Trade Support Analyst - Derivatives

  • Sector: LMA UK Operations
  • Contact: Kim Carmona
  • Contact Email: kim.carmona@lmarecruitment.com
  • Start Date: ASAP
  • Client: LMA
  • Location: London
  • Salary: Up to £250 per day
  • Expiry Date: 27 October 2021
  • Job Ref: KMC169549_1632736507

Purpose of the role:

The holder will be accountable for the timely and accurate input of derivative products, bonds and related money products for various entities and branches and the general processing required for trade input and trade support.

Responsibilities include but not limited to:

  • Administer rate fixings of all floating rate deals, average strike options and non-deliverable forwards

  • Input EMIR Initial Margin deals
  • Affirm Swap confirmations via Markitwire
  • Report derivative activity to the Trade and Transaction reporting team
  • Manage relationships with internal stakeholders to promote quality of service, ensuring the timely escalation and resolution of issues and queries
  • Provide regular management reporting to gauge level of errors and highlight areas that can be proactively improved upon
  • Manage the maintenance and review of desktop procedures relating to day to day processes and administer updates via the policy and procedures database on a periodic basis in order to comply with bank policy
  • Ensure bank policy and best practices are rigorously followed and adopted as part of the overall framework
  • Assist and support project work relating to IBOR discontinuation

Experience & Skills

  • Previous experience of trade input and trade support in a buy or sell side firm
  • Knowledge of derivative products and financial markets
  • Knowledge of EMIR, IBOR discontinuation and pertinent regulations applicable to derivatives markets
  • Strong knowledge of industry best practices
  • Ability to identify issues and implement change to existing processes
  • Demonstrates good influencing and negotiation skills
  • Strong communication skills, with ability to deal effectively with stakeholders at all levels
  • Strong working knowledge of Excel, capable of manipulating financial data
  • Self motivated, energetic, flexible and collaborative