Rates Middle Office, Compressions / Rates Midle Office Rates Middle Office, Compressions / Rates Midle  …

Charles Levick
in London, England, United Kingdom
Permanent, Full time
Last application, 23 Aug 19
Negotiable
Charles Levick
in London, England, United Kingdom
Permanent, Full time
Last application, 23 Aug 19
Negotiable
Charles Levick
My client is a global investment bank looking to recruit an experienced Interest Rates Derivatives / Portfolio Optimisation candidate within Global Operations Middle Office, at an Analyst level. The successful candidate will work within a dynamic, fast paced team working with multiple senior Front Office stakeholders globally on a daily basis in order to meet the Business' demanding objectives.

My client is a global investment bank looking to recruit an experienced Interest Rates Derivatives / Portfolio Optimisation candidate within Global Operations Middle Office. The successful candidate will work within a dynamic, fast paced team working with multiple senior Front Office stakeholders globally on a daily basis in order to meet the Business' demanding objectives.

The team that you will be a part of works closely alongside the Business Resource Management trading desk in reducing the company's various balance sheet resources, risk exposures & capital requirements. The team provides the desk with an operational processing and control service, performing numerous risk reducing exercises such as CCP backloading, novations and compression. This is predominantly for Rates and Credit.

The role would suit a rates derivatives middle office candidate ideally with some knowledge of compressions / coupon blending / novations - but they would consider someone with a theoretical knowledge of their purpose.

Key Responsibilities:

  • Work closely with the Business Resource Management (CVA & FVA) to process Portfolio Optimisation exercises across Credit and Rates on an ad-hoc basis including:
    • CCP Coupon Blending.
    • CCP Portfolio Transfers.
    • CCP backloading.
    • TriOptima / Quantile / CapitaLab vendor led compressions.
    • Bilateral/Internal compressions.
    • ICE Clear Europe compression cycle.
    • Internal novations.
    • Book Optimisation.
  • Manage multiple deadlines on a daily basis and be able to react to the BRM desk's changing strategy and priorities intra-week in a controlled manner.
  • Lead across teams with Internal stakeholders to implement new types of Portfolio Optimisation, and continuously build out additional controls and efficiency changes.
  • Co-ordinate Portfolio Optimisation processes across multiple trading desks across the globe.
  • Ensure the company are globally compliant with EMIR, Dodd-Frank & JSCC regulation for trades impacted by Portfolio Optimisation processes.
  • Self-identify Operational Risk and ensure these are escalated and documented internally, tracking any mitigating actions through the internal frameworks to closure.
  • Provide daily support for the desk consisting of 14 traders, including trade verification, daily PnL, adhoc query resolution.

Required Skills & Experience:

  • Strong interpersonal skills, the role will require daily interaction with senior Front Office stakeholders globally.
  • Must be a team player.
  • Organised, with a strong ability to prioritise multiple deadlines.
  • Aware of core control concepts and how they apply to Operations on a daily basis.
  • Attention to detail and a proven high level of accuracy.
  • Experience in working with Rates derivatives, Credit preferable.
  • Proven experience in pro-actively using initiative to improve processes and systems.
  • Informal leadership skills including delegation.

Desirable Skills & Experience:

Advanced Microsoft Excel skills.

  • Experience in performing Portfolio Optimisation processes.
  • Experience in performing compression cycles.
  • Experience in Risk & control management/oversight.
  • Understanding of Basel III leverage ratio and Balance sheet risk measures.
Company Overview

Charles Levick Limited are a leading global financial recruiter providing innovative solutions across Capital Markets, Financial and Professional Services organisations. Founded in 2008, Charles Levick is privately owned and operates from offices based within the City of London and New York.

A truly independent company with a global reach, we pride ourselves on delivering honest and intelligent guidance developing long term sustainable relationships. Our breadth of expertise and services allow us to deliver solutions across our sectors ranging from junior analyst through to C-Suite requisitions, all delivered with exceptional levels of attention to detail and service that have helped us to grow into the organisation we are today.

We have managed to build an enviable reputation partnering a diverse range of large and small organisations initially within London, but now globally, actively supporting clients across Europe, Asia and the US. With decades of experience, we have been able to develop a substantial knowledge of our markets as well as building loyal relationships with our clients and candidates.

Our business is devised of 5 core areas of specialisation:

  • Operations/Infrastructure
  • Compliance
  • Risk & Actuarial
  • Change, Transformation & Technology
  • Fintech
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