This Investment Bank is looking for a Compression and Clearing Trade Support Analyst to join their team. This individual will cover a variety of functions ranging from engaging with CDS and IRD clearing and compression controls to being responsible for a range of IRD related controls which directly result in the daily mitigation of risk through various checks and reconciliation reporting.
Responsibilities include but are not limited to: Reducing the Banks' balance sheet and Counterparty Risk profile, and to ensure that the bank is operating within the new MiFiD and market regulatory requirements Mandatory clearing deals due to EMIR, CFTC etc are cleared and escalated when necessary. Running CDS, FX & Rates cycles. Responsible for managing the process from signup to execution, working with Front and Back offices to establish correct stock of trades for tear-up, and PV calculation to ensure the final result is risk neutral. Central Counterparty Processing - Handling of SOD and intraday margin calls and ensuring all processes, reports and reconciliations are carried out in a timely manner CCP Compression - Credit & Rates. Managing the whole process, liaising with Rates Front Office where required. Credit is handled solely within the team as part of the back loading cycle. CDS Clearing - Back-loading trades into the CCP on a weekly basis for clearing to ICE / LCH and intraday clearing CCP Margin Payments - Responsible for SOD and intraday margin calls, and ensuring all processes, reports and reconciliations are carried out in a timely manner On-boarding of new CCPs accounts, for example new CCPs or established CCPs going live with client clearing or new products IRD Portfolio Reassignments - Large scale Migration of traders stock from old to new portfolio, this task has been essential to the centralization of trades into HUB portfolio's for increased efficiency during compression workflows
The successful candidate is likely to have: Expert in systems and business domain Experience of working within an Investment Bank within a similar role Strong understanding/knowledge of Compressions and Clearing The candidate must display a very professional attitude and be willing to work long hours if the workload is high Expert on the process and best practices for conducting requirements practices in the organisation
If you are interested in the role and feel you are suitable please submit your CV.
Advantage Resourcing is a service driven recruitment consultancy.
This job was originally posted as www.totaljobs.com/job/80693298