Cross Product Middle Office Analyst

• Monitoring & resolving exceptions generated in Murex (OSP) & Optic intra-day reconciliation ensuring trade flow completeness / accuracy.
• Timely management of these exceptions in trade flow, with appropriate escalation for aged items.
• Responsible for completion of system reconciliations, break resolution and escalation of any unresolved items.
• Monitoring both the TradeServ and Markitwire affirmation platforms to ensure data is captured and confirmed accurately.
• Timely response to Front Office enquires and clearing issues.
• Responsible for cleared trade flow managing clearing status through direct / in-direct CCP relationships ensuring trade / positions are aligned to internal systems.
• Support the business with Compressions, reducing portfolios managing processing through tri-optima or via clearing broker relationships.
• Allocation of ASCOT trades in Front Arena and associated tasks. Ensuring trades are accurately represented in Murex.
• Execution of OTC ISDA Confirmation both incoming and drafting process adhering to internal and external driven targets.
• KRI and Risk Reporting, ensuring our metrics capture Key Risk Indicators and escalate emerging risks appropriately.
• Assist with the evolution of the Derivatives Support function, evaluate the go-forward operating model and enable new business initiatives.
• Work closely with technology, establish required system enhancements, drive prioritisation and plan/manage change for the function, raising required JIRAs and following changes through to delivery.
• Contribute towards simplifying any complex, inefficient processes and show demonstrable improvement.
• Ensure the regulatory responsibilities are understood with processes and controls established to ensure compliance.

• The role requires SME knowledge of Derivative products, including cleared & bilateral swaps, Swaptions, CDS, CDS Index Options & ASCOTs.
• Experience in supporting cleared flows via brokers or direct memberships of CCPs.
• Strong understanding of front-to-back Derivative flows, from trade booking to life-cycle management and settlement.
• Able to be flexible and work to tight deadlines but maintain the very highest standards.
• Identify risks, ensuring robust control environment and high operating standards.
• Equivalent experience at an Investment Bank, working in a Derivative Middle Office capacity.
• Experience in delivering continuous improvement in a Middle Office function, improving control environment and efficiency.

• Knowledge of Derivative products, including TRS, CDS, Swaps, NDF, FRAs & Convertible Bond Options and associated processes, controls & regulation.
• Exposure to Murex Middle / Back Office, ION, Markitwire, Duco.
• Worked with Trading Venues, such as Bloomberg, Tradeweb.
• Good understanding of cleared trades processing, including JSCC, Eurex and LCH.
• Front to back understanding of Derivative Trade Flow, including Trade Capture, Confirmation, Settlements, Compression and Valuations.

Randstad