Job Detail

Derivatives Middle Office Lead

Derivatives Middle Office Lead
Primary Location
New York
Bachelor's Degree
Rate Type
Per month
Job Description
Our client, a large US Bank in NY is looking for a Derivatives Middle Office Lead. You will work directly with Traders, Sales and various Back Office teams to provide daily support for reporting and understanding P&L, risk and trade capture.  The ideal candidate should have experience working in a Derivatives trade support or middle office role with 7-10 years’ work experience. 3-4 years of that needs to be in a management position.  The candidate is expected to be the lead/SME of the group. The incumbent needs to present leadership skills and can manage efficiently and prioritize tasks amongst the group. He or she should be willing to work, to be team oriented as the incumbent will be part of the day to day responsibilities, to have good communication skills, to pick up concepts quickly, can multi-task, be detail oriented and to be able to work in a trading environment. Derivatives knowledge within Interest Rates, Equities, and Credit is required. Advanced computer skills and knowledge around VBA is a plus but not required. Responsibilities include:
  • Prepare, provide and understand Greeks P&L (Delta, Gamma, and Vega etc.) reports to Derivatives Traders.
  • Run and understand portfolio analytic reports for risk purposes to provide to Trading.
  • Mark interest rate curves at the EOD and other market data related activities for pricing (interest rate yield curves, volatility surfaces, security static data maintenance).
  • Monitor trading activity on execution platforms and ensure that it STP’s to source system. Perform any OTC or listed trade capture as needed.
  • To analyze and reconcile various reports and trades executed on the Desk.
  • Participate in any UAT testing, upgrades or conversions for all ecommerce, post-execution platforms, and vendor related technology. Provide feedback to the Development teams and/or Technology support.
  • Assist in any projects which will impact processes and workflows. Prepare analysis of findings toManagement.
  • Run through various Quant models to produce risk and P&L for Trading.
  • To be able to identify problems and escalate any issues should they arise.
  • To perform P&L investigations on trade activity where there are discrepancies in Cash Flows, Trade Capture, and Market Data in which analysis is provided to internal or external clients as needed.
  • Assist in any ad-hoc projects with requests from Management, Traders and Sales

As the lead, your responsibilities will include:

  • Lead a small team and manage them effectively
  • Make business decisions that will impact procedures and workflow
  • Face off as SME to Front Office and other Business Partners to discuss most critical issues
  • Delegate and train people within the group
  • Implement efficiencies and streamline processes
  • Lead discussions, drive issues to closure
  • Be an independent self-starter and can work through an organization without lots of guidance
Job Requirements
  • Subject Matter Expertise in Derivatives including, Fixed Income, Equities and Credit products.
  • Prior experience leading a small team.
  • Prior experience using the following systems ideal: Summit, WSS, Murex, Broadway, Tradeweb, Bloomberg, Reuters, Markitwire, Fix Flyer, CFOX.
  • Strong Excel skills
  • Excellent communication

Prospect 33 is an equal opportunity employer.

Apply To Job