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The Details

About Us

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2020).

Nearly 8,400 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank’s clients, meeting their financial needs throughout the world.

Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade.

The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

 

ΛPPLY

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.

 

ΛPPLY

You will develop various skills: knowledge of financial products such as Interest Rate Swaps, bonds, FX products either vanilla or hybrid & Cross-Asset.

The position is based in the dealing room London. You will report locally to the London Rates team Lead and globally to the Head of Paris IRD Middle Office.

Key Responsibilities:
The role of the intern will be to support the Rates Middle Office team in the following activities:

  • To ensure the proper booking of the transactions.
  • To contribute to the development of a reliable and effective first level of control function for the dedicated perimeter.
  • To participate in various projects related to client business development, to optimize secure transactions and provide control of risks.

You will also participate in business projects such as new markets development or new products, new regulations and market rules.

Main tasks and responsibilities on the perimeter you will  support:

  1. 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)

  1. 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)

  1. 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

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.

 

ΛPPLY

Position localisation
Geographical area  Europe, United Kingdom
City  London
Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

In order to be considered for this vacancy you must be educated to Bachelor Degree level or above with the minimal classification of 2:1. It would be preferable if your degree is within a mathematical discipline i.e. Economics, Engineering, Finance

Required skills

– Good relationship building and communication skills

– Autonomy

– Rigorous and organized

Technical skills required

– Previous experience utilizing VBA, Python or programming software
– Knowledge of macros

Languages

English (required – fluent), French (advantageous)

 

ΛPPLY
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London

07506 563 885

info@ther3cruit.co.uk