Fx Middle Office- 14 Months Contract

1 week ago

London, Greater London, United Kingdom eFinancialCareers Full time

Job title:
FX Middle Office

  • 14 months contract

Department:
Global Middle Office - Finance

Location:
London

Company overview

Department overview:

The FX Middle Office team is part of the wider Global Middle Office team within Finance.

The team work directly with the FX trading desks and are responsible for the control and support of the business.

Reviewing and reconcilling all trading activity toensure that trades are booked accurately and reported in accordance with internal and regulatory timelines.

The team is central to all activity relating to the trading desks that it supports and therefore interacts regularly with a wide network of internaldepartments including, trading, structuring and sales, Operationss teams, Product Control, MVG, Quants and Risk Management.


Role description:

The team provides the trade management and first-line support for the FX trading, sales and structuring desks. Tasks include deal review, lifecycle management, query resolution, reconciliations and the production of the T0 Flash P&L.


The FX business trades a full suite of FX products and strategies, from vanilla through the more complex products (Forward volatility agreements, Dual Digitals, Average Rates, TARF, Structured Notes and Range Accruals) and associated hedging activity (futures,swaps, FX Spot.

FX FWD, etc).


The Middle Office works closely with the Front Office and all other support functions to enable the business to grow in a controlled environment.


The Middle Office responsibilities:

  • Confirms the accuracy of trade bookings, which in turn ensures accuracy of risk and P&L
  • Plays central role in managing the front to back trade flow
  • Manages the full lifecycle of trades
  • Creates the daily flash P&L and P&L attribution
  • Resolves booking issues and cash breaks
  • Responsible for all trade reconciliation and deal review
  • Manage trade lifecycle incorporating call events & triggers, structured note issuance and complex cash flow management
  • Work with management to maintain and develop a range of relationships across relevant trading businesses and corporate functions
  • Work closely with all the support functions (documentation, settlements, valuations, collateral management, etc.) to provide full operational support to the Front Office
  • Proactively work to improve processes and systems and close control gaps.
  • Work across departments and regions to coordinate and deliver process and system enhancements
  • Responsible for managing the production of T0 P&L Flash, including P&L attribution (new business, edits, Greeks) and provide commentary
  • Involvement in producing all relevant reports and business controls

Skills, experience, qualifications and knowledge required

Skills & Experience - Required:

  • Some Middle Office experience preferred
  • Proactive in investigating and resolving issues
  • Proactive and enthusiastic in managing and developing their own career
  • Ability to work individually and as a team in delivering full range of Business Support Functions
  • Experience in forming part of a wider team and helping to deliver strategic goals
  • Track record in proactively working both in a team and independently to achieve results
  • Ability to manage own time and responsibilities
  • Confident in challenging existing practices
  • Strong Excel skills
  • Basic knowledge of vanilla FX products such as spot, forward, swaps and options

Right to Work


Please contact us if you are visiting our offices and require any form of personal assistance or physical adaptations to be provided for your appointment.

A member of staff will be happy to help.

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