Structured Products Middle Office Analyst

Job Description

Our investment banking client has been present in the UK for more than 150 years, theyre a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Theirrole is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.On behalf of this organisation, AMS are looking for a Structured Products Middle Office Analyst for a 14 Month Day Rate Contract based in London (hybrid working model).Purpose of the Role:The SPMO mandate is to support the Structured Credit Front Office. SPMO also supports a variety of other Fixed Income desks where complex structures or ad-hoc bookings are involved, including Global Macro IRFXLM products.The team supports a portfolio of complex transactions to ensure each of them is booked accurately and all lifecycle events (coupon payments, substitution, restructure, credit events etc.) are properly processed.The SPMO Analyst is accountable for the delivery of operational activities for the existing deal stock as well as coordinating new business across all the related Business lines.As a Structured Products Middle Office Analyst, you will be:

• Checking if deals are represented correctly in the Banks booking systems, conformed to all legal documentation terms, and adequately stored and controlled throughout the transaction lifetime
• Coordinating all settlements during the lifetime of the structures with various Operations teams to ensure successful settlement
• Ensuring that all allocated Level 1 and Level 2 controls have been performed on new structured transactions, and recorded in the relevant monitoring tool
• Setting up reminders for the transaction lifecycle, ensuring appropriate controls and invoice tracking
• Performing reconciliations and controls on coupons, repo rolls, waterfalls, as well as investigating and resolving breaks and queries with the guidance of more senior colleagues
• Producing transaction specific documentation
• Building and sending out internal and external monthly reports with the guidance of more senior colleagues
• Coordinating relationships with the business to identify business requirements for new structures, coordinating the operational setup, providing appropriate operational support, and representing Operations at approval committees with the guidance of moresenior colleagues
• Contributing to the development of the control framework to ensure the appropriate management of operational risks and help implementing mitigating solutions
• Ensuring accurate and timely processing of rebooking initiatives and migrations

What were looking for:

• Previous experience of working in operational roles in the banking industry
• Previous experience of projects coordination
• High degree of interest in product and process issues affecting the department
• Positive and dynamic attitude to complying with deadlines and objectives
• Computer literacy and a good knowledge of the ability to learn and utilise specialist applications appropriately, including strong Microsoft Excel Skills; VBA etc
• Knowledge and understanding of Fixed Income products (Securities, IRD, CRD) and operation processes for structured transactions
• Sound working knowledge and understanding of operational risk and permanent control framework
• Detailed knowledge of Fixed Income business organisation between Middle office and other functions, such as Front Office, Legal, Risk, Back Office, and Finance
• Understanding of settlement, PNL, and accounting processes
• Analytical skills with the ability to understand technical concepts
• Effective time management and ability to prioritise workload and escalate issues to management; focus on accuracy and attention to detail with ability to review and improve work
• Strong interpersonal and communication skills
• Good written and oral communication skills

Next StepsIf you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course. This client will only accept workers operating via an Umbrella or PAYE engagement model.AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.