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IR DERIVATIVES TRADE ANALYST

This job is no longer available

Recruiter
Huxley Associates
Posted
21 February 2013
Closes
21 March 2013
Ref
HA-12327948
Contact
William Best
Function
Contract Type
Hours
Salary
£200 - £250 per annum

Further information

A Tier 1 banking group urgently requires the services of an Interest Rate Derivatives Trade Confirmations Analyst to join the organisation on a 6 month contract based in London.

The bank has committed to the FSA to actively review a number of SME derivatives and categorise the overall population in sophisticated and non-sophisticated customers prior to determining whether or not specific derivative transaction were miss-sold for those categorised as non-sophisticated.

In line with this objective, the Interest Rate Derivatives Trade Confirmations Analyst's core purpose will be to investigate, search and provide derivative trade confirmations. The purpose of this is to assist the analysis of customers, and their transactions, in scope of the the bank's SME Derivatives Programme.

Core candidate responsibilities:

  • -Provide trade confirmations to analysis teams for those trades which cannot be located by their own use of doc storage systems.
  • -Explain the linkage of trades in trade booking systems which make up structured interest rate products & how the documents located match up to these bookings.
  • -Explain the relevance of ISDA documents in the trade confirmation process; explain the front to back process of producing & executing trade confirmations.
  • -Answer questions as to how the trade references translate into documents and confirmations.
  • -Assist in the tracking of customer and trade files where required.

Required Candidate Knowledge

  • COBS (Conduct Of Business - Financial Services)
  • TCF (Treating Customers Fairly)
  • Detailed knowledge of interest rate derivatives and their use in banks preferred
  • Knowledge of good regulatory practices and quality assurance and business review controls.

Required Candidate Experience

  • Minimum 2+ years in financial services, risk management, advisory compliance or ISDA confirmations team.
  • Professional qualification (preferred)
  • ISDA Confirmation experience, ideally Interest Rate Derivatives.
This is an urgent position. Huxley will endeavour to contact all applicants for a consultation prior to submission to the client.

KEYWORDS: DERIVATIVES, IR, INTEREST RATE, ANALYST, TRADE CONFIRMATION, ISDA, BANKING, RISK, OPERATIONAL RISK,

To find out more about Huxley Associates, please visit www.huxley.com.

Huxley Associates

Huxley Associates is an international recruitment agency specialising in the placement of senior professionals in a diverse range of sectors.