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FX Middle Office Analyst II

Company: SVB Financial Group
Location: Palo Alto
Posted on: June 7, 2021

Job Description:

Silicon Valley Bank serves some of the most innovative companies in the world. Our clients are forward thinkers. True believers. Optimists. Inspired by them, we're changing the face of banking. Our clients have redefined products in many areas of the global economy, and every day we power their ability to do so. And we need leaders with the same can-do attitude as our clients. We're looking for creative thinkers who want to challenge the status quo and create a truly seamless digital banking experience on a global scale.

Reporting into the FX Product Division, the FX Middle Office Analyst II will support the FX sales and trading desks through execution of business-critical controls related to pricing, credit and regulatory reporting. This role assists the business by streamlining processes, implementing forward thinking technology solutions, helping to manage risk, and supporting trade execution and client support.

The role of the FX Middle Office Analyst includes the following responsibilities:

  • Manage the credit set up process and upstream and downstream impacts for Capital Markets Products, Credit Exposure Monitoring for Clients and Counterparty Banks, escalation of credit breaches
  • Regulatory Reporting; Responsible for ensuring the successful reporting of all eligible trades and producing various reports incl. Swap exposure reports, DFA reports, LEI monitoring
  • Client On-boarding; Working closely with Sales/Trading on onboarding and set up of clients onto various trading platforms. Issuance, management, and resolution of issues related to the legal documentation for FX onboarding.
  • Internal Controls, ensuring following of the procedures, KPIs and KRIs, sample testing
  • Pricing; Setting up client margins and core rates in various systems and trading platforms, governance of pricing, daily/weekly/monthly pricing reconciliations and escalations of breaches
  • Trade Support: Performing lifecycle events on trades booked such as NDF fixings, option expiry and cancel/amends
  • Management and resolution of general queries
  • Participate in multiple ongoing projects related to both growth and stabilization initiatives giving SME knowledge of Middle Office functions

#LI-FA1

  • Preferred bachelor's degree and 1-3 years related professional experience in a relevant area (Middle Office, FX, Rates, Capital Markets).
  • Must have strong knowledge of FX markets and other products including Rates and Credit
  • Thorough understanding of the transaction lifecycle in FX
  • Working knowledge of pre-settlement and settlement risk in FX
  • Thorough understanding of how FX transactions are priced and how liquidity is sourced
  • Regulatory reporting knowledge in the key jurisdictions that SVB operate
  • Strong knowledge of MS Office
  • Excellent communication skills in all mediums and to all levels of stakeholder
  • Strong numeracy skills
  • Attention to detail
  • Ability to multi-task effectively in a very fast paced environment
  • Aptitude to follow process and procedure
  • Critical thinking with an awareness of the right time to question/challenge
  • Ability to project manage small team tasks through to completion
  • High proficiency at operating independently and within a team environment

Keywords: SVB Financial Group, Palo Alto , FX Middle Office Analyst II, Other , Palo Alto, California

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