Description
Key responsibilities will include:
- Provide end to end support for the Flow/Structured Credit trading and structuring desks
- Liaise with Front Office, Finance, Cash management, Legal, Market Risk and Settlements to facilitate each new trade process
- Act as the point person for the desk ensuring queries are resolved accurately and in a timely manner
- Work collaboratively with the key credit stakeholders
- Troubleshoot problems arising on an ad-hoc basis and react to market driven demands eg credit events
- Work with the desk to understand how we can better support them
- Assist in the development of the control environment within the Flow/Structured Credit Trading Support team
- Minimise operational risk through strong control framework and seek continuous process improvement
- Implement new controls; liaise with project managers/technology to automate reconciliations
- Maintain the integrity of all underlying assets, trade bookings, structure maintenance and appropriate reconciliations
- Assist with the interpretation and application of complex transaction documentation
- Cash management for transaction SPVs including trade capture
- Calculation of funds to be paid and received on SPV Interest Payment Dates and other relevant dates and issuance of payment instructions (Structured)
- Work with our SPV trustees and auditors, produce any accounts needed
- Work closely with the Principal/Issuing Agent to ensure new notes issue smoothly
- Understand the cash flows of the business and ensure accurate funding on a daily basis
- Produce a daily end of day P&L and compare to desk estimates through detailed analysis
- Understand the front to back Operations process including the key elements of settlements, finance and risk
- Daily tasks will include: Trade Capture, Trade Affirmation and Allocation, Confirmations, Trade P&L production and sign-off, Reconciliations, Resolution of breaks on FOBO recs, New Product Approval process, Life Cycle Trade Event Management - Resets, Expiries, Structured Trade Review, Production of Flash P&L on Trade Date, Provide intra-day support to Sales Support Team
- Ensure all reconciliations and reports are complete and signed off on a timely basis eg internal deals, exercise reports, and corporate actions
- Preparing presentations/MIS and analysing stats
- Interact with market participants and industry wide bodies eg Markit/ISDA to ensure that the bank are keeping up to date with the latest developments in the Credit market
- Work on strategic projects relating to Structured Transactions
Skills and experience required:
Essential:
- Strong academic background
- Strong interpersonal skills
- Technical competence
- Control focused and Risk aware
- Tactical and strategic thinking
- Process improvement mindset
- Finance/Banking experience
Desirable:
- Experience of producing and analysing an end of day P&L for structured products
- Familiarity in dealing with trustees/custodians.
- Knowledge of calculation agent responsibilities
- Trade support experience
- Knowledge of structured credit products (CDO, CDO^2, FTD, CPPI, CLN), new issuance and multi issuer programmes
- DTCC/Clearing/Portfolio Compression process
- Regulatory environment
- Structured Credit Derivatives experience
- Strong VBA skills
- P&L Flash experience