Trade Support Associate - 6 months renewable contract

Job Number: 5877

External Description:

Role Description

The Asia Currencies & Emerging Market (CEM) business is a market leader in the Sales and Trading of Rates, Currencies, Credit, Fixed Income and Exotics and Hybrids in Asia Pacific region.

This role in the Asia CEM Linear/ Non Linear Middle Office (part of Currencies & Emerging Markets) offers an exceptional opportunity to join a high profile, multi-product team, with excellent opportunities for personal growth and development. The area works closely with Front Office, requiring strong attention to detail and the ability to work in high pressure situations. The pace is fast and the team is a dynamic and diverse combination of individuals. Individuals in the team will have an opportunity to work with teams globally in order to enhance processes and ensure the team’s processes are globally consistent.

Each trading desk has a dedicated team who are required to develop an intensive understanding of the desk’s business and transactions and provide the above support. We are looking for candidates to join the teams who display drive and enthusiasm, who are highly numerate, work well as part of a team and have strong communication skills.

Responsibilities

• Act as the primary control over the accurate capture of the business’ transactions in the Risk Management System
  
  
• Maintain risk management and downstream system integrity of a blended portfolio of exotic derivative products, providing P&L and greek portfolio changes to trading desk and FX structuring team.
  
  
• Decompose, analyze and approve new transactions against structured term-sheets, sales recap and broker confirmations
  
  
• Ensure compliance with Regulatory standards such as SDR and various Asia TRs reporting
• Monitor and manage trade events throughout the lifecycle of the transactions, e.g. option exercises, knock ins/knock outs, rate fixings, TARNs and barriers
  
  
• Review legal confirmation documentation for accuracy vs. the Risk Management System booking
  
  
• Produce and validate T0 P&L, 1st Order and Higher Order Risk positions for the Front Office. Investigate and resolve P&L and Risk queries from Front Office
  
  
• Create and run ad-hoc risk scenarios for Front Office which can involve producing impact of model parameter remarking, analytics, hypothetical market situations such as ‘what if’ and ‘worst case’ etc
  
  
• Produce risk exposure reports for use by Valuation Control Group (VCG), Market Risk, Quantitative Research (QR) and Model Governance Group (MGG)
  
  
• Assist Quantitative Research and Front Office with their initiatives for model improvements and model upgrades via testing and impact analysis.

Skills Requirements

• Min 3-6 years of relevant experiences in trade support / middle office operations within the investment banking industry
• Good knowledge and understanding of vanilla and complex derivative products
  a) Vanilla Products: Bonds, FXOptions, FXForwards, IR Swaptions, IR and XCCY Swaps, Inflation Swaps and Asset Swaps
  b) Complex Products: Range Dual Currency Swaps, binaries, barriers, KOs/KIs, TARNs, Callable Inverse Floaters, Yield Curve Spread Options (YCSOs), Quantos and Structured Note Issuance
• Good understanding of the greeks such as Delta, Vega, Gamma, Theta and Cross-Gamma
• Problem solving skills – Developing and implementing solutions to often complex issues
• Project management skills to assist in the delivery of tactical and strategic solutions
• Good communication and networking capabilities and having a bank-wide perspective – Understanding the needs of other groups and the importance of relationship building through extensive interaction. 

Interested candidates please email your CV in Word Format to Emily.ng@randstadsourceright.com.sg

EA License: 94C3609
Reg No: R1439496

Job Number: 5877

Community / Marketing Title: Trade Support Associate - 6 months renewable contract

Location_formattedLocationLong: Capital Tower, Central Singapore SG