Credit Middle Office Associate

Crédit Agricole CIB; London; On-site; GBP 40,000 - 55,000; Full time

Job summary

Join Crédit Agricole CIB as a Credit Middle Office Associate in London, where you will enhance trade processing and ensure timely transaction bookings. This role supports the Global Markets Division and involves responsibilities such as risk control and working on business projects, all within a dynamic team environment.

Qualifications

• Good knowledge of credit products: bonds and CDS.
• Middle Office / Back Office / Trade Support experience essential.

Responsibilities

• Trade validation in FO systems (1st level of control).
• Bond life cycle management and STP failure monitoring.
• Work with trading and back office to resolve settlement issues.

Skills

Fluent English

Rigorous and organised

Autonomy

Good communication

Proactive

Reliable

High technical and analytical ability

Sensitivity to operational risk

Ability to work under pressure

Integrity

French

Education

Bachelor Degree / BSc Degree or equivalent

Degree in finance or previous experience in Middle Office functions

Tools

Excel

Excel VBA

Python

Job description

Social network you want to login/join with:

Types of Jobs - Corporate & Investment Banking

Job title

Credit Middle Office Associate

Contract type

Permanent Contract

No

Job summary

The London Credit Middle Office analyst will assists the team in the execution of control and support functions for our Global Markets Division trading desks. The team’s main responsibility is to ensure the timeliness of trade capture, amendment, cancellation, validation, deal flow and life cycle events in Front Office systems.

In a dynamic and International environment, you will take in charge the control and support functions of the operations initiated by the London Credit Trading, from the negotiation and recording of the transactions. Your role will be to facilitate and to smooth the processing of the operations in the processing chains by ensuring an effective and relevant support to Front Office based in London.

The Credit Middle Office acts as a support and control function for the activities managed in London by the Credit Market Business Line who works with financial products such as Bonds, CDS, CDS Indices; Synthetic and Cash CDOs, Swaps, FRAs and Strips.

Your main responsibilities will be to ensure the proper booking of the transactions. You will contribute to the development of a reliable and effective first level of control function of the perimeter you will take in charge. You will also have the opportunity to participate in various projects related to client business development, to optimize secure transactions and provide control of risks.

You will also participate to business projects such as new markets development or new products, new regulations and market rules.

Internally Middle Office Support Credit assist the various trading desks in booking issues providing front line support.

Key Responsibilities (in order of priority)
Define duties / activities in detail under each point (e.g. Volumes, frequency etc.)
As a member of the Middle Office Credit Trade Support team you will be responsible for:

Control:
· Trade validation in FO systems (1st level of control)
· Bond life cycle management. STP failure, corporate action monitoring, bookings and book transfers
· Work with trading and back office to resolve settlement issues in a timely manner
· CDS & Indices: Control of New Trades and Unwinds booking plus follow up. CDS booking with failure
· Swaps: Control of New Trades and Unwinds booking plus follow up. Swap booking with failure
· Novation and compression control for CDS and Swaps
· Ownership of CDS compressions in booking systems
· Funding/re-financing: calculation and booking in FO systems
· Monitoring of STP flows, failure investigation and follow-up. Resolution with IT and FO business lines

Supplementary Information

Our commitment to you

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). We offer more than just a job.

You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.

Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Ourcommitment tosustainability and corporate responsibilitymeans that your work will have a positive impact on our communities and the environment.

With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.

Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know

Geographical area

Europe, United Kingdom

City

London

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

Credit Middle Office Associate

Contract type

Permanent Contract

Management position

No

Job summary

The London Credit Middle Office analyst will assists the team in the execution of control and support functions for our Global Markets Division trading desks. The team’s main responsibility is to ensure the timeliness of trade capture, amendment, cancellation, validation, deal flow and life cycle events in Front Office systems.

In a dynamic and International environment, you will take in charge the control and support functions of the operations initiated by the London Credit Trading, from the negotiation and recording of the transactions. Your role will be to facilitate and to smooth the processing of the operations in the processing chains by ensuring an effective and relevant support to Front Office based in London.

The Credit Middle Office acts as a support and control function for the activities managed in London by the Credit Market Business Line who works with financial products such as Bonds, CDS, CDS Indices; Synthetic and Cash CDOs, Swaps, FRAs and Strips.

Your main responsibilities will be to ensure the proper booking of the transactions. You will contribute to the development of a reliable and effective first level of control function of the perimeter you will take in charge. You will also have the opportunity to participate in various projects related to client business development, to optimize secure transactions and provide control of risks.

You will also participate to business projects such as new markets development or new products, new regulations and market rules.

Internally Middle Office Support Credit assist the various trading desks in booking issues providing front line support.

Key Responsibilities (in order of priority)
Define duties / activities in detail under each point (e.g. Volumes, frequency etc.)
As a member of the Middle Office Credit Trade Support team you will be responsible for:

Control:
· Trade validation in FO systems (1st level of control)
· Bond life cycle management. STP failure, corporate action monitoring, bookings and book transfers
· Work with trading and back office to resolve settlement issues in a timely manner
· CDS & Indices: Control of New Trades and Unwinds booking plus follow up. CDS booking with failure
· Swaps: Control of New Trades and Unwinds booking plus follow up. Swap booking with failure
· Novation and compression control for CDS and Swaps
· Ownership of CDS compressions in booking systems
· Funding/re-financing: calculation and booking in FO systems
· Monitoring of STP flows, failure investigation and follow-up. Resolution with IT and FO business lines

Supplementary Information

Our commitment to you

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). We offer more than just a job.

You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.

Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Ourcommitment tosustainability and corporate responsibilitymeans that your work will have a positive impact on our communities and the environment.

With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.

Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

• Degree in finance or previous experience in Middle Office functions.

Experience

Essential

· Middle Office / Back Office / Trade Support experience.

· Good knowledge of credit products: bonds and CDS

Operational risk awareness

Desirable

· Previous Middle Office experience

· Use of complex position management systems

Required skills

· Fluent English.

· Rigorous and organised

· Autonomy

· ability to work across disciplines

· good communication both verbally and written

· proactive

· reliable

· high technical and analytical ability

· sensitivity to operational risk

· ability to work under pressure

· Integrity

· French desirable

Technical skills required

Essential

· Proficient in Excel

· Good knowledge of capital markets processes.

Desirable

· End user computing development:

o Excel VBA

o Python

Languages

English