Trade Support Rates Derivatives and Credit
- London
- Permanent
- Full-time
Scope includes: IRS, Inflation Swaps, Exotic Swaps, Caps Floors, Money Market, FX and Futures, bonds (Gilts), Corporate bonds, Government bonds and bond futures.Be the back-up cover in relation to supporting other range of underlying/business lines within the Trade Support group. (FX / Commodities)The scope can be extended to specific situations where applicable, including other business lines or geographical locations.Main responsibilities:
- Develop hands-on leadership in the day to day running flow of production; strive for excellence in the operational processes
- Promote a strong and reactive performance culture within the Trade Support production chain
- Develop strong relationships with the Front Office desks
- Ensure the best quality of service is delivered to the Trade Support clients, i.e. Front Office Traders, Sales whilst ensuring Natixis internal frameworks and policies are adhered to.
- Communicate efficiently and adequately to transversal departments and downstream chain
- Support new business line requirements and business initiatives; apply problem solving skills and agile contribution to the development of new solutions for daily production
- Participate and propose reinforcement of ad hoc controls and reconciliations that should be in place across products, with a strong focus in mitigating the operational risk factor. Ensure a good level of knowledge of the complete lifecycle of trades.
- Communicate as well as coordinate with appropriate teams across the lifecycle stakeholders from FO to Product Control to BO
- Analyse, challenge, report and escalate appropriately potential issues. Mitigate operational risks.
- Understanding and capacity to analyse transactions with associated hedging and risk representations
- Liaise with Head Office based Trade Support to gain knowledge and setup London desk processes
- Ensures all trades within scope are in the system for correct p&I and risks on trade date
- First level of control of manually booked trades at inception (economic details, booking specificities, technicalities of system requirements)
- Whilst Traders remain accountable for proper representation in the systems, assist FO in booking of trades when required following the roles & responsibilities matrix and embedded 4 eye checks through dedicated queues
- First point of entry and ownership of the analysis securing legitimacy for amendments/cancellations requests in relation to the Primary Economical Terms of the transactions. Challenge, measure the impacts, report, and action the amendments under Trader's approvals
- Initiate workflow of approvals with other departments (e.g. Market risk & Quants) in relation to amendments not pertaining to primary economical terms (e.g. in relation to models & risks). On approval proceed to action amendments, measure impacts and report to traders.
- Monitoring of product lifecycle events impacting the positions internally & externally when facing the Market & OTC clients (e.g. Future expiries, conditional payoffs, EOM deliverables).
- Post trade life cycle generations of events within scope (Option expiries monitoring, manual payoffs calculation & bookings)
- Ad-hoc reporting e.g. Hit/Miss / CC reports
- Answer and liaise to punctual requests from transversal departments (e.g. Internal Audit, Compliance Control, Anti-Fraud, other GMO departments)