As a Middle Office Transaction Processing Analyst in Market Operations team, you will be providing direct support to senior Operational Management with respect to the Rates Risk Middle Office, acting as a key point of contact for downstream groups, whilst leading process improvements.
Our Middle Office currently supports approx. 80 traders with a trade volume of 105,000 per day, due to this high demanding volume we have to ensure our controls monitoring this population are accurately and efficiently completed.
Job responsibilities
- Performs deal reviews within the Service Level Agreement which involves reviewing term sheet versus risk management systems and legal confirmation versus risk management systems
- Monitors Middle Office trade lifecycle event processing to understand the key manual touch-points themes and display the impact of this via suitable MIS
- Identified problems area and builds relationships across the business to create working groups and initiate change discussions
- Liaises with Marketing support, Trade Support and other Back Office control groups
- Ensures accurate reviews and timely escalation of unissued/unexecuted documents
- Drives efficiency in the current process and identify incorrect booking practices and educate Middle Office on the impact
- Builds and sustains strong working relationships with internal Lines of Business including Middle Office, Front Office, and internal Counterparts
- Ensures all issues are investigated and resolved in a timely manner as per Business Standards
- Prepares weekly MIS and monthly control packs for Senior Management, analyses MIS and report trends and spikes
- Participates in various testing related to system enhancement, project implementation, and new business initiatives
- Identifies control gaps and suggest improvement ideas for better efficiency and effectiveness
Required qualifications, capabilities, and skills
- Must exhibit strong partnership abilities
- Must be able to handle a high level of complexity in product coverage, shift gears with relative ease, be flexible enough in shifting workload in accordance with changing priorities, and be comfortable dealing with a stressful and fast-paced Trading environment
- Strong communication skills
- Problem solving – Developing and implementing solutions to often complex issues
- Control – Understanding and implementing the control framework to mitigate risk through the transaction lifecycle
- Projects - Assisting in the delivery of tactical and strategic solutions
- Needs to be highly numerate with excellent keyboard skills and a high-level of computer literacy
- Needs to be aware and have an understanding of the large financial risks that can be incurred through operational errors and control risks
Preferred qualifications, capabilities, and skills
- Derivatives product knowledge and Derivatives experience