Permanent

We are a bulge bracket Investment Bank based in the City of London. Due to continued growth we are looking for a Rates Exotics & Hybrids Middle Office ? Cross Asset Issuance Team Manager at Associate level.

The Rates Exotics & Hybrids business provides sophisticated rates markets risk management solutions for our clients. Products traded include exotic interest rate derivatives (e.g. Snowballs, Range Accrual) and hybrid structures (e.g. Power Reverse Dual, FX Tarns, Multi-Asset), as well as vanilla hedging instruments (futures, swaps, caps/floors, swaptions, forwards).

The Rates Exotics & Hybrids Middle Office provides first-line support for the Rates Exotics & Hybrids business in Europe and Asia and acts as a key point of contact for numerous downstream groups. The team of 50 is supporting both the day to day business and its increasing volumes and product range. In addition it is engaged in multiple projects underway to develop the business, working closely with the Front Office, Quantitative Research and IT teams. The group consists of four sub-teams - Trader assistance, Risk Management, Trade Management (including Business Control) and Projects.

The role is a middle office role managing a team of 4 people. Core responsibilities of the manager include supervising the daily activities of the team, ensuring controls and KPIs are monitored, improving the control processes in the team, and liaising with business management and other departments for new business initiatives relating to issuance. The responsibilities of the team include:
- Set up of note instruments in trading system.
- Trade capture and trade support.
- Daily P&L reporting and sign off.
- Running EOD processes.
- Liaising with multiple groups including marketers and traders, marketing and trade support and accounting.
- Assessing and improving current controls

The ideal candidate will have supervised or managed a Middle Office team at a large Investment Bank and must have excellent product knowledge - understanding of fixed income products and also of structured note issuance. You must also have a very good understanding of trading PnL and of risk types - Market (positions), operational, settlement, credit, legal and reputational. Good Systems skill - Risk management and reporting systems, straight through processing, Excel (VB) and Project Management - Delivery of tactical and strategic systems / process solutions are a definite advantage.

This is a great opportunity to join a Bulge Bracket Investment Bank with excellent career prospects for the right individual.

Team Manager : Rates Exotics & Hybrids