IRD Exotic Trade Support Analyst
Contract: 6 months (Opportunity for long-term engagement)
Rate: Competitive
Location: London (50% office attendance required)
Sector: Investment Banking, CIB – Operations (Product Control – Trade Support)
About the Role
We are hiring an IRD Exotic Trade Support Analyst to join a high-performing Product Control team within a leading global investment bank. This role sits within the Trade Support function, providing critical front-to-back operational support across complex interest rate and FX derivatives.
You will play a key role in ensuring accurate trade capture, validation, and reconciliation across systems, while partnering closely with Front Office, Risk, and Operations teams to support business-critical trading activity.
Business Overview
The organisation is a globally recognised leader in Corporate & Institutional Banking, delivering capital markets, securities services, financing, and advisory solutions to corporate and institutional clients worldwide.
The Product Control function is responsible for validating financial performance, ensuring valuation accuracy, and maintaining a robust control framework across trading activities. Trade Support specifically focuses on monitoring transactions and ensuring integrity across the front-to-back trade lifecycle.
Key Responsibilities
- Manage the end-to-end trade lifecycle, ensuring accurate flow from Front Office systems to back-office platforms
- Perform trade booking and amendments across workflows such as MAD and STP processes
- Validate trade representation and ensure alignment between systems (e.g., Front Office vs Murex)
- Conduct reconciliations and investigate discrepancies across trade attributes (PV, rates, cashflows, fixing dates)
- Monitor trade blotters, ensuring timely allocation and processing of transactions
- Liaise with Front Office, Middle Office, P&L, and confirmations teams to resolve issues and reduce operational risk
- Handle queries related to booking discrepancies from internal stakeholders and clients
- Support options lifecycle processes (expiry management, confirmations, processing)
- Contribute to system enhancements, issue resolution, and IT change requests
- Participate in strategic and transversal projects across Product Control
- Assist in training and onboarding junior team members.
Products Covered
- Exotic Interest Rate and FX Derivatives
- Exotic Options
- Inflation-linked products
- Structured and hybrid derivatives (Credit/FX)
- Balance Guaranteed Swaps
Skills & Experience
Essential
- Strong understanding of trade lifecycle and financial products, particularly derivatives
- Experience with trade processing, validation, and reconciliation
- Familiarity with trading systems (e.g., Murex, MarkitWire, STAR, or similar)
- Excellent analytical skills with high attention to detail
- Strong time management and ability to prioritise in a fast-paced environment
- Effective communication and stakeholder management skills
- High level of professionalism and adaptability
Desirable
- Exposure to exotic derivatives or structured products
- Experience within Product Control, Trade Support, or Middle Office
- Knowledge of valuation concepts (e.g., P&L, PV validation)
- Involvement in system or process improvement initiatives
Competencies
- Strong organisational and analytical capability
- Results-driven with a focus on accuracy and control
- Ability to work collaboratively across global teams
- High degree of motivation and accountability
- Adaptability to changing priorities and workload volumes
- Commitment to continuous improvement and operational excellence
…