Back-office Associate - OTC Swaps

One of our leading banking clients is actively looking to hire an Associate for their Derivatives and Securities team.Profile SummaryThe Derivatives and Securities team are responsible for the confirmation and settlement of a variety of products in support of various Front Office areas of the bank. This takes the form of a full end to end flow from the point of trade through to the cash settlement of the trade. We have contact with external customers, Head Office and most internal departments of the European branches. Products covered include, but are not limited to, OTC Derivatives, Futures & Options, Fixed income, CD Issuance, NDF, Bond Agency, Corporate CSA, Regulatory reporting. Due to the wide range of products we manage the team is also involved in a large number of projects alongside the daily operations. This role will provide the opportunity for the successful candidate to join the OTC Derivatives and Collateral Management team involved in the life-cycle operations for those products. Duties and ResponsibilitiesEnsure the timely confirmation and settlement of OTC Derivative products within the time line set by management and working in full compliance within Head Office and Internal Operating Procedures.Engage in cross training and self-development in order to gain a good operational knowledge of internal systems and trade flows.Cover departmental ad-hoc tasks when required.Identify and escalate to Team Leader and/or Section Head immediately any potential operational difficulties.Adherence and compliance with the Quality Management System.Identify and report any errors to senior management promptly and work to resolve the issue.Constant reviews of current processes and where possible suggest improvementsEnsure effective communication, both verbal and via email, is delivered in a concise and timely manner.Qualifications, Skills and ExperienceExcellent communication skillsStrong numerical and analytical skillsGood product knowledge of, but not limited to Markitwire, OTC Swaps ; IRS, CCS, FRA’s , CAP/Floor, ILS, Swaptions, Swapagent etc, Swap settlements and rate resetsExperience in checking and approval responsibilitiesISDA confirmation knowledge, drafting / checking (preferable but not essential)Collaborative nature to contribute to a successful team performanceDemonstrable ability to innovate, support change and problem solveHigh level of computer literacy particularly in Microsoft office products; VBA, Macros, etc would be preferable but not essentialKnowledge of Collateral management operationsGreat organisational and time management skillsKnowledge of the banking industry

Created: 2025-08-01