Interest Rate Product Operations Middle Office - Analyst - London

Job description

Job Summary & Responsibilities

YOUR IMPACT

Are you interested in working in a dynamic and fast paced team, partnering with the Securities Division to facilitate the IRP business? We’re looking for a professional to join our IRP middle office who wants to use their skills and ideas to oversee and strategically change how the business is supported, as well as supervise and develop more junior team members.

OUR IMPACT

OPERATIONS
Our team of critical thinkers partners with groups in all areas of the firm to perform financial analytics and reporting and data analytics and engineering. Our division also provides critical operations design and handles capital markets operations to ensure business flows smoothly across our global offices. From day one, team members play a vital role in upholding the three Operations principles of client focus, process innovation, and risk management.
Middle Office is responsible for supporting the transaction management of all business generated by the various Interest Rate Derivative Sales and Trading desks in London.  The OTC Derivative transactions being traded range in complexity from vanilla swaps to the most innovative, structured interest rate products on the market today. The team is not only responsible for managing the day to day business but more importantly partnering with the business to facilitate new activities, implementing new industry initiatives and ensuring we constantly challenge the functions and way we are structured to become more streamlined and scalable.  

HOW YOU WILL FULFILL YOUR POTENTIAL

• Technical knowledge – MO affords the opportunity to develop a detailed understanding of a wide variety of Interest Rate Products.  Alongside excellent on-line learning opportunities, the day-to-day handling of trades in the front-end booking system should ensure technical proficiency. Liaising with Trading/Sales to ensure timely booking of new trades and amendments to existing bookings as well as the management of life cycle events on existing trade population will also be expected
• Client relationship skills – regular interaction with Trading, Sales, other internal teams and liaising with Clients and other dealers will afford the opportunity to develop well-honed and professional relationship management skills
• Project management – Industry and team level projects are a key component of the team.  Always aiming to improve efficiencies and realise cost savings, a proactive and enthusiastic approach to managing projects will ensure early exposure to high profile opportunities. Examples include:

o Identification of industrialization opportunities within the team and the use of business intelligence n order to further understand the IRP costs and where to focus effort
o Defining new system specifications and carrying out subsequent UAT testing

SKILLS & EXPERIENCE WE’RE LOOKING FOR

BASIC QUALIFICATIONS
• Bachelor’s degree with minimum 2 years of experience in an operations role
• Excellent interpersonal and communication skills, both written and verbal
• The individual needs to be confident when dealing with demanding business people, protecting the interests and reputation of GS whilst facilitating the business within the firms’ policies and procedures
• Middle Office works closely with Technology and other Operation Teams; Drafting, Trade Servicing and Settlements.  A sense of teamwork and unity is imperative as is the ability to build “mutually beneficial” relationships across departments
• Strong organizational skills and the ability to cope with rapidly changing priorities throughout the day are essential
• Strong attention to detail and the ability to keep track of a large and varied workload under time pressure
• Comfortable managing multiple stakeholders, driving consensus and influencing outcomes

PREFERRED QUALIFICATIONS
• Awareness of ISDA, key definitions and standards and current industry initiatives would be useful
• Industry Regulatory Reform Agenda