Trade Support Rates Derivatives and Credit

Job Description

Front Office level support for UK Rates derivatives trading desk and Credit trading desk

Adherence to Natixis internal policies and regulatory requirements framing the business activity.

Provide support to the rates Traders in securing the booking, positions and inherent risks of their books.
Scope includes: IRS, Inflation Swaps, Exotic Swaps, Caps Floors, Money Market, FX and Futures, bonds (Gilts), Corporate bonds, Government bonds and bond futures.

Be the back-up cover in relation to supporting other range of underlying/business lines within the Trade Support group. (FX / Commodities)

The scope can be extended to specific situations where applicable, including other business lines or geographical locations.

Main responsibilities:

• Develop hands-on leadership in the day to day running flow of production; strive for excellence in the operational processes
• Promote a strong and reactive performance culture within the Trade Support production chain
• Develop strong relationships with the Front Office desks
• Ensure the best quality of service is delivered to the Trade Support clients, i.e. Front Office Traders, Sales whilst ensuring Natixis internal frameworks and policies are adhered to.
• Communicate efficiently and adequately to transversal departments and downstream chain
• Support new business line requirements and business initiatives; apply problem solving skills and agile contribution to the development of new solutions for daily production
• Participate and propose reinforcement of ad hoc controls and reconciliations that should be in place across products, with a strong focus in mitigating the operational risk factor. Ensure a good level of knowledge of the complete lifecycle of trades.
• Communicate as well as coordinate with appropriate teams across the lifecycle stakeholders from FO to Product Control to BO
• Analyse, challenge, report and escalate appropriately potential issues. Mitigate operational risks.
• Understanding and capacity to analyse transactions with associated hedging and risk representations

Daily Production tasks, not restricted to & subject to evolve:

• Liaise with Head Office based Trade Support to gain knowledge and setup London desk processes
• Ensures all trades within scope are in the system for correct p&I and risks on trade date
• First level of control of manually booked trades at inception (economic details, booking specificities, technicalities of system requirements)
• Whilst Traders remain accountable for proper representation in the systems, assist FO in booking of trades when required following the roles & responsibilities matrix and embedded 4 eye checks through dedicated queues
• First point of entry and ownership of the analysis securing legitimacy for amendments/cancellations requests in relation to the Primary Economical Terms of the transactions. Challenge, measure the impacts, report, and action the amendments under Trader’s approvals
• Initiate workflow of approvals with other departments (e.g. Market risk & Quants) in relation to amendments not pertaining to primary economical terms (e.g. in relation to models & risks). On approval proceed to action amendments, measure impacts and report to traders.
• Monitoring of product lifecycle events impacting the positions internally & externally when facing the Market & OTC clients (e.g. Future expiries, conditional payoffs, EOM deliverables).
• Post trade life cycle generations of events within scope (Option expiries monitoring, manual payoffs calculation & bookings)
• Ad-hoc reporting e.g. Hit/Miss / CC reports
• Answer and liaise to punctual requests from transversal departments (e.g. Internal Audit, Compliance Control, Anti-Fraud, other GMO departments)

Required Skills/Qualifications/Experience

Good comms skills with Traders, Sales, IT, Management, and team members. High commitment, reactivity, and reliability in support issues. Excellent autonomy in systems, processes, and decision frameworks. Capable of challenging Trader requests while maintaining professional rapport. Able to handle long working days and troubleshoot front office issues, escalating risk situations as needed. Possess a "hands-on" and "can-do" attitude, with keen attention to detail.

Specialized skills include a strong understanding of:
Commodities (Swaps, Options, Futures, Physical, Warrants)
Fixed Income (IR, FX, MM)
Ability to learn new asset classes and products as needed
Financial acumen for trade identification and risk assessment
Knowledge of trade life cycles for listed and OTC trades, including impacts on Market risks and P&L
Familiarity with Front Office systems (SOPHIS, MUREX, SUMMIT) and their interactions
Advanced Excel skills
Understanding static and market data and their impact on positions