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FICC Derivatives Operations Senior Associate / AVP

Job Title: FICC Derivatives Operations Senior Associate / AVP
Contract Type: Permanent
Location: Hong Kong
Specialisation:
Ref: CL-181030-2
Contact Details: Carmen Lee
Contact Email: carmen.lee@jac-recruitment.com
Published: 16 days ago

Overall job scope: 

  • Provide a high standard of support and control for the Fixed Income Derivatives trading desks (including swaps, rates, credit, mortgages and structured desks) for a range of products including, IRS (Fixed/Float + Cleared/OTC, Basis, Inflation, OIS, Caps, Floors, CMS, FRAs), CDS (Single Name and Itraxx) and FX trades (XCCY Swaps, FX Swaps, Forwards and Options).
  • Resolve any issues related to MarkitWire, Ice-Link, SEF or DTCC for bilateral or cleared trades in a timely manner and work closely with clearing brokers to resolve any positional breaks
  • Ensure all issues or potential issues are highlighted to management in a timely basis. Report all potential compliance issues to management
  • Regulatory – Become fully versed in all regulatory requirements pertaining to Fixed Income Derivatives covering, but not limited to, Hong Kong Trade Reporting, Dodd-Frank, EMIR and Mifid II Transaction Reporting.
  • Process re-engineering – continue to review and question the validity of processes and functions within the team to ascertain whether processes should be automated in current form, or re-engineered. Question whether old processes are still required.
  • Build relationships with desks and clients.       In particular, become the “go to” person for all desk queries
  • Product Knowledge – continue to increase understanding of Fixed Income Derivatives products, from operational processes through to risk and P&L attributes. Additionally, a solid understanding of MUREX and ISDA/OTC Confirmation documentation is a must.

 

Job duties 

  • Daily reconciliations of trading activity from front to back, resolving trade and position breaks
  • Oversee and direct processing of daily trade flow and trade query resolution
  • Hong Kong Trade Reporting, Mifid II, Dodd-Frank and EMIR Transaction Reporting
  • Preparation of monthly client valuations
  • Produce and send out coupon fixings as our role as calculation agent
  • Production of daily P&L flash
  • Communication (both written and verbal) with both internal departments and counterparties, including settlement amounts
  • Investigation of processes and resolution of issues with maximum cost efficiency
  • Establish good working relationship with trading desks and various internal stakeholders including product control, settlements, collateral management, legal and compliance
  • The employee will make decisions, with oversight of daily issues and will escalate to department manager according to size and cost of issue
  • Work with MO management to develop future strategy for trading support impacting both MO and other business stakeholders
  • Drive the direction of MI and control within the Fixed Income Derivatives and work closely with colleagues in Operations Control and the US Derivatives Middle OfficeProduce high-quality, value-added reporting to management 

 

Requirements: 

  • Degree holder of relevant disciples.
  • Excellent FI Derivatives product knowledge (flow and structured)
  • Good understanding of Regulatory environment – including EMIR/Dodd Frank, clearing landscape
  • Experience of MUREX, SEF’s, Markitwire and ICELINK an absolute MUST
  • At least 4-5 years’ relevant experience
  • Excellent command of English is mandatory

 

Interest parties, please feel free to call Carmen KM Lee on +852 25856770.  

 

 

 

Interested candidates, please send an updated CV to jac.hk@jac-recruitment.com  and carmen.lee@jac-recruitment.com. Thank you!