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.
Role Experience:
The role requires SME knowledge of Derivative products, including cleared & bilateral
swaps, Swaptions, CDS, CDS Index Options & ASCOTs.
Experience in supporting cleared flows via brokers or direct memberships of CCPs.
Strong understanding of front-to-back Derivative flows, from trade booking to life-cycle
management and settlement.
Able to be flexible and work to tight deadlines but maintain the very highest standards.
Identify risks, ensuring robust control environment and high operating standards.
Equivalent experience at an Investment Bank, working in a Derivative Middle Office
capacity.
Experience in delivering continuous improvement in a Middle Office function, improving
control environment and efficiency.
Technical Experience:
Knowledge of Derivative products, including TRS, CDS, Swaps, NDF, FRAs &
Convertible Bond Options and associated processes, controls & regulation.
Exposure to Murex Middle / Back Office, ION, Markitwire, Duco.
Worked with Trading Venues, such as Bloomberg, Tradeweb.
Good understanding of cleared trades processing, including JSCC, Eurex and LCH.
Front to back understanding of Derivative Trade Flow, including Trade Capture,
Confirmation, Settlements, Compression and Valuations.
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003