HSBCJP00040858 - FX & PM Options Middle Office

London, Greater London (GBR)
£302.5 - £405 Per Day
12 Months
Start date: ASAP
Ref: HSBCJP00040858

Apply now

Required skills

middle office
fx
options

Other skills

trading floor
operations
otc
capture
reporting

Job description Posted 09 March 2022

Job title – FX & PM Options Middle Office Associate

Location – London/Hybrid

Start date – ASAP

Contract – Initially 12 months

Rate: Up to £315 per day PAYE OR up to £405 per day via Umbrella.

HSBC is currently seeking an FX Options Middle Office Associate to join their team in the London office, this contract will initially be a 12 months Maternity Leave cover.

The role is based in London on the trading floor within Global Markets. Reporting in to the Global Head of FX & PM Derivatives Middle Office. Candidate will need to be able to work without close guidance on the majority of tasks although support will be there where required.

In this role, you'll be responsible for:

· Assist in ensuring the smooth running of the FX & PM Derivatives Middle Office function. Timely deal capture, amendments and lifecycle management.

· Managing Exercise of Maturing Options

· Trade Amendments

· Understanding the booking requirements of all different OTC products that are traded

· Communication with traders when positions / P&L are changed

· Liaison between Operations and Product Control

· Remove strain on Trading to allow them to focus on Risk

· Reduction of Operational Risk

· Exotic Trade Booking (Non STP structures)

· Assist Traders when unexplained jumps in P&L or Risk occur

· Ensuring Wash Books remain flat

· Liason between FO and all support functions to ensure

· Identify enhancements to current processes

· Assist in planning for future developments

· Operational Losses

· Creating efficient tools to monitor past losses

· Looking for trends/repeat losses and effective steps to mitigate these

· The FX Options Business processes between 3-5k tickets per day

· Any other ad-hoc work

To be successful in this role you should meet the following requirements:

FX & PM Derivatives knowledge preferable
Understanding of Front to Back trade flow
Ability to pick up new processes quickly
Lateral thinking to identify improvements in processes
Clear communication skills
Ability to effectively prioritise

If you are relevant or interested, please contact me at Trixie.Kamau@jeffersonwells.co.uk