FX Trade Support 3-4 Yrs

Job Description

The team will be dedicated to providing full support to the Fixed Income Derivatives Business Units i.e. foreign exchange

Trade Support Group, this team supports FX cash, NDF and FX Option desk. The group is structured to focus on independent control, risk and maintenance functions and each team member is assigned responsibility for a varied set of processes. The group will grow in size over time as more functions are migrated giving scope for future exposure to new processes, products and career progression.

The team has reporting lines to the Global Head of Derivatives Operations as well as regional reporting lines to the regional functional risk and process owners.

Primary Responsibilities

• Reconciliation of Trader's Risk products and positions to Firm books and records and investigation and resolution of breaks.
• Reconciliation of upstream & downstream systems to ensure trade flows are complete
• Monitoring of specific system error queues, which require investigation and resolution to ensure the trade flows downstream.
• Preparation of funding balance for trading desk.
• Post funding validation.
• FX vs IRS reconciliation.
• Front office - Back office (FOBO) reconciliation.
• LCH Forex clear Fixing reconciliation.
• Trade exception monitoring for FX option desk.
• Production and distribution of exception reporting highlighting specific exceptions that require specific actions to resolve.
• To process requests from Internal Trade Support teams to update MS Internal Mainframe Systems

Skills required (essential)

Skills desired

Operations Competence Framework

DEFINITION

Commercial / Business Orientation

Guardianship

Consistently highlights problems and errors to Manager. Based on their developing knowledge, judges when an issue is a potential problem and will raise it to their supervisor. Prepared to voice their concerns to Senior Management. Acting as a point of escalation for issues raised by internal / external clients

Client Skills

Establishes and maintains effective working relationships with all clients they support.

Functional Knowledge

Job Skills

Understands fundamental components of position and how it relates to workflow. Seeks to understand the system itself. Demonstrates broader knowledge of work systems.

Business / Product Knowledge

Demonstrate expert business knowledge concepts. Understands the role and objectives of the department and the functions of other divisions. Interested in learning how business / products are created.

Technology

Knows how the systems link to each other. Maintains data integrity understands system process flow and the implication of a break in the process.

Size and Type of Role

Defined by the complexity and breadth of the role. Where the role demands a high level of specialized knowledge, complexity will be evaluated by considering length of time to reach full mastery. Role must be developed or identified for the next level.

Professional Skills

Integrity

Takes responsibility for own actions. Learns from own and others' experiences. Shares own knowledge where appropriate. Looks for innovative ways to be more efficient. Uses the utmost discretion in dealing with sensitive / confidential information

Planning & Control

Agrees on requirements of role and development objectives with manager. Works accurately, independently and quickly to meet deadlines. Knows what is important and prioritizes accordingly. Prepared to question others on their timeframes. Provides status on assigned tasks. Is prepared to raise issues & ask questions when necessary.

Communication

Writes and speaks clearly and concisely. Listens to others. Determines the importance of an issue when deciding who to involve in communications. Keeps others informed.

Teamwork

Puts in the necessary time or effort to meet team objectives. Builds effective relationships within own group. Appreciates and respectful of varying cultures within the organization. Shows some interest in understanding what is happening with other teams.

Managing People

N / A

Leadership

Promotes own ideas and is able to sell the benefits to others.

New Professional competencies

Analysis & Judgment

Retrieves appropriate facts. Notices gaps, risks, errors and changes in data / information. Checks the facts.

Drive & Resilience

Incorporates sustained performance

Takes full accountability for completing a task to expectations. Confident in resolving issues. Knows when to ask for help. Stays calm under pressure.