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Interest Rate Derivatives Desk Support Specialist
Finance & Investment Industry Company
Chicago, IL, United States
Job Details - this job has expired, please see similar jobs below
Trade Support within the Global Middle Office, provides full and dedicated support to the Rates desk. The nature of this support requires strong multi-faceted individuals who are able to understand the lifecycles of the products traded and the systems and reporting mechanisms required enabling full control and accurate and appropriate information to be supplied. Individuals are required to establish close working relationships with colleagues in other departments including Market Risk, Valuation, P&L, Accounting and Operations, as well as Front Office Sales & Trading. Excellent technical knowledge and communication skills are therefore key to success in the role along with the ability to innovate and implement change.
• Responsible for on-desk support of Interest Rate Derivatives for Chicago Sales & Trading
• Verify start of day and end of day front office risk
• Reconcile T+0 P&L (trader estimate to Calypso) including detailed greek breakdowns
• Book trades in MarkitWire (MW)
• Monitor trade workflow between MW and Calypso and investigate and resolve issues
• Book amendments, buy outs, novations, rate reset switch deals in Calypso or MW
• Process internal or back to back trades when necessary
• Acceptance and follow-up on Markitwire activity
• Coordinate EOD P&L (including curves & sensitivities)
• Analyze, book and reconcile risk proxy trades
• Coordinate novation packages (MW to Calypso trade flow)
• Assist sales team with pricing and valuation of deals
• Liaise with settlements and confirms groups for operational issues
• Ensure trades in pending status in Calypso have been verified by EOD
• Manage status of mandatorily cleared trades
• Monitor and resolve Adaptiv violations (Counterparty Credit)
• Maintain trade blotters
• Manage system enhancements / Ad hoc FO reporting requests
Qualifications
Knowledge and Skills:
2 – 5 years of experience in the financial services industry related to interest rate derivatives
Knowledge of Calypso and Bloomberg TOMS a plus
Strong organizational skills, detailed oriented, highly motivated and adaptable
Ability to handle pressure
At BMO Harris Bank, we have been helping our customers and communities for over 130 years. Working with us means being part of a team of talented, passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
To find out more visit our website at Company website.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. We are an Equal Opportunity Employer. By embracing diversity, we gain strength through our people and our perspectives. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability or veteran status.