Associate, IRD Trade Support Middle Office

SummaryAs a member of the Interest Rate Derivatives Trade Support Middle Office, you will be responsible to support and control the business initiated by the New York IRD Front Office. The team ensures accurate trade capture of Vanilla and Exotic derivatives in the FO systems, facilitates front to back trade processing, assist and control Trading in the management of their position and exposure, and safeguard systems by monitoring daily activity. You will have continual interaction with internal and external stakeholders that requires excellent client service skills. You will develop various skills that includes system knowledge, financial products, and market practices.

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This position is based in New York and will reports to the New York Head of Interest Rate Derivatives Middle Office.
Key ResponsibilitiesThe IRD Trade Support MO team mitigates operational risk through its functions. In practice this means ensuring trades are captured accurately, reconciliation of trading positions, monitoring of straight through processing trades, management of life cycle events, verify accurate referential data in systems, following regulatory rules, and escalation as necessary.
Specific ResponsibilitiesEnsure the transactional integrity and accuracy of positions across systems used by the IRD business lineInvestigate trade discrepancies for prompt and accurate resolution to stakeholdersFacilitate trade modifications in FO systems as requested and relevantManage and control trades’ life cycle eventsVerify modifications of discrepant trades’ impact on Risk and PnL, impacts are immediately made transparent to FOTransmit FO trade documents to Paris BO/MO organizational groups for final trade verification and documentationMaintain referential data in FO systemsAssist in the identification, specification, and testing of system enhancementsProvide innovative ideas to systematically update controls and procedures to reduce operational riskDocument functions into procedures and ensure information is updatedEscalate issues and anomalies detectedDevelop strong relationships with local and global teamsParticipate in business projects
OthersService Quality and Processes improvement:Propose and formalize any improvements on controls and proceduresDevelop efficiency initiatives
Compliance and GovernanceEnsure compliance with CA CIB CMO [Head Office] and CA CIB NY governance and organization directivesPromote operational controls and segregation of duties
Control and awarenessExert vigilance to unusual or inappropriate (i.e. unusual, un-economic or fraudulent) trading practicesAlert management and position control team in case of suspicion of inappropriate (i.e. unusual, un-economic or fraudulent) trading practices or operations
Legal and Regulatory ResponsibilitiesComply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Local Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting OfficerMaintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence
Management and ReportingReports to the Head of IRD Trade Support MO
Key Internal contactsFront Office, Middle Office, Back Office, Processing Support, Control and xzbcwsv Reconciliation Middle offices, IT, referential teams, risk and market activity monitoring teams, audit teams and internal control
Key External contactsClients, Interbanks, and broker/dealers
SPECIAL ROLE REQUIREMENTS: Participation in BCP planning and testing
Education EssentialBachelor's Degree in Finance or previous experience in a MO functions
Experience/Competencies3-5 yearsPrevious experience in IRD MORigour and sense of organizationAutonomyCapacity to cooperateAbility to work across disciplinesHigh technical and analytical abilityAbility to analyze and summarizeGood relationship and ability to communicate clearly and easilySensitivity to operational riskAbility to work under pressure
Skills & Knowledge RequirementsEnglish FluentComfortable with IT toolsComfortable with excel functions, macros and visual basic
Skills & Knowledge DesirablesVBA, MacrosFrench is a plus