Key Skills:Rates Products, Trade Life Cycle, Trade Affirmation, Cash Flow Management, T0 Controls, Advanced Excel (Macros), MS Excel
Roles & Responsibilities
- Validate trade booking accuracy across T0 affirmation platforms using broker confirmations, electronic feeds, and Order Management Systems.
- Identify and resolve trade mismatches, discrepancies, and missing trades on T0 in collaboration with onshore teams, Traders, PMs, and counterparties.
- Ensure books and records accurately reflect executed trade economics.
- Perform daily control checks including completeness, accuracy, duplicate detection, and other booking controls.
- Partner closely with Onshore Trade Support, Middle Office, Funds Finance, Traders, and Portfolio Managers.
- Liaise directly with external brokers, counterparties, affirmation platforms, and vendors.
- Identify recurring breaks, broker trends, and operational inefficiencies; propose and implement workflow enhancements.
- Support automation and process improvement initiatives using Excel, VBA, Python, SQL, and STP enhancements.
- Act as Subject Matter Expert (SME) for Rates products and affirmation platforms, supporting and guiding Junior Associates and Analysts.
- Lead the daily T0 control process for the Rates asset class and act as a key escalation point for desks, onshore teams, and counterparties.
- Oversee the daily control environment, driving a zero-break mindset and supporting new business/product onboarding, projects, and testing.
- Affirm trades on T0 using MarkitWire and MTM platforms.
- Book and support Rates products including Interest Rate Swaps, FRAs, Inflation Swaps, Swaptions, Caps/Floors, CMS Spreads, and Exotic structures.
- Process daily Swaption and CMS Cap/Floor expiries and investigate swap-related cashflow breaks.
Experience Required
- 4 - 10 years of experience in trade affirmation, middle office, or trade support within Rates or derivatives operations.
- Strong understanding of the trade life cycle and T0 affirmation processes for Rates products.
- Hands-on experience with Rates instruments such as IRS, FRAs, Swaptions, Caps/Floors, CMS, and Exotics.
- Experience working with affirmation platforms such as MarkitWire and MTM.
- Proven experience in daily controls, cashflow management, and exception handling.
- Advanced proficiency in MS Excel; experience with macros or automation tools is a strong advantage.
- Ability to act as an SME and manage escalations in a fast-paced trading environment.
- Strong analytical, communication, and stakeholder management skills.
Education:Any Post Graduation, Any Graduation
