IRD Trade Support Middle Office

Crédit Agricole CIB; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

Crédit Agricole CIB in New York is seeking a Trade Support Middle Office professional for the Interest Rate Derivatives group. You will support and control trades initiated by the NY Front Office, ensuring accurate capture and processing across systems and maintaining robust controls to mitigate risk.

You will interact with internal and external stakeholders, develop system knowledge and market practices, and report to the NY Head of IRD Middle Office. This role is based in New York.

Qualifications

• Role requires excellent client service and strong communication with internal and external stakeholders.

Responsibilities

• Ensure transactional integrity and accuracy of positions across IRD systems.
• Investigate trade discrepancies for prompt, accurate resolution to stakeholders.
• Facilitate trade modifications in FO systems as requested.
• Manage and control trades’ life cycle events.
• Verify modifications of discrepant trades’ impact on Risk and PnL for transparency to FO.
• Transmit FO trade documents to Paris BO/MO groups for final verification and documentation.
• Maintain referential data in FO systems.
• Assist in identification, specification, and testing of system enhancements.
• Propose updates to controls and procedures to reduce operational risk.
• Document functions into procedures and keep information updated.
• Escalate issues and anomalies detected.
• Develop strong relationships with local and global teams.
• Participate in business projects.
• Service Quality and Processes improvement: Propose and formalize improvements on controls and procedures; develop efficiency initiatives.

Job description

Summary: As a member of the Interest Rate Derivatives Trade Support Middle Office, you will be responsible to support and control the business initiated by the New York IRD Front Office. The team ensures accurate trade capture of Vanilla and Exotic derivatives in the FO systems, facilitates front to back trade processing, assist and control Trading in the management of their position and exposure, and safeguard systems by monitoring daily activity. You will have continual interaction with internal and external stakeholders that requires excellent client service skills. You will develop various skills that includes system knowledge, financial products, and market practices.

This position is based in New York and will reports to the New York Head of Interest Rate Derivatives Middle Office.

Key Responsibilities: The IRD Trade Support MO team mitigates operational risk through its functions. In practice this means ensuring trades are captured accurately, reconciliation of trading positions, monitoring of straight through processing trades, management of life cycle events, verify accurate referential data in systems, following regulatory rules, and escalation as necessary.

Specific Responsibilities:

• Ensure the transactional integrity and accuracy of positions across systems used by the IRD business line
• Investigate trade discrepancies for prompt and accurate resolution to stakeholders
• Facilitate trade modifications in FO systems as requested and relevant
• Manage and control trades’ life cycle events
• Verify modifications of discrepant trades’ impact on Risk and PnL, impacts are immediately made transparent to FO
• Transmit FO trade documents to Paris BO/MO organizational groups for final trade verification and documentation
• Maintain referential data in FO systems
• Assist in the identification, specification, and testing of system enhancements
• Provide innovative ideas to systematically update controls and procedures to reduce operational risk
• Document functions into procedures and ensure information is updated
• Escalate issues and anomalies detected
• Develop strong relationships with local and global teams
• Participate in business projects

Others:

• Service Quality and Processes improvement:
• Propose and formalize any improvements on controls and procedures
• Develop efficiency initiatives