Trade Support Analyst - Derivatives
| Posting date: | 22 April 2025 |
|---|---|
| Salary: | £45,000.0 to £55,000.0 per year |
| Additional salary information: | Up to £60,000 |
| Hours: | Full time |
| Closing date: | 29 April 2025 |
| Location: | City of London, London, EC2V 6DN |
| Remote working: | Hybrid - work remotely up to 2 days per week |
| Company: | Hays Specialist Recruitment |
| Job type: | Permanent |
| Job reference: | 4668261_1745318959 |
Summary
Your new company
Join a prestigious global bank located in London as a Trade Support Analyst. This role offers an exciting opportunity to work within both the banking arm and the securities business under a dual-hat arrangement, making decisions on behalf of both entities.
Your new role
As a Trade Support Analyst, you will be responsible for Derivatives Trade Support across the bank's banking and other business. Your key responsibilities will include:
- Accurate execution of day-to-day processes, contributing to the re-engineering or building of controls.
- Liaising closely with Trading, Sales, and Structuring to ensure accurate and timely bookings of trades.
- Acting as a key liaison between trading, other support functions, and counterparties.
- Managing the trade lifecycle, including T0 validation, fixings, coupon calculations, trigger monitoring, break clause, and expiry monitoring.
- Ensuring accuracy of all components of new and existing trade bookings across multiple systems.
- Fully understanding the controls required to support the business through inter-system reconciliations.
- Strict adherence to internal control and escalation protocols.
- Maintaining a consistent and robust control environment.
- Contributing to continuous process improvements.
- Developing and testing in-house systems.
- Participating in strategic projects across multiple infrastructures.
- Composing and maintaining process manuals to ensure accurate and efficient trade support.
What you'll need to succeed
Essential Work Experience:
- Middle Office, Trading Assistant, or Product Control experience in flow or derivatives.
Skills and Experience:Functional / Technical Competencies:
- Strong understanding of different asset classes, particularly rates, credit, and FX derivatives.
- Good understanding of various lifecycle events and associated risks on these products.
- Knowledge of electronic trading platforms e.g.: MarkitWire, TradeWeb, Bloomberg TOMS, ICE Link, etc.
- Experience in clearing mechanics and compression optimisation.
- Understanding of the front-to-back process flow, including Market Risk, Credit Risk, Finance, Product Control, Legal, Compliance, etc.
- Knowledge of ISDA documentation.
- Familiarity with reconciliations and operational controls.
- Understanding of lifecycle event management on both vanilla and structured products.
- Knowledge of cash flows and dynamics of a banking business, including funding requirements.
- Knowledge of collateral processes, Initial Margin, Variation Margin, and general CSA familiarity.
What you'll get in return
A competitive salary, hybrid working and benefits package, along with the opportunity to work in a dynamic and challenging environment within a leading global bank.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
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