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Clearing & Compressions Trade Support Analyst

Greater London
Finance & Accounts
Job Type:


Clearing & Compressions Trade Support Analyst
Initial 3 Month Contract
Finance Sector

Job Outline:
• A Clearing & Compressions Trade Support Analyst is required to work on an initial 3 month contract based in London.
• The Trade Support Analyst will provide experience of either clearing or compressions within a Trade Support position.

Role Summary for a Clearing & Compressions Trade Support Analyst:
• The team is primarily engaged in CDS and IRD Clearing & Compressions controls and support and recently became involved in supporting FX Compressions.
• The team is also responsible for a range of IRD related controls which directly result in the daily mitigation of risk through various checks and reconciliation reporting.
• The team works closely with Business Management and IT departments in setting out new business initiatives such as enhanced Margin and clearing related workflows.
• The activities carried out by the team mean that they perform a vital role in reducing the Banks' balance sheet and Counterparty Risk profile, and to ensure that the bank is operating within the new MiFid and market regulatory requirements.
• Mandatory clearing deals due to EMIR, CFTC etc. are cleared and escalated when necessary.
• Multilateral (Vendor) Compressions - Running CDS, FX & Rates cycles. The team is responsible for managing the process from signup to execution, working with Front and Back offices to establish correct stock of trades for tear-up, and PV calculation to ensure the final result is risk neutral.
• Central Counterparty Processing - Handling of SOD and intraday margin calls and ensuring all processes, reports and reconciliations are carried out in a timely manner.
• CCP Compressions - Credit & Rates.  Managing the whole process, liaising with Rates Front Office where required. Credit is handled solely within the team as part of the back loading cycle.
• CDS Clearing - Back-loading trades into the CCP on a weekly basis for clearing to ICE / LCH and intraday clearing.
• CCP Margin Payments - Responsible for SOD and intraday margin calls, and ensuring all processes, reports and reconciliations are carried out in a timely manner. The team is also responsible for the onboarding of new CCPs accounts, for example new CCPs or established CCPs going live with client clearing or new products.
• IRD Portfolio Reassignments - Large scale Migration of traders stock from old to new portfolio, this task has been essential to the centralization of trades into HUB portfolio's for increased efficiency during compression workflows.

Skills and Qualifications:
• Expert in systems and business domain
• Expert on the process and best practices for conducting requirements practices in the organisation
• Positive and dynamic attitude to complying with deadlines and objectives.
• The Clearing & Compressions Trade Support Analyst will provide a high degree of interest in product and process issues affecting the department.
• Effective time management and ability to prioritise workload and escalate issues to management.
• Have strong interpersonal / communication skills.
• The candidate must display a very professional attitude and be willing to work long hours if the workload is high.

Core Competencies:
• Team Spirit
• Communication
• Motivation and Commitment
• Change Management
• Technical Business Knowledge
• Controls and Production
• Results Orientation
• Analytical and Organisational skills

At First Recruitment Group we understand just how important it is to secure the right people. That's why our consultants always take the time to understand requirements in detail and offer sound advice to both clients and candidates. We actively recruit at all levels, Graduates/ Trainees, Designers, Engineers right through to area lead / technical authority through to Department Group Manager roles.

This is a superb opportunity for a Trade Support Analyst with experience of clearing/ compressions to take their next step in their career!

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