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Internship

12 Month Internship - Middle Office Rates Analyst

🚀 Off-cycle Internship

London

AI generated summary

  • You need a Bachelor's degree in Finance/Business with 2:1 grade, Middle Office experience, relationship skills, autonomy, VBA proficiency, organized, and fluent in English (French a plus).
  • You will support Rates Middle Office team in booking transactions, monitoring trade lifecycle, collateral reporting, and ensuring compliance with legal and regulatory requirements.

Off-cycle Internship

Banking & FinanceLondon

Description

  • 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.

Requirements

  • Candidates must possess a Bachelor's degree or above (equivalent considered) in Finance or Business with the minimum classification of 2:1.
  • Prior short-term experience within a Middle Office environment (i.e. Summer Internship/work experience)
  • Good relationship management and communication skills
  • Autonomy
  • Rigorous and organised
  • VBA development
  • English (fluency required), French (would be seen as advantageous)

Education requirements

2:1 or higher
Bachelors

Area of Responsibilities

Banking & Finance

Responsibilities

  • The role of the intern will be to support the Rates Middle Office team in the following activities:
  • Ensure the proper booking of the transactions.
  • Contribute to the development of a reliable and effective first level of control function for the dedicated perimeter.
  • Participate in various projects related to client business development, to optimize secure transactions and provide control of risks.
  • Participate in business projects such as new markets development or new products, new regulations and market rules.
  • Main tasks and responsibilities on the area you will support :
  • Validation / Booking:
  • First level of trade input control in FO systems (manual bookings)
  • Ensure exhaustiveness of daily captures
  • Ensure exhaustiveness of Term-sheets 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 options
  • Investigation & follow-up on breaks and requests sent by BO or other Rates & Equity MO teams (emails / BSMs)
  • Monitoring:
  • Collateral reporting on a weekly basis
  • Monitoring of the Mandatory Clearing Process in Markitwire
  • Monitoring of the Regulatory reporting to DFA & EMIR
  • 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
  • Service Quality and Processes improvement:
  • Propose and formalise any improvements on controls and procedures
  • Develop efficiency initiatives
  • Compliance and Governance
  • Ensure compliance with CA-CIB CMO and CA-CIB London governance and organisation directives
  • Promote operational controls and segregation of duties
  • Control and awareness
  • Exert vigilance to unusual or inappropriate (i.e. unusual, un-economic fraudulent) trading practices or operations
  • 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.
  • Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.

Details

Work type

Full time

Work mode

office

Location

London