Credit Trade Support Analyst

Recruiter
Sparks Careers Morgan McKinley
Location
United Kingdom
Salary
£200 - £250 p/day
Posted
03 Oct 2017
Closes
05 Nov 2017
Contract Type
Contract
Hours
Full Time
The role falls within the GMO Credit / Compressions & Clearing Trade Support Credit Flow products The trade support ensures that Credit Flow transactions registered in the books under our mandate match the commitment taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or the contractual agreements. The main covered processes for these transactions include booking, validation, transaction event related follow-up validation through a secure framework. The trade support is accountable for: * Transaction events follow-up and validation during the whole lifecycle of the deal; * Applying and respect the banks Policy; * Implementing the relevant controls ensuring the accuracy of the transactions on the official books & records systems; Credit Structured products Product Control ensures the Trade support functions in terms of trade capture (or amend/cancel) and trade validation where the process cannot be considered as flow and product oriented for Exotic products. * Coordinates operations and other functions in the set-up of new complex montage and during their lifecycle in order to ensure * Proper settlement of the operations vis a vis the client * Proper calculation of the economic P&L * Compliance with accounting rules * Proper production of the accounting in relation with Finance * Ensures the booking validation of exotic products vs Term sheet, legal or similar documentation at inception and during their lifecycle. * Accountable for the independent validation of the booking at deal inception, or during the lifecycle. (Except in some cases where no template or pre-defined guidelines exist, GRM is responsible for this validation) * Responsible for amendments (where the application of the amend/cancel policy defines that operations are in charge of it) and for getting FO validation. Amendments can be due to trade life cycle or to error corrections. * In particular accountable for the control of the valuation models used for exotic products, per guidelines validated with the business and GRM. CREDIT TRADE SUPPORT RESPONSIBILITIES * Management of flow of new trades and amendments from Front Office system to Back Office system, manually booking and amending where necessary. * Reconciliation between Front Office systems and Back Office system, checking Present Value are in line. * Working with Middle Office P&L and confirmations teams to reduce operational risk and maintain highest levels of support for each portfolio. * Build and maintain good working relationships with other internal clients such as legal, marketers, trading & back office. * Ensure accurate and timely processing of rebooking initiatives, migrations * Oversee all reconciliations and reports in the area and investigations are completed on a timely basis. * Dealing with queries from back-office, marketers and clients, relating to booking discrepancies. * Provide cover for other members of the Trade Support team when necessary, ability to flex between teams depending on daily volume and demand. * Management of Options * Contribute to the implementation of new system functionalities and raise IT requirements for bug fixing or system enhancements when possible. * Participate in Transversal projects. Morgan McKinley is acting as an Employment Business in relation to this vacancy. Please note that any references to salary or pay rates in this advertisement and in the salary refinement section are indicative only and should only be used as a guide.
This job was originally posted as www.jobsite.co.uk/job/959240597