Structured Products Middle Office Operation Specialists
other jobs Careers In Group
Added before 73 Days
- England,London
- full-time
- Competitive salary
Job Description:
We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients’ recruitment team and provide professional interim and temporary resources.
Our investment banking client has been present in the UK for more than 150 years, they’re a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.
On behalf of this organisation, AMS are looking for a Structured Products Middle Office Operation Specialists
for a 12-month
long contract based in London
. It is a hybrid model.
Purpose of the role:
The role of SPMO is to support the Structured Credit & Rates front office business lines. You will also support a variety of other Fixed Income desks where complex structures or ad-hoc bookings are involved including Global Macro IR & FXLM products. The team supports a portfolio of complex transactions to ensure each of them is booked accurately and all life cycle events are properly processed.
As a Structured Products Middle Office Operation Specialists, you will be:
* Assisting in facilitating the deployment of a strong operational control environment within the Structured Products Middle Office team.
* Ensuring deals are represented correctly in the Bank’s booking systems, conformed to all legal documentation terms adequately stored and controlled throughout the transaction lifetime.
* Ensuring that all allocated Level 1 and Level 2 controls have been performed on new structured transactions and recorded in the relevant SPMO monitoring tool.
* Ensuring that all breaks across the controls performed are understood & resolved within the agreed targets/SLAs.
* Ensuring that root causes for underlying breaks are tracked, understood and resolved contributing to a healthy control environment.
* Recommending improvements where appropriate in line with best practice.
* Contributing to production reporting, meetings and SLA review.
* Analysing alignment between client needs and Ops set-up and processes, to ensure it can deliver the best possible service for our clients in the most efficient manner possible.
* Reporting KPIs/KRIs on a regular basis to management, reviewing them frequently to ensure they are updated. Contribute to the definition of an action plan to remediate any deficiency and create new KPIs/KRIs as required.
* Analysing incidents having an impact on the overall process and contribute to the definition of action plans.
What we’re looking for:
* Material experience working in control functions within an investment bank.
* In-depth knowledge of financial instruments as well as the front-to-back chains on the Structured Products Middle Office perimeter.
* Good theoretical & working knowledge and experience of fixed income, equities credit, rates, FX & structured products.
* Number of years working in either Credit or Rates Middle Office functions.
* Good working knowledge and understanding of operational risk and permanent control framework.
* Detailed knowledge of specific operational principles and processes and able to translate knowledge and experience into recommendations to improve practices.
* Positive and dynamic attitude to complying with deadlines and objectives.
* Effective time management and ability to prioritise workload and escalate issues to management.
Next steps
If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.
This client will only accept workers operating via an Umbrella or PAYE engagement model.
AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.
JBRP1_UKTJ
Our investment banking client has been present in the UK for more than 150 years, they’re a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.
On behalf of this organisation, AMS are looking for a Structured Products Middle Office Operation Specialists
for a 12-month
long contract based in London
. It is a hybrid model.
Purpose of the role:
The role of SPMO is to support the Structured Credit & Rates front office business lines. You will also support a variety of other Fixed Income desks where complex structures or ad-hoc bookings are involved including Global Macro IR & FXLM products. The team supports a portfolio of complex transactions to ensure each of them is booked accurately and all life cycle events are properly processed.
As a Structured Products Middle Office Operation Specialists, you will be:
* Assisting in facilitating the deployment of a strong operational control environment within the Structured Products Middle Office team.
* Ensuring deals are represented correctly in the Bank’s booking systems, conformed to all legal documentation terms adequately stored and controlled throughout the transaction lifetime.
* Ensuring that all allocated Level 1 and Level 2 controls have been performed on new structured transactions and recorded in the relevant SPMO monitoring tool.
* Ensuring that all breaks across the controls performed are understood & resolved within the agreed targets/SLAs.
* Ensuring that root causes for underlying breaks are tracked, understood and resolved contributing to a healthy control environment.
* Recommending improvements where appropriate in line with best practice.
* Contributing to production reporting, meetings and SLA review.
* Analysing alignment between client needs and Ops set-up and processes, to ensure it can deliver the best possible service for our clients in the most efficient manner possible.
* Reporting KPIs/KRIs on a regular basis to management, reviewing them frequently to ensure they are updated. Contribute to the definition of an action plan to remediate any deficiency and create new KPIs/KRIs as required.
* Analysing incidents having an impact on the overall process and contribute to the definition of action plans.
What we’re looking for:
* Material experience working in control functions within an investment bank.
* In-depth knowledge of financial instruments as well as the front-to-back chains on the Structured Products Middle Office perimeter.
* Good theoretical & working knowledge and experience of fixed income, equities credit, rates, FX & structured products.
* Number of years working in either Credit or Rates Middle Office functions.
* Good working knowledge and understanding of operational risk and permanent control framework.
* Detailed knowledge of specific operational principles and processes and able to translate knowledge and experience into recommendations to improve practices.
* Positive and dynamic attitude to complying with deadlines and objectives.
* Effective time management and ability to prioritise workload and escalate issues to management.
Next steps
If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.
This client will only accept workers operating via an Umbrella or PAYE engagement model.
AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.
JBRP1_UKTJ
Job number 1439248