£78K/yr
London, England
Permanent, Variable

Derivative Middle Office AVP

Posted by Harvey Nash.

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.
  • Clear and timely escalation of any issues to management, ensuring any risks are fully understood.

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