Compression and Clearing Trade Support Analyst

Advantage Resourcing Company
London (Greater)
29 Mar 2018
13 May 2018
Contract Type
Full Time

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.

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