Job description

  • Location:
    London - 30 Gresham Street
  • Department:
    Treasury & Trading Operations
  • Division:
    Investec Corporate and Investment Banking
  • Employment Type:
    Full time
  • Salary:

Trade Support Analyst- 12 month FTC (3287)

The team is responsible for operational support across an array of Desks within the Global Markets function. Product set includes;

IRS, FX, Cap, Floor, XCcy Swaps, CDS, Commodity Swaps, FX NDF, Swaption, Structured Products, OTC options, Equities & Funds, Exchange Traded Derivatives

What you'll do

Day to day execution of the operational functions related to Derivative activity in the IBP businesses.

Trade Booking/confirmation

  • Ensuring all trades accurately booked in the trading systems across all desks.
  • Confirm the accuracy of the trading record by drafting and managing OTC ISDA confirmation and documentation. Liaise with traders / counterparties when appropriate and with legal department to resolve issues.
  • Meet Regulatory deadlines in confirming IR, Exchange Traded Derivatives & Credit bookings via external platforms (Markitwire, ICE & Icelink)

Trade & Cash Reconciliation

  • Reconcile all ETD/OTC trades for all business areas and ensure margin is managed appropriately. Ensure all trades are taken in on T.
  • Investigate and resolve any breaks in the daily reconciliation management process for the business line supported – cash and position

Risk Management

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

Trade Life-cycling

  • Maintain lifecycle events as they arise on OTC positions, including settlement of reset payments, monthly average fixings, premiums, coupons, restructures, terminations, trade novation and all exotic events such as barrier monitoring, Also responsible for the accuracy of data associated to contracts as they re-fix using Reuters and Bloomberg.

Issued Structured Notes

  • Responsibility for checking that instruments are set up correctly in the trading system to correctly calculate the valuation and pay-off of the trade.
  • Review all Term Sheets produced by the Trading desk to ensure are correct including key dates and pay-offs.
  • Liaison with Registrars for the issuance of Preference shares.
  • Liaison with Issuing and Paying Agents for note issuances across various jurisdictions
  • Understanding of settlement process of Note & Bonds in clearing systems (Euroclear and CREST)
  • Daily liaison with outsourced providers of Investec Structured Products Business (Retail clients); surrenders/maturity payments/reconciliation of Strike values, Non Responders.

Project Management

  • Ensure external / internal projects are managed, tested and signed off in line with existing BAU processes.
  • Create and implement process improvements.

Collateral Management

  • Understanding of the flows re Collateral management of Structured Products / OTC derivatives traded on CSA/GMRA
  • Exchange Traded Derivative margining via Clearing Houses
  • Investigate any new market developments 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.

About you

Technical knowledge

  • Strong Derivatives experience is essential.
  • Good understanding of the Structured Products market including Structured Funds.
  • Understanding of OTC Confirmations, ISDA-based confirmations.
  • Exotic derivative trade booking and product set up experience
  • FX Vanilla/Options and Structured product knowledge
  • Interest Rate settlement calculations
  • Swift Matching for all Exotic trading


  • Ability to perform in a pressurised environment
  • Problem solving and judgement
  • Diligent approach to work, attention to detail
  • PC literate (not limited to Intermediate/Advanced Excel skills)
  • Process re-engineering/improvement
  • Experience in Trade Support/Middle Office environment
  • Relationship Management

Changes in the market, products, legislation & regulation relevant to the business area

  • EMIR, MiFID II, Dodd Frank, Un-cleared Margin

About Investec 

Investec is a distinctive Specialist Bank serving clients principally in the UK, Australia 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! 

**We are open to conversations about flexible working so please ask** 

Could your career thrive in this setting? Could you see yourself making an impact? If this is the career opportunity you've been waiting for please apply today or contact us for more information. 

As an Out of the Ordinary bank, we have a family-oriented culture and we genuinely care about our people. We work really hard to create a fun, collaborative and learning environment - so expect lots of team activities, as well as plenty of support for training, mentoring and coaching. 

Close map
London - 30 Gresham Street
30 Gresham Street, London, England, GB, EC2V 7QN

Meet the recruiter

Hannah Jones

Share this page
Share with linkedin
Share with facebook
Share with twitter
Share with email
Job Alerts
Create an alert subscription based on this Job


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