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FX & Rates Trade Support Middle Office


Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2021). Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
  

Reference

2022-63648  

Update date

10/01/2022

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

FX & Rates Trade Support Middle Office

Contract type

Permanent Contract

Job summary

Summary

As a member of the FX & Rates Trade Support Middle Office, you will be responsible to support and control the business initiated by New York FX desks as well as Interest Rates trading desks, including Inflation and Options desks.

The team ensures accurate trade capture of Vanilla and Exotic derivatives in the FO systems, facilitates Front to Back trade processing, assists and controls Trading in the management of their position and exposure, and safeguards systems by monitoring daily activity. You will have continual interaction with internal and external stakeholders that requires excellent client service skills. You will develop various skills that include system knowledge, financial products, and market practices.

This position is based in New York and will report to the New York Head of FX & Rates Middle Office.

Key Responsibilities

The FX & Rates Trade Support MO team mitigates operational risk through its functions. In practice this means ensuring trades are captured accurately, reconciliation of trading positions, monitoring of Straight Through Processing trades, management of life cycle events, verify accurate referential data in systems, following regulatory rules, and escalation as necessary.

Specific Responsibilities:

·Ensure the transactional integrity and accuracy of positions across systems used by the FX & Rates business lines

·Investigate trade discrepancies for prompt and accurate resolution to stakeholders

·Facilitate trade modifications in FO systems as requested and relevant

·Manage and control trades’ life cycle events

·Verify modifications of discrepant trades’ impact on Risk and PnL, impacts are immediately made transparent to FO

·Transmit FO trade documents to Paris BO/MO organizational groups for final trade verification and documentation

·Maintain referential data in FO systems

·Assist in the identification, specification, and testing of system enhancements

·Provide innovative ideas to systematically update controls and procedures to reduce operational risk

·Document functions into procedures and ensure information is updated

·Escalate issues and anomalies detected

·Develop strong relationships with local and global teams

·Participate in business projects

Others:

  • Service Quality and Processes improvement:

-Propose and formalize any improvements on controls and procedures

-Develop efficiency initiatives

  • Compliance and Governance

-Ensure compliance with CA CIB CMO [Head Office] and CA CIB NY governance and organization directives

-Promote operational controls and segregation of duties

  • Control and awareness

-Exert vigilance to unusual or inappropriate (i.e. unusual, un-economic or fraudulent) trading practices

-Alert management and position control team in case of suspicion of inappropriate (i.e. unusual, un-economic or fraudulent) trading practices or operations

Position location

Geographical area

America, United States Of America

City

NEW YORK

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Degree in finance or previous experience in a Middle Office function

Experience

Experience - Previous experience in FX and/or IRD Middle Office

Description cont:

  • Legal and Regulatory Responsibilities

-Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Local Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer

-Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence

Management and Reporting

·Reports to the Head of FX & Rates Trade Support MO

Key Internal contacts

·Front Office, Middle Office, Back Office, Processing/Support teams, Control and Reconciliation Middle Offices, IT, referential teams, Risk and Market Activity Monitoring teams, Audit teams and Internal Control, Compliance teams

Key External contacts

·Clients, Interbanks, and broker/dealers

SPECIAL ROLE REQUIREMENTS: Participation in BCP planning and testing

Required skills

Essential

  • Rigour and sense of organisation.
  • Autonomy.
  • Capacity to cooperate / Ability to work across disciplines
  • High technical and analytical ability
  • Ability to analyse and summarise
  • Good relationship and ability to communicate clearly and easily
  • Sensitivity to operational risk
  • Ability to work under pressure
  • Client service orientation
  • English Fluent
  • Comfortable with IT tools
  • Comfortable with Excel functions, macros and visual basic

Desirable

  • VBA, Macros
  • French is a plus
  • Series 7 & 63 are a plus

Languages

Fluent English (French is a plus)