Team Lead - Credit Novation - Product Control - Investment Banking

The Global Credit& Special situations Middle Office seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the Credit Derivatives and Bonds P&L / Product Control production area. The candidate will be expected to work closely with their UK counterparts to complete and deliver the EMEA Credit P&L to all trading desks. The primary responsibility is to deliver accurate and timely p&ls and related control work.

Primary products covered will include: credit default swaps, credit index swaps, interest rate swaps, total return swaps, interest rate futures, fx, and bonds

Responsibilities:

- Delivery of the Team's daily & Monthly processes

- Working with team manager to action People, Process & Technology initiatives across the Credit function

- Report progress at an appropriate level - ensuring minimal overhead/maximum effect

- Identification and resolution of booking, system and process issues.

- Establish relationships across departments to ensure structures are appropriately captured for accounting, valuation and settlement purposes

- Ownership of projects, resolving roadblocks, communicating updates to senior management.

- Investigate and resolve pre and post cash settlement discrepancies and non-receipts.

- Implement improvements to the system infrastructure & control environment

Requirements :

Education :

- Numerate degree

- Graduate or Post Graduation in finance from any university with minimum 60%

Experience Range :

- The overall experience of >5 years prior trade control and Investment Banking environment

Mandatory skills

- Experience of Investment Banking Products from a Middle Office or Back Office background (trade capture, documentation, trade support experience, etc.)

- Strong communication & negotiation skills across all levels of seniority including especially with the Trading desk

- Ability to work autonomously and deliver results in a high pressured environment.

- A logical approach to problem-solving and the ability to prioritize multiple tasks

- Proven analytical skills including data reconciliation and interpretation

- Strong attention to detail and accuracy with an ability to notice minor discrepancies/issues

- Ability to identify and deliver process improvements

- Can demonstrate good Excel skills (macros, formulas)

- Track alleged novations, identify counterparty amendments, track consent process in ICE and Marketwire

- Ensure new trades are matched in DTCC before 5 PM on T+1 (if non C=C)

- Roll-Over Trade workflow requires coordination with Sales & Trading and the Client.

Desired skills :

- Business knowledge with an ability to think out of the box,

- Prior understanding of Investment Banking industry

- Business Results: Client relationships, Analytical ability, Execution, Change leadership

- Personal Effectiveness: Communication, decisiveness, Energy & drive, courage, character, works to achieve success

Work Timings: 5:30 PM - 3:30 AM. (US Hours) permanent