Equity Swaps Associate

Posted 24 May 2022
Salary £60000 - £65000 per annum
LocationCity of London
Job type Permanent
Discipline Banking Operations
ReferenceSDESA01_1653384332
Contact NameScott Duerden

Job description

Global Investment Bank based in the City of London, are looking to recruit a new Equity Swap Desk Support Associate to join their expanding Global Trade Support team. The Associate will work closely with the Global Equity Finance and Prime Services trading desks providing desk support services for all pre and post execution events. You will also work on ensuring that downstream feeds for various products (Equities, OTC Equity and Interest Rate Derivatives) are setup and acts as a liaison between the Trading desk and other stakeholders.

Main responsibilities will include;

  • Ensure that all new trade bookings and trade amendments are accurately reflected on various trading platforms and updated to properly reflect life cycle events (expiry, reset, dividend, Corporate Actions)
  • Ability to take on a leadership role and Liaise with the trading desk and bank stakeholders (Accounting, P&L, Market Risk, VPC, Audit etc.) to ensure that new product setups and downstream flows are accurately setup
  • Act as a 1st line of defence to ensure that appropriate controls are in place to reduce operational risk, as well as to corroborate adherence to Approved Product List
  • Work closely with IT / PD to automate transactions workflow and create robust trade booking and trade activity monitoring tools
  • Participate in system migration and enhancement projects- conduct UAT testing and assess impact of trade bookings on Market risk and P&L impact on trading books
  • Proactive to investigate and resolve position, trade and payment discrepancies
  • Responsible for completion of EOD process including completeness and reconciliation checks.
  • Ensure all procedure documents are in place and up to date
  • Identify potential risk situations within the scope of Global Trade Support activities, escalating to management as required
  • Ensure adherence to directives, internal processes and internal approvals to mitigate risk to the Bank
  • Identify opportunities to improve the operational effectiveness of assigned day-to-day Global Trade Support activities
  • Deliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support
  • Develop excellent working relationships with Capital Markets Trading Products desks, Product Operations and other stakeholder groups ensuring we have a global view across the business

To be considered for this position, ideal candidates must have the following experience & skills;

  • 3-5 years of business related experience in the financial services industry
  • University Degree/College Diploma in related discipline
  • In-Depth Knowledge of Vanilla and Exotic derivative products (i.e. Equities, OTC Equity and Interest Rate Derivatives - Swaps, Forwards)
  • Must have Project / Testing experience and worked on on-boarding trading platforms
  • Familiar with SwapOne, Imagine, Calypso, Bloomberg
  • Knowledge of Financial Markets and Regulatory oversight bodies
  • Strong written and oral communication skills
  • Ability to work under tight deadlines independently or in a team-based environment
  • Strong investigation and problem solving skills and attention to details
  • Demonstrates analytical thinking and sound judgement when making decisions
  • Good organizational skills, highly motivated and adaptable to a changing business environment
  • Good understanding of business unit's risk and regulatory requirements
  • Good understanding of internal business partner's business, services and organization
  • Knowledge of departmental systems and applications supporting a range of Financial Products
  • Advanced Microsoft Office skills particularly in Excel