12 Month Internship - FX Middle Office Support

You will be required to perform FX Vanilla and Linear MO tasks. Typical tasks include:

· Check all Reuter’s conversations for the trading desk the team is supporting for manually entered Reuters deals.

· Carry amendments in FO position keeping system in a controlled manner.

· Carry out a systemic P/L check in order to communicate any p/l changes to traders the team is supporting.

· Check for breaks in OT blotters

· Monitor C+R activities reports in Sigma.

· Participate in checking daily task during the Day.

· Validate trades with confirmation or Reuters supports and checking the accuracy of the input.

· Check the exhaustiveness of trades manually input and internal trades in Orchestrade and Murex FCO.

· Prepare FX Dalay Funding

Structured Products MO responsibilities:

Trade validation and controls in Murex FCO for Structured Products

You will be required to assist in validation for all trades input by the Structuring desks in Paris and London in Murex FCO. Including checking static data and using Term Sheets to recreate the structured payoffs to reconcile the recreated payoff against the booking in the Blotter of the Structuring Desk and in the FO trading system.

Trade inputs

Booking of Flexiterme partial exercises, TRF events.

Trade Event management (Barrier, Expiry)

Calculate and perform the expiries and validate them in the trading system.

Monitor and perform (with FO approval) the barriers events.

Ensure the exhaustiveness of the events bookings by the FO structured desks and chase them until all the events are properly booked.

ABF and TRF events. Ensure the booking of spots for all type of TRF and inform or confirm with sales to notify customers.

Ensure the accuracy of the expiries in Murex FCO

Trade events and fixings monitoring.

Common responsibilities that the intern will assist with

Trades amendment and queries / investigations

Following requests from FO from other departments perform amendments after trader/structurer approval. Perform a systematic P/L check in order to communicate any P/L change to the trader. Maintain mailbox queries and respond in a timely manner.

Resolution of trade booking differences

Investigate daily breaks shown on the reconciliations for structured products.

Investigate queries raised by BO on client trade booking/settlement issues

Legal and Regulatory Responsibilities

Comply with all applicable legal, regulatory and internal Compliance requirements