Summary
The Operations team is responsible for all Middle office and Back Office processes and controls, as set out as being responsible for the administration of all the databases for all the transactions manages by the London Branch: EMTN, USMTN, Samurai, Covered Bonds on the global capital markets Loans and Borrowings with Subsidiaries and Treasury activity, including derivatives.
Your role will be to facilitate and to smoothen the processing of all Middle office and Back Office processes and controls, as set out below. You will monitor the proper hedging of the transactions, monitor the interest rate gap and liquidity gap, and provide accurate information to Senior Management. You will also be responsible for maintaining adequate procedures for the relevant area. You will develop various skills and knowledge in financial products such as Bonds, Loans and Interest Rate Cross Currency Swaps and you will gain exposure to regulatory reporting.
Key Responsibilities – Middle Office duties
Production of reconciliation report
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Take the ownership of the reconciliation of the Front to Back office system, Production of Flow/ Stock management reports, regulatory reports such as MIFIR
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Monitor and prepare reports checking the eligibility of Micro hedging strategies to the Short Cut Method, for the purpose of assisting the Accounting area in the production of IFRS returns
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Liaise with the Head Office for the management of the Liquidity GAP
Updating of departmental and branch databases:
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Update and maintain the Strategies/Bundles database
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Evaluate, control and apply validated Mark to Market figures received from CACIB MAM to the Calypso system, Justify the P and L, monitor and report PNB
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Support Front Office in monitoring and reporting of new issues’ order books (ECB, rating agencies, internal committee’s reporting)
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Developing analysis and management tools on investor’s participation in new issues
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Populate and maintain Access Middle Office databases and develop efficiency initiatives.
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Produce and maintain transaction specific reporting tools for Front Office and Management
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Perform regular audits of the databases in order to enhance the quality and reliability of the information (reporting to Head-Office, Accounting) and maintain adequate procedures.
Monitoring of interest rate gap, liquidity Gaps, analytical NBI and Liquidity Stress test Levels:
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Liaise with / report to the Head Office for the management of the Liquidity Gap
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Realise the production, monitoring and reporting the ALM interest rate Gap forecasts at month end
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Realise the reporting to French Central Bank
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Support monitoring of internal transactions and analytical NBI
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Monitoring of Liquidity Stress Scenarios