Trade Support Analyst - Derivatives | London, UK | Hybrid

Hays; London; Hybrid; GBP 45,000 - 55,000; Full time

Job description

Trade Support Analyst - Derivatives

Hays London, United Kingdom Apply now Posted 1 day ago Hybrid Job Permanent GBP45000.0 - GBP55000.0 per annum + Up to £60,000

Your new company
Join a prestigious global bank located in London as a Trade Support Analyst. This role offers an exciting opportunity to work within both the banking arm and the securities business under a dual-hat arrangement, making decisions on behalf of both entities.
Your new role
As a Trade Support Analyst, you will be responsible for Derivatives Trade Support across the bank's banking and other business. Your key responsibilities will include:

• Accurate execution of day-to-day processes, contributing to the re-engineering or building of controls.
• Liaising closely with Trading, Sales, and Structuring to ensure accurate and timely bookings of trades.
• Acting as a key liaison between trading, other support functions, and counterparties.
• Managing the trade lifecycle, including T0 validation, fixings, coupon calculations, trigger monitoring, break clause, and expiry monitoring.
• Ensuring accuracy of all components of new and existing trade bookings across multiple systems.
• Fully understanding the controls required to support the business through inter-system reconciliations.
• Strict adherence to internal control and escalation protocols.
• Maintaining a consistent and robust control environment.
• Contributing to continuous process improvements.
• Developing and testing in-house systems.
• Participating in strategic projects across multiple infrastructures.
• Composing and maintaining process manuals to ensure accurate and efficient trade support.

What you'll need to succeed
Essential Work Experience:

• Middle Office, Trading Assistant, or Product Control experience in flow or derivatives.

Skills and Experience: Functional / Technical Competencies:

• Strong understanding of different asset classes, particularly rates, credit, and FX derivatives.
• Good understanding of various lifecycle events and associated risks on these products.
• Knowledge of electronic trading platforms e.g.: MarkitWire, TradeWeb, Bloomberg TOMS, ICE Link, etc.
• Experience in clearing mechanics and compression optimisation.
• Understanding of the front-to-back process flow, including Market Risk, Credit Risk, Finance, Product Control, Legal, Compliance, etc.
• Knowledge of ISDA documentation.
• Familiarity with reconciliations and operational controls.
• Understanding of lifecycle event management on both vanilla and structured products.
• Knowledge of cash flows and dynamics of a banking business, including funding requirements.
• Knowledge of collateral processes, Initial Margin, Variation Margin, and general CSA familiarity.

What you'll get in return
A competitive salary, hybrid working and benefits package, along with the opportunity to work in a dynamic and challenging environment within a leading global bank.

What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.

If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.

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