Derivative Middle Office Analyst

1 week ago


London, United Kingdom Pontoon Full time

**Job Title: Derivative Middle Office Analyst**
**Duration: 6 months, extensions likely**
**Location: WHF / London**
**Salary: Competitive**
We are happy to be recruiting for one of our high-profile banking clients based in London. They are currently looking for a Derivative Middle Office Analyst on a 6-month contract based from home, with two days per week requirement in the London office.
**Key Responsibilities**:

- Liaising regularly with the wider business to discuss and collaboratively solve OTC challenges
- Provide Trade Support services to the Derivatives Business, this includes both OTC and Exchange traded Derivatives.
- Work closely with technology, establish required system enhancements, drive prioritisation and plan/manage change for the function.
- Demonstrably control all work in progress, escalating where appropriate
- Identification and implementation of process improvements, as a result of errors, changing market practices / requirements, volume changes, or efficiency opportunities
- Understand and comply with all requirements of regulatory regimes and corporate policies and procedures.
- Provide regular updates to Operations management
- Provide a professional service to all internal and external clients, and constructive input to work ongoing in other areas.
- Assist with the evolution of the Derivatives Support function, evaluate the go-forward operating model and enable new business initiatives.
- Contribute towards simplifying any complex, inefficient process' and show demonstrable improvement
- Ensure the functions regulatory responsibilities are understood with processes and controls established to ensure compliance.
- Processing of mid-life events linked to Derivatives transactions including unwinds, knock events, expiries, assignments, exercises, interim swap payments and corporate actions
- Responding to Front Office enquires and clearing issues.
- Timely management of exceptions in trade flow, with appropriate escalation for aged items.
- Monitor ongoing support needs to address changes and gap
- Drive continuous improvement efforts, while reducing risk across all touch-points in the trade path
- Ensure the accurate and timely escalation and resolution of all inquiries
- Address ad hoc queries from operations, technology, and the front office
**Key Requirements**:

- Good understanding of ISDA 2006 & 2021 Definitions
- Front to back understanding of Derivative Trade Flow, including Trade Capture, Confirmation, Settlements, Compression, Valuations and transaction reporting.
- Full understanding of Derivative Products and their lifecycle events and their associated regulations.
- Equivalent experience at an Investment Bank, working in a Derivative Middle / Back Office capacity.
- Knowledge of Derivatives and Operations experience will be an advantage
- In-depth knowledge of Microsoft products and Internet technologies
**TO APPLY - PLEASE REPLY WITH AN UP-TO-DATE CV**
**Pontoon is an employment consultancy and operates as an equal opportunities employer.



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