An excellent opportunity to join an investment bank in London, working in the Operations team responsible for the confirmation and settlement of a variety of products in support of various Front Office areas of the bank.
Key Responsibilities
- Review, match, and confirm swaps and other derivative trades with counterparties within agreed timelines.
- Manage daily settlements and payments related to swaps transactions, ensuring accuracy and timeliness.
- Investigate and resolve trade breaks, discrepancies, and settlement fails proactively.
- Support the end-to-end lifecycle of swaps trades, including trade capture, validation, confirmation, and settlement.
- Coordinate with front office, middle office, counterparties, and custodians to resolve trade issues.
- Ensure all activities comply with internal policies, regulatory requirements, and industry best practices.
- Maintain accurate records for audit and regulatory reporting purposes.
- Identify opportunities to streamline confirmation and settlement workflows.
- Participate in system upgrades, implementation projects, and automation initiatives.
- Prepare and maintain daily, weekly, and ad-hoc reports related to trade confirmations, settlements, and exceptions.
- Document process changes and contribute to procedural manuals.
Key Requirements
- 2+ years of experience in settlements, or trade confirmation, preferably within an investment banking environment.
- Strong knowledge of swaps (interest rate swaps, credit default swaps, etc.) and related financial instruments.
- Familiarity with trade lifecycle, confirmation platforms (e.g., Markitwire), and settlement systems.
- Proficient with MS Office applications, particularly Excel. Experience with VBA, Macros is advantageous.
