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About the Role
A leading global investment bank is seeking an Associate for the Structured Rates team within its Global Middle Office (GMO) in London on a temporary contract. This role involves trade management and first-line support for Exotic Rates trading and structuring desks, offering broad exposure to complex interest rate products and supporting functions.
Responsibilities
- Provide trade management and first-line support to the Exotic Rates trading and structuring desks.
- Carry out structured deal reviews and manage the lifecycle of bespoke and structured trades.
- Resolve queries and perform reconciliations promptly and accurately.
- Build and maintain a deep understanding of the bespoke and structured products traded and their specific control and support requirements.
- Produce the T0 flash P&L for the desks supported.
- Partner with Front Office, Risk, Finance, IT and Operations to ensure policies and controls are implemented and managed across the structured products businesses.
- Understand, maintain and enhance processes, drawing on knowledge of the product and transaction lifecycle.
- Work with Front Office and other control functions to build control and governance frameworks for bespoke and developing business lines.
- Build and own key relationships with Front Office and other stakeholders, contributing to stakeholder governance forums to support business innovation and growth.
- Strengthen relationships across functions and with GMO teams onshore and offshore to build consensus and improve collaboration.
- Manage demand and prioritise effectively to deliver on both change-the-bank (CTB) and run-the-bank (RTB) commitments.
Requirements
- Strong knowledge of, and experience in, structured derivatives in at least one asset class, with the ability to understand complex financial products and structures.
- Experience in a middle office or equivalent control function.
- A deep understanding of investment banking products and processes, with a track record of process improvement and a high level of attention to detail.
- The ability to balance competing demands and think holistically about process change.
- Strong communication skills, with the ability to build relationships and challenge stakeholders appropriately.
- Agility and a willingness to adapt positively to changing priorities, with the ability to lead and inspire peers and direct reports.
- Comfortable in a hands-on, trader-facing role, providing close day-to-day support to the trading desks.
- Markit Wire experience, including agreeing trades bilaterally with clients and ensuring they are booked and fed into risk books promptly.
- Structured Rates experience across products such as swaptions, callable, callable notes and American options, particularly those with time-critical lifecycle events.
- A self-starter who can think quickly under pressure and contribute independently.
- Knowledge of digital tools or programming languages such as Python, SQL, Alteryx or Power BI.
- A valid working permit for the UK is mandatory.
Skills
- Structured derivatives
- Middle office support
- Investment banking products and processes
- Process improvement
- Attention to detail
- Balancing competing demands
- Holistic thinking
- Communication skills
- Relationship building
- Stakeholder management
- Agility
- Adaptability
- Leadership
- Trader-facing support
- Markit Wire
- Structured Rates
- Swaptions
- Callable products
- Callable notes
- American options
- Python
- SQL
- Alteryx
- Power BI
Location
- London
Work Type
- Temporary contract
- Hybrid working
Experience Level
- Associate
About the Company
- Delta Capita Group is a global managed services, consulting, and solutions provider with a unique combination of experience in Financial Services and technology innovation capability.
- Our mission is to reinvent the financial services value chain providing technology based mutualised services for financial institutions for non-differentiating services.
- Our 3 offerings are: Managed Services, Consulting & Solutions, Technology.
Equal Opportunity
- Delta Capita is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, colour, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.
- We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. If you require any reasonable adjustments through your interview process, please use the designated space within the application questionnaire.