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 Derivatives (12 month FTC) (3920)

Role: Trade Support Analyst - Derivatives (12 month FTC)

Location: London

Key Relationships

Financial Products (Structured Derivatives), FX Corp, FX Sales, Fund Solutions, Credit, Interest Rate, Central Treasury, Legal, Compliance, TTOPs, Finance, Product Control, Market Risk, Marketing

Description of role and key responsibilities

Objective of Role:

The team is responsible for the day to day execution of operational support related to derivative business for an array of Desks within the Global Markets function.

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

Key Responsibilities:-

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 & Control Management

  • Ability to assess, analyse and mitigate risk in day to day process and any new process that are implemented
  • Regular review and update of procedures completed to reflect changes in internal processes and market regulations.

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
  • Understand 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.
  • Investigate any new market developments and assess the affect they have on our current model and suggest change where necessary.

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

  • 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
  • Strong communication skills
  • Intermediate Excel Knowledge

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

  • EMIR, MiFID II, Dodd Frank, Uncleared Margin

Attributes that would be helpful for the role

  • Project Management (not essential)
  • Self-starter
  • Analytical minded
  • Strong Communication skills
  • Driven and motivated
  • Risk and Control management
  • Team player
  • Detailed orientated

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

Meet the recruiter

Darryl Kinder

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