Trade Support Analyst

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Investec Bank plc
  • 31 Jul 18 2018-07-31

Description of Role and Key Responsibilities

Objective of Role:

Day to day execution of the operational functions for OTC Derivatives traded by the ICIB trading desks and providing full support to the trading desks (Domestic and Overseas desks).

Key Responsibilites:

Trade Bookings:

  • Ensuring all trades are booked accurately in the trading systems (responsible for IRS, Cap, Floor, XCcy Swaps, CDS, Commodity Swaps, FX NDF, Swaption)
  • Additional products managed in the team Collar Deposits and a suite of FX Option strategies e.g. DCD, TARF, Range Forward, Participating Forward)
  • Maintain lifecycle events as they arise on OTC positions, including settlement of reset payments, premiums, coupons, terminations and novations and all exotic events such as barrier monitoring. Also responsible for the accuracy of data associated to contracts as they re-fix.
  • Barrier monitoring for FX Exotics including a daily reconciliation to ensure internal systems are in line.

Trade Confirmation:

  • Confirm the accuracy of the trading record by managing OTC ISDA confirmation and documentation. Liaise with traders I counterparties when appropriate and with legal department to resolve issues.
  • Swift confirmation matching for Vanilla, Exotic and Bullion Options.

Clearing & Settlement:

  • Manage clearance of OTC trades through LCH, and complete daily reconciliation to ensure cash and positions are in line.
  • Ensuring timely matching of all trades in the market

Trade Reconciliations:

  • Investigate reconciliation differences to ensure internal systems/desks are in line with external clearers.
  • Trade Query resolution            

Core Skills and Attributes

  • To act with integrity at all times and embrace the philosophy of treating our customers fairly (compulsory)
  • Regulatory Knowledge as applicable to role (compulsory)
  • Coaching & Assessment  (compulsory for Managers and Supervisors)

Technical knowledge

  • Knowledge of OTC derivative processes and products.
  • Understanding of OTC Confirmations, ISDA-based confirmations.
  • Product knowledge required – FX, Interest Rate and Equity derivatives


  • Ability to perform in a pressurised environment
  • Problem solving and judgement
  • Diligent approach to work, attention to detail.
  • PC Literate
  • Intermediate/Advanced Excel skills
  • Strong analytical skills
  • Process Improvement/Re-engineering
  • Reconciliation
  • Experience in Trade Support/Middle Office environment
  • Strong communication skills
  • Relationship Management

Regulation knowledge

  • EMIR, MiFID II, Dodd Frank