12 Month Internship - London, United Kingdom - Crédit Agricole CIB

Crédit Agricole CIB
Crédit Agricole CIB
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description
Job description


Business type:


  • Types of Jobs
  • Corporate & Investment Banking

Job title:


  • 12 Month Internship Credit Middle Office

Contract type:


  • Internship/Trainee

Term (in months):

  • 12 Months

Job summary:


Summary

  • The Credit Middle Office acts as a support and control function for the activities managed in London by the Credit Market Business Line who works with financial products such as Bonds, CDS, CDS Indices; Synthetic and Cash CDOs, Index Tranches; Swaps, FRAs and Strips. The Intern will assist in this.

Key Responsibilities

  • The Credit Middle office offers dedicated support to all Credit and some Govies Trading Desks. The Intern will assist in this.

Control:
- o Trade validation in FO systems (1st level of control)
- o CDS & Indices: Control of New Trades and Unwinds booking plus follow up
- o Swaps: Control of New Trades and Unwinds booking plus follow up
- o False/technical counterparty checks
- o Distressed Assets product line
- o Collateral discrepancy checks and investigation
- o Monitoring of STP flows


Support:
- o Novations (ad hoc and organised bulk): responsibility of e-platforms management, booking in FO systems and follow up with counterparties and BOs
- o Failed and alleged trades monitoring
- o Funding/re-financing: calculation and booking in FO systems
- o Syndication fees follow-up
- o CDS booking
- o Invoice Booking & P&L Transfers
- o Error Status Follow-up
- o Bilateral Compressions
- o ICE Compressions
- o Bond Exchanges and Funges

Credit &

Succession Events:
- o Bank-wide management of Credit and

Succession Events:
responsibility of managing and prioritisation of all requests and questions pertaining to Credit Events in a timely manner.
- o Booking, FO communication, validation and materialising the P&L impact.
- o Co-ordination with other support teams such as: BO, Legal, Risk and MAM.
- o Compilation of information of the ISDA Determinations Committee decisions, Markit (refinancing/rename event).


Other ad hoc requests:
- o Specific stock reconciliation
- o Reporting / KPIs

Reporting
- o Investor Reports
- o Reporting / Statistics
- o Sensitivity to MIFID2 requirements

Position location


Geographical area:


  • Europe, United Kingdom

City:


  • London

Minimal education level:


  • Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality:


  • Graduated

Experience:


  • Experience of capital markets environment

Required skills:


  • Ability to work in a team environment
  • Strong attention to detail
  • Ability to work well under pressure.
  • Dynamic individual that can use initiative.
  • Strong communication skills
  • Strong time management skills and ability to operate within strict deadlines

Technical skills required:


  • Knowledge of capital markets products
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