Role details

Middle Office Trade Support Associate (Fixed Income & IRD)

Chicago   •  Permanent

Bullet points

  • Leading international investment bank
  • Must have prior Fixed Income & IRD operations experience

About Our Client

Our client is a leading international investment bank located in the downtown Chicago loop.

Job Description

Responsible for on-desk support of Fixed Income Trading for Corporate Treasury and Capital Market Trading and Sales

Interest Rate Derivatives:

  • Verify start of day and end of day front office risk
  • Reconcile T+0 P&L (trader estimate to Calypso) including detailed greek breakdowns
  • Book trades in MarkitWire (MW)
  • Monitor trade workflow between MW and Calypso and investigate and resolve issues
  • Book amendments, buy outs, novations, rate reset switch deals in Calypso or MW
  • Process internal or back to back trades when necessary
  • Acceptance and follow-up on Markitwire activity
  • Coordinate EOD P&L (including curves & sensitivities)
  • Analyze, book and reconcile risk proxy trades
  • Coordinate novation packages (MW to Calypso trade flow)
  • Assist sales team with pricing and valuation of deals
  • Liaise with settlements and confirms groups for operational issues
  • Ensure trades in pending status in Calypso have been verified by EOD
  • Manage status of mandatorily cleared trades
  • Monitor and resolve Adaptiv violations (Counterparty Credit)
  • Maintain trade blotters
  • Manage system enhancements / Ad hoc FO reporting requests

Fixed Income:

  • Coordinate USD collateral management originated by the US Repo Desk
  • Book unsecured LIBOR loans for the MM funding desk
  • Coordinate with repo counterparties to manage daily margin calls (via re-pricing, free collateral, etc).
  • Assist the Primary Dealer with Federal Reserve operations and US Treasury auctions.
  • Monitor and process client trade allocations
  • Setup new counterparties
  • Follow up on settlement issues with clients & BO
  • Assist FO in T+0 PnL reconciliation and T+1 with PnL group
  • Internal trade booking (Impact/TOMS/Calypso)

The Successful Applicant

  • 8+ years of experience in the financial services industry related to Interest Rate Derivatives and Fixed Income
  • Knowledge of Calypso and Bloomberg TOMS a plus
  • Excel skills a must - macros, pivots
  • Basic programming skills an asset
  • Strong organizational skills, detailed oriented, highly motivated and adaptable
  • Ability to handle pressure

What's on Offer

Competitive Base Salary + Bonus + Excellent Benefits

Apply for this job

Click the Apply or LinkedIn button below or contact Damon See quoting job reference 1212295
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