Trade Support Analyst - Derivatives
Hays Specialist Recruitment Limited
London, GB
Your new company Join a prestigious global bank located in London as a Trade Support Analyst. This role offers an exciting opportunity to work within both the banking arm and the securities business under a dual-hat arrangement, making decisions on behalf of both entities. Your new role As a Trade Support Analyst, you will be responsible for Derivatives Trade Support across the bank's banking and other business. Your key responsibilities will include: Accurate execution of day-to-day processes, contributing to the re-engineering or building of controls. Liaising closely with Trading, Sales, and Structuring to ensure accurate and timely bookings of trades. Acting as a key liaison between trading, other support functions, and counterparties. Managing the trade lifecycle, including T0 validation, fixings, coupon calculations, trigger monitoring, break clause, and expiry monitoring. Ensuring accuracy of all components of new and existing trade bookings across multiple systems. Fully understanding the controls required to support the business through inter-system reconciliations. Strict adherence to internal control and escalation protocols. Maintaining a consistent and robust control environment. Contributing to continuous process improvements. Developing and testing in-house systems. Participating in strategic projects across multiple infrastructures. Composing and maintaining process manuals to ensure accurate and efficient trade support. What you'll need to succeed Essential Work Experience: Middle Office, Trading Assistant, or Product Control experience in flow or derivatives. Skills and Experience:Functional / Technical Competencies: Strong understanding of different asset classes, particularly rates, credit, and FX derivatives. Good understanding of various lifecycle events and associated risks on these products. Knowledge of electronic trading platforms e.g.: MarkitWire, TradeWeb, Bloomberg TOMS, ICE Link, etc. Experience in clearing mechanics and compression optimisation. Understanding of the front-to-back process flow, including Market Risk, Credit Risk, Finance, Product Control, Legal, Compliance, etc. Knowledge of ISDA documentation. Familiarity with reconciliations and operational controls. Understanding of lifecycle event management on both vanilla and structured products. Knowledge of cash flows and dynamics of a banking business, including funding requirements. Knowledge of collateral processes, Initial Margin, Variation Margin, and general CSA familiarity. What you'll get in return A competitive salary, hybrid working and benefits package, along with the opportunity to work in a dynamic and challenging environment within a leading global bank. What you need to do now If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career. Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk