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Middle Office Support Analyst


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 Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North 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 market 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

2022-73653  

Update date

09/11/2022

Job description

Business type

Types of Jobs - Operations

Job title

Middle Office Support Analyst

Contract type

Permanent Contract

Management position

No

Job summary

Summary:

The Credit Middle Office acts as a support and control function for the activities managed in London by the Credit Market Business Line who works with financial products such as Bonds, CDS, CDS Indices; Synthetic and Cash CDOs, Index Tranches; Swaps, FRAs and Strips.

Key Responsibilities:

The Credit Middle office offers dedicated support to all Credit and some Govies Trading Desks.

Control:

  • Trade validation in FO systems (1st level of control)
  • CDS & Indices: Control of New Trades and Unwinds booking plus follow up
  • Swaps: Control of New Trades and Unwinds booking plus follow up
  • False/technical counterparty checks
  • Distressed Assets product line
  • Collateral discrepancy checks and investigation
  • Monitoring of STP flows

Support:

  • Novations (ad hoc and organised bulk): responsibility of e-platforms management, booking in FO systems and follow up with counterparties and BOs
  • Failed and alleged trades monitoring
  • Funding/re-financing: calculation and booking in FO systems
  • Syndication fees follow-up
  • CDS booking
  • Invoice Booking & P&L Transfers
  • Error Status Follow-up
  • Bilateral Compressions
  • ICE Compressions
  • Bond Exchanges and Funges

Credit & Succession Events:

  • Bank-wide management of Credit and Succession Events: responsibility of managing and prioritisation of all requests and questions pertaining to Credit Events in a timely manner.
  • Booking, FO communication, validation and materialising the P&L impact.
  • Co-ordination with other support teams such as: BO, Legal, Risk and MAM.
  • Compilation of information of the ISDA Determinations Committee decisions, Markit (refinancing/rename event).

Reporting:

  • Investor Reports
  • Reporting / Statistics
  • Sensitivity to MIFID2 requirements

Management and reporting:

  • The candidate will report to the Head of London Credit MO

Legal and Regulatory Responsibilities

  • Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London 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.

Key Internal contacts

  • Credit Cash & Derivatives Front Offices – Structured and Flow products
  • Risk management
  • Reconciliations department
  • Back Offices
  • IT

Key External contacts:

  • Brokers
  • DTCC and Novations departments at other banks

Systems Used:

  • Murex v2 and v3; MarkitWire; Bloomberg, Outlook, Microsoft Office, ICE, DTCC Novation Consent.
  • Various in-house built systems

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

  • Qualified to BSc level or above in relevant discipline with minimum classification of 2:1. 

Experience

  • Previous experience in a Credit support function (ideally in a dealing room)
  • Credit Events experience

Required skills

  • Good knowledge of credit products: bonds and CDS.
  • Swaps
  • Vanilla and exotic settlement
  • Structured products
  • Ability to work in a team environment
  • Strong attention to detail
  • Ability to work well under pressure.

Languages

English (fluent), French (advantageous)