🚀 Internship
12 Month Internship - Credit Middle Office Support
Crédit Agricole CIB
•
8d ago
🚀 Placement Program
London
Rolling basis
Description
- 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; Swaps, FRAs and Strips.
Area of Responsibilities
Banking & Finance
Responsibilities
Control:
- Trade validation in FO systems (1st level of control)
- CDS & Indices: Control of New Trades and Unwinds booking plus follow up
- Swaps: Control of New Trades and Unwinds booking plus follow up
- False/technical counterparty checks
- Distressed Assets product line
- Collateral discrepancy checks and investigation
- Monitoring of STP flows
Support:
- Novations (ad hoc and organised bulk): responsibility of e-platforms management, booking in FO systems and follow up with counterparties and BOs
- Failed and alleged trades monitoring
- Funding/re-financing: calculation and booking in FO systems
- Syndication fees follow-up
- CDS booking
- Invoice Booking & P&L Transfers
- Error Status Follow-up
- Bilateral Compressions
- ICE Compressions
- Bond Exchanges and Funges
Credit & Succession Events:
- 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.
- Booking, FO communication, validation and materialising the P&L impact.
- Co-ordination with other support teams such as: BO, Legal, Risk and MAM.
- Compilation of information of the ISDA Determinations Committee decisions, Markit (refinancing/rename event).
Other ad hoc requests:
- Specific stock reconciliation
- Reporting / KPIs
Reporting
- Investor Reports
- Reporting / Statistics
- Sensitivity to MIFID2 requirements
Requirements
Minimum level of study
- Bachelor Degree / BSc Degree or equivalent
Training / Specialization
- Graduate
- Credit support function (ideally in a dealing room) Credit Events experience
Soft skills
- Ability to work in a team environment
- Strong attention to detail
- Ability to work well under pressure
- Dynamic individual that can take initiative
- Strong communication skills
- Strong time management skills and ability to operate within strict deadlines
- Must be flexible, especially during a Credit Event
IT tools
- Good knowledge of Excel
- VBA programming