FINANCIAL SERVICES RECRUITMENT

LONDON | NEW YORK

JOB SUMMARY

Credit and Rates Middle Office / Portfolio Optimisation Analyst

Credit and Rates Middle Office / Portfolio Optimisation Analyst My Client, a leading Investment Bank, is looking to recruit a credit / rates middle office candidate to work in a dynamic, fast paced team with a key focus on the portfolio optimisation process in particular, working with multiple senior Front Office stakeholders globally on a daily basis in order to meet demanding business' objectives.

JOB TEXT

Credit and Rates Middle Office / Portfolio Optimisation Analyst

My Client, a leading Investment Bank, is looking to recruit a credit / rates middle office candidate to work in a dynamic, fast paced team with a key focus on the portfolio optimisation process in particular, working with multiple senior Front Office stakeholders globally on a daily basis in order to meet demanding business' objectives.

The role sits within middle office and forms part of a relatively new Business Resource Optimisation team working closely with the BRM trading desk in reducing the companies various balance sheet resources, risk exposures & capital requirements. The team provide the BRM desk with an operational processing and control service, performing numerous risk reducing exercises such as CCP backloading, novation's and compression.

The role will be split 50% traditional Middle office duties, providing daily support for the BRM desk consisting of 14 traders, including trade verification, daily PnL, adhoc query resolution and the other 50% will be self-initiated compression work and project involvement - so this person needs to be a real self-starter, driven and self-motivated.

Due to the niche nature of Portfolio Optimisation work, my client is happy to provide the necessary training and support for this part of role, so is therefore looking for a Credit / Rates Middle Office Analyst, who has a good appreciation of trade lifecycle management for these products.
The role will be interesting and varied as you will have ownership on project work and managing a vendor relationship for the compression work. You will need to develop a close working relationship with the trading desk, who take a keen interest in the Optimisation aspects of the role.

Key Responsibilities:

* Work closely with the Business Resource Management to process Portfolio Optimisation exercises across Credit and Rates on an ad-hoc basis including:
o CCP Coupon Blending.
o CCP Portfolio Transfers.
o CCP backloading.
o TriOptima / Quantile / CapitaLab vendor led compressions.
o Bilateral/Internal compressions.
o ICE Clear Europe compression cycle.
o Internal novation's.
o Book Optimisation.

* Manage multiple deadlines daily 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 is 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 BRM desk consisting of 14 traders, including trade verification, daily PnL, adhoc query resolution.

Essential 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.

Desired 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.

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  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 23 Apr 18
London, England, United Kingdom London England GB