Associate - Trade Processing - London, United Kingdom - ABN AMRO

ABN AMRO

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Associate - Trade Processing

At a glance:

The Associate, Trade Processing is positioned in Operations department and reports to the Team Lead, Operations UK.

ABN AMRO Clearing Bank N.V. (AACB) is a leading global player in clearing and clearing related services. We provide professional clients access to financial markets around the globe.

By working together we are responsible for processing approximately 15 million transactions per day meaning that AACB consistently ranks among the top three clearers in every time zone, based on turnover and market share.

Given the rapidly changing world around us we are continuously looking at enhancing our processing and investing in innovative solutions to make sure that our clients' needs take centre stage.

AACB's Operations in London specialise in the post-transaction management of both exchange traded and OTC derivative positions. Key processes include trade allocation and market reconciliations, cash and position reconciliations, regulatory reporting, corporate actions and invoicing.

Additionally, Operations UK manages the physical and cash delivery of a wide range of derivative products including, commodities, currencies, debt instruments, and emissions.

Derivatives Clearing Operations is comprised of four distinct groups.
Client Operations manages trade related client queries and services
Trade Processing services client positions and brokerage invoicing, releases regulatory reports, and manages derivative settlements and physical deliveries. Monitors realtime CCP reconciliations, and is responsible for trade allocation, break resolution, and give ups.
Control performs posttrade date reconciliations of trades, positions, cash and fees.
Operational Change Support serves as the central point of contact for the promotion, tracking, and user acceptance testing of software and market related changes, inclusive of new development, enhancements to existing software, and bug fixes.

Your job:

Core Activities

Management of client queries and communication for derivatives
Open interest maintenance on all European markets.
End to end management of the physical delivery process
Management and facilitation of the option expiry processes across all European markets
Responsible for ensuring all derivatives business is allocated and claimed
Responsible for ensuring reconciliation breaks have been actioned and cleared T+1

Key Competencies
As a team we are looking for enthusiastic, positive employees with a creative and pro-active way of thinking. As part of this applicants must possess the below qualities;- Strong verbal and written communication skills

Numeracy, speed and attention to detail.
Ability to work towards regulatory deadlines in a high pressured environment
The ability and flexibility to adapt quickly to new processes
Selfmotivated and desire to develop both personally and professionally
Impeccable integrity and awareness of role in the wider value chain
Demonstrated passion for our industry

Your working environment:

ABN AMRO is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.
At ABN AMRO we have a clear purpose: Banking for better, for generations to come. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility.

Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future.

We want to be the bank that leads the way.

Our strategy goes far beyond financial value: we want to accelerate the transition to sustainability. We do this by supporting and advising our clients in order to facilitate their sustainability shift. Our commitment to clients, employees, investors and society calls for clear direction, focus and dedication.

We concentrate on our three strategic pillars:

Support our clients transition to sustainability
Reinvent the customer experience
Build a futureproof bank

Our strategy requires a culture of working together and permanent learning. It's only with this mindset that we unleash the best in ourselves to deliver a high standard of performance.

ABN AMRO's culture is the catalyst for the evolution in which we find ourselves:
our people are imaginative, trust each other and do just that little bit extra to help clients.

ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK:

Corporate and Institutional Banking which includes Corporate Banking, Clearing, Global Markets
Sales & Trading and Financial Institutions
Commercial Banking which includes Asset Based Finance and International Desk, w