Job Details Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possibleJob PurposeThe Validations role is a fundamental Middle Office function that focusses primarily on the control framework of the life cycle of trades executed within Global Markets.The team is geared in the various Derivative Product knowledge (all derivative products traded across the desks which include Credit Derivatives, Structured Solutions, Interest Rate Derivatives, Equity Derivatives, Commodities, Foreign exchange and Money Markets) and also acts as an interface between the Trader and Back Office.Validations are done on all trades (internal and external) to confirm the economics exchanged Inter-desk or with Counterparties.This role is a critical element in trading. Without these functions, the risk and exposure of the trades will not be managed effectively which could result in huge adverse effects on PnL and undue operational risks, the consequences of which can result in losses to the bank or loss of actual trading business. The role is vital in exception management and without it, there is also risk of unforeseen breakdown of procedure before the final settlement of a trade.
Responsibilities + Skills
Ensure regular feedback is provided concerning strategic projects and other ongoing improvement initiatives is provided with a view to delivering on objectives according to predefined expectations.Ensure all leave requests are submitted early for planning to ensure the departments is adequately staffed.Ensure Compliance, housekeeping and audit all in order