Job description

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  • Location:
    London - 30 Gresham Street
  • Department:
    Operations (UK)
  • Division:
    Investec Corporate and Investment Banking
  • Employment Type:
    Full time
  • Salary:
    Competitive

Fixed Income Securities Trade Support (5059)

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

Description of role and key responsibilities

Objective of Role:

The primary responsibility of this role is to administer the day to day operational functions throughout the complete Trade Life-cycle from Trade Capture to Trade Settlement for Bonds traded and issued by Investec Bank PLC

Key Responsibilities:-

Trade booking, confirmation and settlement

Ensure that all trades executed are entered completely and accurately into Risk Management systems

Liaison with trade counterparties to agree trade details and ensure instructions are matched in the market

Matching of trades in International Central Securities Depository (ICSD e.g. Euroclear/Crest/Austraclear)

Management of Bilateral and Tri-party repo/reverse repo trades including Collateral switches

Management of Securities Lending trades.

Management of Credit Line at Euroclear/Crest

Responsible for the set up and the static data maintenance of Bonds and Issuers in the relevant systems (Chi/Calypso) – all bond types, including ABS

Booking and Settlement of New Issuance trade for our India Office

Management of trade confirmation/settlement of bond trades executed by our Credit Trading desk

Fail Management and monitoring of alleged trades

Escalation of all unsettled and unmatched trades to management – daily fail reporting

Post-Settlement

  • Processing of Corporate Actions events for Bank and Client positions such as Coupon and Maturity payments
  • Bond Interest Capitalisation
  • Input collateral moves into Euroclear/Crest for settlement

Regulatory

  • Maintenance of Asset Register. Assets to be correctly reflected in the Register detailing any encumbrance.

Reconciliations

  • Responsible for reconciling daily Cash, Stock position and inter-system breaks and ensuring all breaks are resolved in a timely manner
  • Responsible for creating escalation reports to management on all breaks with relevant auditable commentary

Ad hoc Responsibilities

  • Regular liaison with the Front Office teams so team are aware of new business developments / requirements
  • Regular liaison with Product and Financial Control for resolution of Bond set up/Corporate Action issues.
  • Ability to analyse requirements and adapt processes accordingly
  • Monthly production of CMAR return for Custody positions held.
  • Coverage of annual or in-frequent tasks by following documented procedures or previous email communication for guidance.
  • Investigate any new market developments and/or regulations and assess the affect they have on our current model and suggest change where necessary
  • Regular review and update of procedures completed to reflect changes in internal processes and market regulations

Core skills and knowledge

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

Technical Knowledge:

Knowledge of standard processes for Securities Issuance and Settlement

Knowledge of market practice for Securities and Repo markets

Strong understanding of bond flow for all Bond types and how it relates to settlement

Understanding of trade booking standards and trade lifecycles for products supported

Experience on Corporate Action events e.g. coupon payments etc

Understanding of CASS rules and reporting

Product Knowledge:

  • Fixed Income Cash Securities – Corporates, MBS, ABS, CLOS, Covered Funds
  • Finance Products – Repurchase (Repo/Reverse Repo), Securities Lending and Tri-Party agreements

Exception resolution:

  • Ability to investigate bond set up issues, cash and holdings breaks

Relationship Management and communication:

  • Ability to create and maintain strong relationships and channels of communication with business supported
  • Ability to answer queries Securities related matters by key interfaces

Risk Management

  • Ability to assess, analyse and mitigate risk in day to day process and any new process that are implemented

Skills

  • Ability to perform in a pressurised environment
  • Excellent Problem solving and judgement
  • Diligent approach to work, attention to detail.
  • Manage manual tasks in the role, and investigate to improve / automate.
  • Intermediate/Advanced Excel skills
  • Strong analytical skills
  • Process Improvement/Re-engineering
  • Reconciliation
  • Experience in Trade Support/Middle Office environment
  • Strong communication skills

System Knowledge

  • Calypso; Bloomberg; Crest; Easyway; Austraclear

Other attributes that would be helpful, but not essential for the role

Self-starter

Analytical minded

Strong Communication skills

Driven and motivated

Strong Client Servicing skills

Team player

Multi-tasking and detailed orientated

Knowledge of CASS Regulation

 

 


 
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Location
London - 30 Gresham Street
30 Gresham Street, London, England, GB, EC2V 7QN
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Meet the recruiter

Tumi Setshedi

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Benefits

Pension
Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance