Internship/Trainee

12 Month Internship - Credit Middle Office

Modified on 16/05/2024

  • London - United Kingdom
  • Corporate & Investment Banking
  • 2024-89632

Job description

Summary

The Credit Middle Office acts as a support and control function for the activities managed in London by the Credit Market Business Line who works with financial products such as Bonds, CDS, CDS Indices; Synthetic and Cash CDOs, Index Tranches; Swaps, FRAs and Strips.  The Intern will assist in this.

Key Responsibilities

The Credit Middle office offers dedicated support to all Credit and some Govies Trading Desks. The Intern will assist in this.

 

Control:

o    Trade validation in FO systems (1st level of control)

o    CDS & Indices: Control of New Trades and Unwinds booking plus follow up

o    Swaps: Control of New Trades and Unwinds booking plus follow up

o    False/technical counterparty checks

o    Distressed Assets product line

o    Collateral discrepancy checks and investigation

o    Monitoring of STP flows

 

Support:

o    Novations (ad hoc and organised bulk): responsibility of e-platforms management, booking in FO systems and follow up with counterparties and BOs

o    Failed and alleged trades monitoring

o    Funding/re-financing: calculation and booking in FO systems

o    Syndication fees follow-up

o    CDS booking

o    Invoice Booking & P&L Transfers

o    Error Status Follow-up

o    Bilateral Compressions

o    ICE Compressions

o    Bond Exchanges and Funges

 

Credit & Succession Events:

o    Bank-wide management of Credit and Succession Events: responsibility of managing and prioritisation of all requests and questions pertaining to Credit Events in a timely manner.

o    Booking, FO communication, validation and materialising the P&L impact.

o    Co-ordination with other support teams such as: BO, Legal, Risk and MAM.

o    Compilation of information of the ISDA Determinations Committee decisions, Markit (refinancing/rename event).

 

Other ad hoc requests:

o    Specific stock reconciliation

o    Reporting / KPIs

 

Reporting

o    Investor Reports

o    Reporting / Statistics

o    Sensitivity to MIFID2 requirements

    • Duration
    • 12 Months
    • Minimum level of study
    • Bachelor Degree / BSc Degree or equivalent
    • Training / Specialization
    • Graduated
      Experience of capital markets environment
    • Compétences recherchées
    • ·   Ability to work in a team environment·   Strong attention to detail·   Ability to work well under pressure.·   Dynamic individual that can use initiative.·   Strong communication skills·   Strong time management skills and ability to operate within strict deadlines
    • IT tools
    • • Knowledge of capital markets products
  • About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022). 8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North 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 market 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. For more information, please visit www.ca-cib.com Twitter: https://twitter.com/ca_cib LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/ By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.

Crédit Agricole CIB
Crédit Agricole CIB
Crédit Agricole CIB

Crédit Agricole CIB

12 Month Internship - Credit Middle Office

Published the 16/05/2024

Internship/Trainee
  • London - United Kingdom
  • Corporate & Investment Banking
  • 2024-89632

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