FX and Fixed Income Derivatives Middle Office

Job Description:The FX and Fixed Income Derivatives Middle Offices manage core transactional and post trade processing controls for the FX Business within Jefferies Financial Services Inc and for EMEA Fixed Income Derivatives Business within Jefferies International Limited and Jefferies Gmbh. The middle office team are the focal point between the Fixed Income business (COO, trading, sales) and other teams across operations and wider corporate functions. The middle office perform transactional controls to ensure end to end processing is complete, timely, and accurate. The middle office interacts with clients and other external agents in supporting the lifecycle event processing for trade activity. The middle office is actively engaged in business, regulatory and technology driven projects. Key Responsibilities & Tasks:Department: FX Middle OfficeFX Settlements – Identify FX settlements that are required on a daily basis and ensure that all settlements are agreed by the BPO Team. Ensure all payments are checked and fully processed before the relevant payment cut off times.Confirmations and CLS – Ensure all trades are confirmed and any outstanding items are investigated. Ensure there are no unmatched or alleged items in CLS and any outstanding items are investigated. Reconciliations – Perform internal Reconciliations on a daily basis. Check that the main Nostro Rec has been completed by the BPO Team.Department: Fixed Income Derivatives Middle OfficeTransactional controls – ownership of transactional controls for all Fixed Income derivative products traded by the desks , Interest rate Swaps (Fixed/Float, Basis, Inflation, OIS, Caps, Floors, CMS, FRAs), Credit Default Swaps, and FX hedges.Lifecycle event monitoring and processing -including Cashflow Confirmation, Structured Note Issuance, managing portfolio compressions, Credit Event processing. Coupon Calculations in role of Calculation Agent, Confirmation timeliness and Execution.Transaction Reporting: Investigation & resolution of breaks impacting Regulatory reporting - Mifid II, Dodd-Frank and EMIR Transaction Reporting.P&L reporting: Production of daily P&L flash.Reporting and metrics: Monitoring KRIs and providing regular commentary on the drivers of any KRIs trending amber or red. Applicable to both DepartmentsProcess improvement: Identify improvements to be made front to back. Taking ownership of issues and driving changes through to resolution. UAT testing: Engaging with product development and IT teams in the build out of new products and system functionality – defining operational processing requirements and planning UAT testing. Qualifications/ Experience:The candidate is required to have experience in FX– understanding of products and downstream processing requirements. The ideal candidate will have operational experience in Fixed Income Derivatives within a middle office environment, although candidates with relevant operational experience looking for a new challenge will be considered. A good understanding of Regulatory environment – including EMIR/MIFID II, clearing landscape. Experience of MUREX, SEF’s, Markitwire and ICELINK would be an advantage. Working relationships:The candidate will face internal and external clients. Good communication skills, effective collaboration, and a can-do attitude are key attributes for success in the role. The candidate will work across both the FX and Fixed Income Middle Offices to offer a coverage of both functions.