AVP - Derivative Foreign Exchange - Conformance - Infrastructure Middle Office - Investment Banking

Role : AVP - Derivative Foreign Exchange - Conformance - Investment Banking

About [IBMO] :

- The Infrastructure Middle Office (IMO) Team supports the Structured Rates Trading and FX businesses globally.

The team is primarily responsible for :

- Ensuring all new trades, amendments and resets are booked correctly in the settlement system

- Intra-day controls covering Structured Rates and FX activity

- Owning ad-hoc tactical projects

- Substantial contact with Front Office, Product Control and other parts of Operations

Overall purpose of role :

- Trade booking and maintenance for the Structured Rates and FX trading desks

- Completing cash reconciliations and following up on breaks with the relevant team

- Calculating rates for Structured Trades and providing calculations where IB is the Calculation Agent

- Monitoring and updating option expiries

- Responding to queries from all stakeholder groups

- Working with the Business Development, Technology and other Middle Office teams to implement new systems, processes and controls

Key Accountabilities :

- Relevant banking experience in a Middle Office environment

- Understanding of Structured products

- Experience of implementing process improvements with tangible business benefits

- Preferred degree or equivalent

- Strong analytical skills

- Excellent focus on risk and control

- Excellent knowledge and understanding of IR Exotics product types, IR Derivatives and the Trade Control environment and the front-to-back processes to perform the BAU daily tasks, such as FOBO's.

- Advanced understanding of trade payoffs and risk profiles for IR Exotic Products.

- Comprehensive understanding of trade payoffs and risk profiles for vanilla IR derivatives

- Full understanding of the business from a non-accountancy point of view.

- Good knowledge and understanding of financial markets

- Experience of working against tight short-term deadlines in a dynamic, pressurised environment

- Foster strong working relationship with internal counterparts (i.e. Desk, Sales team, Trade Support, Confirmations, Legal, Finance) by networking and work shadowing sessions. As well as interaction with the IMO and PTS teams.

- Strong/Excellent verbal and written communication skills, able to clearly articulate complicated issues to management and other impacted areas and ensure timely resolution of breaks and issues.

- Stakeholder Management and Leadership

- Substantial experience working directly with Traders / Front Office.

- Interaction & ability to explain issues/enhancements to IT teams

- Self driven & Motivated

- Strong analytical skills

- Excellent focus on risk and control

- Decision-making and Problem Solving

- Ability to conduct Root cause analysis

- Drive to take initiatives

- Ability to grasp and learn and think out of the box to solve issues

- Establish and maintain a strong Control Environment around the various booking systems

- Review and perform a full review of trades to Confirmation, ensuring all market observations, barrier events, option decisions are correctly represented on the trade bookings.

- Define, monitor and escalate on key risk metrics based on team performance against Service Level Agreements, conformance against controls and checks, compliance training and business continuity preparation and testing.

Risk and Control Objective :

- Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Policies and Policy Standards

Person Specification :

- Personal attributes essential to performing role: e.g. essential/desirable skills, competencies, expertise, knowledge, and experience. Note: experience requirements must not be in the form of years (minimum or otherwise).

- Educated to a minimum of degree level or equivalent supplemented by relevant professional experience within the financial services industry

- Experience within the investment banking, hedge fund or asset management environment

- IR Derivatives Experience

- Excellent numerical and analytical skills and a positive can do attitude combined with strong attention to detail and an awareness of current market issues

- Passionate about continuous improvements, leading by example and using their network of contacts to both improve their personal and team performance, identify areas for process improvement and ensure successful delivery of projects

- Ability to network and build rapport and credibility quickly with a variety of key stakeholders (FO, Ops Senior Management, IT)

- Strong Excel (VBA preferred) and MS Office skills with an advanced understanding of databases and data analysis tools.

- Ability to work accurately to tight deadlines and be committed to proactively seeking new and innovative stakeholder focused solutions.

- Self motivated with the ability to work independently in a fast paced environment and take responsiblitiy to lead a team to deliver throughput and quality in equal measure.

- Flexible and professional under pressure, the role holder will have strong interpersonal skills, commitment and focus on succeeding in a challenging environment.

- The ability to contribute and challenge within a team to improve performance will be essential, along with the ability to communicate effectively with peers and senior members of the team.

- Excellent verbal and written communication skills, able to clearly articulate complicated issues to management and other impacted areas and ensure timely resolution of breaks and issues.

- Robust, and able to deal with demanding clients.

- Diligent and enthusiastic

- Strong team player