FX Options Middle Office in London Area

Orla Rose Associates is looking for an FX Options Middle Office in London Area

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Job description

FX Options Middle Office

The job holder will provide daily operational support primarily for the FX Option Desk. The

job holder will also work closely with Finance, IT, Treasury and Compliance. The FX Options

Middle Office function is part of OTC Operations which currently consists of 7 people and is

an operations-based team that provides support to our various OTC desks and our internal

proprietary desk.

The Role

Daily T+1 PnL data collection and calculation to key stakeholders
Checking and reporting daily client margin calls
Full life cycle of FX Option trades including trade validation, long form validation,

expiries, trade amendments etc

Positional reconciliation of F2 positions (internal) versus external vendor platforms
Creation and subsequent management of Trading Platform STP mappings.
Distribution of client position statements.
Internal distribution of daily utilization reports
Calculating and verification of Client Monthly rebates
Management of team inbox and subsequent resolution.
Payment Netting with Liquidity Providers and Clients
Dealing with ad hoc client requests.
Participate in the departmental cross training plan as and when required.
Managing post trade confirmation systems
Identification and escalation of high-risk exceptions

Skills

Demonstrate a keen interest in FX middle office or an operations department
Some knowledge of FX Options products and associated lifecycle events
Some Knowledge of OTC FX products from trade date to settlement
Strong communication skills both written and verbal
Proactive mindset and ability to work under pressure for demanding stakeholders
Understanding of Operational Risk within a middle office or operations department
Intermediate MS Excel skills

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