Position Overview & Specifications
Description du poste
Summary The Credit Middle Office acts as a support and control function for the activities managed in London by the Credit Market Business Line who works with financial products such as Bonds, CDS, CDS Indices; Swaps, FRAs and Strips. Key Responsibilities The Credit Middle office offers dedicated support to all Credit and some Govies Trading Desks. Control: o Trade validation in FO systems (1st level of control) o CDS & Indices: Control of New Trades and Unwinds booking plus follow up o Swaps: Control of New Trades and Unwinds booking plus follow up o False/technical counterparty checks o Distressed Assets product line o Collateral discrepancy checks and investigation o Monitoring of STP flows Support: o Novations (ad hoc and organised bulk): responsibility of e-platforms management, booking in FO systems and follow up with counterparties and BOs o Failed and alleged trades monitoring o Funding/re-financing: calculation and booking in FO systems o Syndication fees follow-up o CDS booking o Invoice Booking & P&L Transfers o Error Status Follow-up o Bilateral Compressions o ICE Compressions o Bond Exchanges and Funges Credit & Succession Events: o Bank-wide management of Credit and Succession Events: responsibility of managing and prioritisation of all requests and questions pertaining to Credit Events in a timely manner. o Booking, FO communication, validation and materialising the P&L impact. o Co-ordination with other support teams such as: BO, Legal, Risk and MAM. o Compilation of information of the ISDA Determinations Committee decisions, Markit (refinancing/rename event). Other ad hoc requests: o Specific stock reconciliation o Reporting / KPIs Reporting o Investor Reports o Reporting / Statistics o Sensitivity to MIFID2 requirementsManagement and reporting
The candidate will report to the Head of London Credit MO
Legal and Regulatory Responsibilities
Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.
Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence
- Critères de candidature
- Durée
12 Months
- Niveau d'étude minimum
Bac + 3 / L3
- Formation / Spécialisation
Graduate
Credit support function (ideally in a dealing room)Credit Events experience
- Soft skills
· Ability to work in a team environment· Strong attention to detail· Ability to work well under pressure· Dynamic individual that can take initiative· Strong communication skills· Strong time management skills and ability to operate within strict deadlines· Must be flexible, especially during a Credit Event
- Outils informatiques
Good knowledge of ExcelVBA programming