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Trade Support MO Commodities Market, slough
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Client:
LevelUP HCS
Location:
slough, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Views:
3
Posted:
28.06.2025
Expiry Date:
12.08.2025
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Job Description:
Overall Purpose:
* Adherence to our investment banking clients internal policies and regulatory requirements framing the business activity.
* Provide support to Commodities Markets Traders in securing the booking, positions and inherent risks of their books.
* Be the back-up cover in relation to supporting all range of commodity underlying within the Trade Support group.
* The scope can be extended to specific situations where applicable, including other business lines or geographical locations.
Main Responsibilities:
* Provide hands-on leadership in the day to day running flow of production; strive for excellence in the operational processes
* Promote a strong and reactive performance culture within the Trade Support production chain
* Develop strong relationships with the Front Office desks
* Ensure the best quality of service is delivered to the Trade Support clients, i.e. Front Office Traders, Sales whilst ensuring Natixis internal frameworks and policies are adhered to.
* Communicate efficiently and adequately to transversal departments and downstream chain
* Support new business line requirements and business initiatives; apply problem solving skills and agile contribution to the development of new solutions for daily production
* Participate and propose reinforcement of ad hoc controls and reconciliations that should be in place across products, with a strong focus in mitigating the operational risk factor. Ensure a good level of knowledge of the complete lifecycle of trades.
* Communicate as well as coordinate with appropriate teams across the lifecycle stakeholders from FO to Product Control to BO
* Analyse, challenge, report and escalate appropriately potential issues. Mitigate operational risks.
* Understanding and capacity to analyse transactions with associated hedging and risk representations
Daily Production tasks, not restricted to & subject to evolve:
* Ensures all trades within scope are in the system for correct p&I and risks on trade date
* First level of control of manually booked trades at inception (economic details, booking specificities, technicalities of system requirements)
* Whilst Traders remain accountable for proper representation in the systems, assist FO in booking of trades when required following the roles & responsibilities matrix and embedded 4 eye checks through dedicated queues
* First point of entry and ownership of the analysis securing legitimacy for amendments/cancellations requests in relation to the Primary Economical Terms of the transactions. Challenge, measure the impacts, report, and action the amendments under Trader’s approvals
* Initiate workflow of approvals with other departments (e.g. Market risk & Quants) in relation to amendments not pertaining to primary economical terms (e.g. in relation to models & risks). On approval proceed to action amendments, measure impacts and report to traders.
* Monitoring of product lifecycle events impacting the positions internally & externally when facing the Market & OTC clients (e.g. Future expiries, conditional payoffs, EOM deliverables).
* Post trade life cycle generations of events within scope (Option expiries monitoring, manual payoffs calculation & bookings)
* Setup Markup/XVA controls with FO to ensure p&l accuracy
* Setup high level EOM mark to market controls ensuring client statements accuracy
* Setup cash balances monitoring of IM/VM consumption vs funding with FO
* Setup with FO basis risk control of unsecured vs secured discounting curves positions for closer monitoring & rebalancing/ with possible internal hedging
* Ad-hoc reporting e.g. Hit/Miss / CC reports
* Answer and liaise to punctual requests from transversal departments (e.g. Internal Audit, Compliance Control, Anti-Fraud, other GMO departments)
Required Skills/Qualifications/Experience
* Good communication skills with Traders/Sales/IT/Management and team members.
* High level of commitment, reactivity, reliability on support related issues.
* Excellent autonomy with the systems, processes and decision taking frameworks.
* Capacity to challenge Traders requests whilst maintain professional report.
* Capacity to troubleshoot front office related issues and escalate situations of risk.
* Commodities (Swaps Fixed/Float. Float/FLoat, Gas Formulas, Options, Futures, Physical, Warrants)
* Fixed Income (IR, FX, MM)
* Strong first level of financial approach: identification of trades with their associated hedge and risks
* Knowledge of trade life cycle for listed and OTC trades at inception and downstream levels, as well as impacts for Marple in terms of Market risks and official P&L publication.
* Understanding of Front Office systems: SOPHIS / MUREX / SUMMIT and system Gateways interactions.
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