Equities and Derivatives Trade Support

LMA Recruitment Ltd
£40k - £45k pa
14 Apr 2017
14 May 2017
Contract Type
Full Time
A new opportunity has become available at an International Bank for a Equities and Derivatives Trade Support. Duties to include: * Checking front office booking of Government securities purchases * Processing of corporate actions and trade substitution * Confirming transactions with counterparts and chasing outstanding confirmations as necessary * Inputting instructions to EUCLID * Sending instruction to custodians, MT299, MT599 * Monitoring matching status and following up non matching items to resolution * Monitoring cash positions at custodians and ensuring funding in place as required * Close liaison with Front Office Treasury and marketing areas to ensure trades are captured in timely manner and processed accordingly * Review of Bong prospectus documentation prior to trade execution identifying operational components affecting day to day processing * Regular review of procedures to ensure reflecting existing process * Ongoing review of process to streamline where possible * Work with front office and other areas of the Bank to set up operating procedures * Checking interest rate swaps input to system versus execution sheets * Checking of currency swaps input to system versus execution sheets * Checking generation of ISDA confirmations * Generation of rate reset notices * Checking Vanilla and exotic FX options versus Bloomberg trade tickets * Matching vanilla MT305 confirmations in trade matching system * Checking and processing of transactions * Checking transactions input versus trade execution sheets * Creation of manual confirmation and managing return * Generation of daily outstanding discrepancy reports to management * Manage daily cleared margining under EMIR regulation The candidate will have: * Good understanding of EUCLID * Good understanding of FED/CREST settlement process * Good understanding of MT5 series messages * Good understanding of payment formatting in SWIFT * Solid experience of end to end securities and repo processing and associated domestic market nuances * Understanding of FX options * Previous experience in derivatives and securities operations area