with strong IRS trade support experience, who can take ownership of Rates and act as the SME for the trading desks. The desks are trading more IRS alongside the implementation of a new system, hence the creation of this new role.

Candidates will be experienced across the full life cycle events of Interest Rate Swaps, such as novations, compressions, terminations, curve management (yield curves), resetting interest rates, handling different applicable dates, accrued interest calculations, valuation and market value assessments and maturity and termination processes.
You will serve as the first point of contact for traders, providing essential support for their IRS trading activities and overseeing third-party administrators. This role involves managing the full trade lifecycle in a high-volume environment, predominantly straight-through processing (STP), while handling complex exceptions, investigations, and reconciliations. You will collaborate closely with the front office and third-party administrators on various middle office tasks, including reconciliation.

This is a fast-paced but rewarding and dynamic environment. To be considered, candidates will come from a strong Interest Rate Swaps background gained in either an investment bank, investment manager, hedge fund or third-party administrator. As a member of the middle office team, you will act as the crucial link between the front office and third-party middle office administrators, ensuring efficient communication and seamless trade operations.
In return, our client offers a supportive and collaborative team environment, a highly competitive salary, bonus potential and an enticing benefits package. Perks include complimentary breakfast and lunch when in the office, access to an in-house gym as well as subsidised external gym membership and much more in their brand-new modern office space. This is an exciting place to work and to be a part of the continual expansion and growth.

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