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
  • Operations

Job title:


  • 12 Month Internship Rates Middle Office

Contract type:


  • Internship/Trainee

Term (in months):

  • 12 Months

Job summary:


  • Summary
  • In a dynamic and International environment, you will participate in the control and support functions of the operations initiated by the London Rates & Cross-Asset Front Office, from the negotiation and recording of the transactions. Your role will be to facilitate and to smooth the processing of the operations in the processing chains by ensuring an effective and relevant support to FOs based in London. As well you will support MO Post-Trade and Operation teams based in Paris.
  • You will develop various skills: knowledge of financial products such as Interest Rate Swaps, bonds, FX products either vanilla or hybrid & Cross-Asset.
  • The position is based in the dealing room London. You will report locally to the London Rates team Lead and globally to the Head of Paris IRD Middle Office.
  • Key Responsibilities
  • The role of the intern will be to support the Rates Middle Office team in the following activities:
  • To ensure the proper booking of the transactions.
  • To contribute to the development of a reliable and effective first level of control function for the dedicated perimeter.
  • To participate in various projects related to client business development, to optimize secure transactions and provide control of risks.
  • You will also participate in business projects such as new markets development or new products, new regulations and market rules.
  • For compliance and confidentiality issues some tasks may not be performed by you.
Main tasks and responsibilities on the perimeter you will support:

  • 1. Validation / Booking
  • First level of trade input control in FO systems (manual bookings)
  • Ensure exhaustiveness of daily captures
  • Ensure exhaustiveness of Termsheets sent to other Rates & Equity MO teams
  • Modifications in FO systems (valuation impact control)
  • Post trade issue
  • Trade Lifecycle Management (booking of events in FO systems)
  • Supervision of exercises and expiries of trade options3. Monitoring
  • Collateral reporting on a weekly basis
  • Monitoring of the Mandatory Clearing Process in Markitwire
  • Monitoring of the Regulatory reporting to DFA & EMIR
4) Other duties

  • Control and coordination of the CVA fees Process on a weekly basis
  • Creation of counterparts and instruments in FO systems
  • Support for FO (reporting, monitoring, creation of ctp, etc )
  • Ensure the controls and procedures are developed to support the business and reduce operational risk
Legal and Regulatory Responsibilities

  • Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and the Financial Crime Policy.
Position location


Geographical area:


  • Europe, United Kingdom

City:


  • London

Minimal education level:


  • Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality:


  • Graduate

Experience:


  • Previous experience in MO functions

Required skills:


  • Good relationship and communication skills
  • Autonomy
  • Rigorous and organized

Technical skills required:


  • Comfortable with excel functions, macros and visual basic
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