OTC Exotics Flow Support

Job description

OTC Exotics Flow Support London 12 Months Fixed Term Contract This is a flow support role supporting the OTC & equity derivative trading desks across vanilla and exotic products. This role sits as part of a larger ops team that also covers sales support. The individual must be able to work harmoniously with their counterparts in an intense, deadline-driven environment, taking full ownership of tasks as they come in. The role is focused on the integrity of the book — ensuring trades are captured correctly, lifecycle and corporate action events are processed accurately, and breaks and exceptions are cleared before they reach risk or P&L. Frequent and proactive communication with the trading desk, downstream teams and Ops management is required to succeed in this role. Key Responsibilities A key requirement of this role is the ability to jump in on ongoing issues or exceptions, understand the root issue and own the coordination of it through to a timely resolution. Liaise with the desk and senior stakeholders across the teams network to respond to queries and resolve issues. Review and validate trade bookings across OTC vanilla and some exotic products, ensuring economics, static data and booking models are correct at the point of capture and that the risk system reflects the desk's intended position. Perform and review daily reconciliations across positions, trade populations, cash and collateral. Investigate breaks to root cause, coordinate the correcting action with the relevant team, and drive ageing items to resolution and closure. Own the daily exception queues, working on unmatched, unconfirmed and failing items. Prioritise by risk and client impact, escalate early where a resolution is at risk, and identify the recurring exceptions that warrant a permanent fix. Manage the operational impact of corporate actions on the derivatives book, including dividends, mergers, stock splits, spin-offs and rights issues. Coordinate contract adjustments with the desk, apply the resulting changes accurately in the risk system, and validate the outcome against expectation. Process expiries, exercises and assignments, barrier and knock-out events on exotic structures, resets and novations, ensuring the desk and downstream teams are aligned ahead of each event date. Resolve any matching, affirmation and tradeflow issues, working with counterparties and internal teams to clear breaks and improve straight-through processing rates. Act as the escalation point for settlement and cash breaks on the book, working with Settlements, Collateral and the counterparty to resolve issues before they age. Continually look for more efficient ways to run the daily control set, whether through defaulting logic, better use of STP models, automation of manual checks, or eliminating the causes of recurring breaks. Essential Skills and Experience Bachelor's Degree or equivalent: all analytical disciplines considered. Strong product knowledge across equity derivatives essential — experience with OTC vanilla and exotic options is beneficial and listed options and equity swaps also. Demonstrable experience of reconciliations, break investigation and exception management in a trade support or middle office environment. Practical understanding of corporate actions and their impact on derivative contracts. Strong interpersonal skills with the confidence to deal with senior internal clients and join a team of experienced professionals. Demonstration in their past work experience of robust analytical skills, high attention to detail, process improvement and a control mindset. A self-starter with the ability to work on their own initiative as well as be a solid team player. Comfortable working to hard intraday deadlines with the resilience to hold the line on controls under desk pressure. How We Work Delta Capita is an equal opportunity employer. We actively encourage applications from suitably qualified and eligible candidates regardless of age, colour, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law. We will ensure that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. If you require any reasonable adjustments during the interview process, please use the designated space within the application questionnaire. This is a full-time contract position located in London with hybrid working. As the selection and interview process is ongoing, please submit your application in English as soon as possible. If your profile is shortlisted, a member of our team will contact you within four weeks. Candidates must have the right to work in Ireland. Hybrid Working Expectations As a service provider and consulting firm, our office attendance policy (whether at client premises or our own offices) aligns with the policies and expectations of our clients, which vary. Most of our clients now require a minimum of three days per week in the office and two days from home; accordingly, this is also Delta Capita's minimum expectation. Some clients now require four or five days per week in the office, and candidates must be flexible in meeting client requirements. Who We Are Delta Capita Group is a global managed services, consulting and solutions provider, combining deep financial services experience with technology innovation capability. Our mission is to reinvent the financial services value chain by providing technology-based, mutualised services to financial institutions for non-differentiating activities. Our three core offerings are: Managed Services Consulting & Solutions Technology To learn more about Delta Capita and our culture, visit: Working at DC - Delta Capita