IRD Trade Support Middle Office

Vacancy details

General information

Entity

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 2018). Nearly 8,300 employees in 34 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 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 number

2019-41308  

Publication date

11/07/2019

Job description

Business type

Types of Jobs - Risk Management / Control

Contract type

Permanent Contract

Job summary

Summary

As a member of the Interest Rate Derivatives Trade Support Middle Office, you will be responsible to support and control the business initiated by the New York IRD Front Office. The team ensures accurate trade capture of Vanilla and Exotic derivatives in the FO systems, facilitates front to back trade processing, assist and control Trading in the management of their position and exposure, and safeguard 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 Interest Rate Derivatives Middle Office.

Key Responsibilities

The IRD 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 IRD business line.
  • 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

 

Job 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 MO functions

Experience

-Previous experience in IRD MO

Required skills

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

Technical skills required

Desirable:

VBA, Macros