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12 Month Internship - Credit Middle Office Support

🏢 Crédit Agricole CIB 📍 London, England 💼 Company - Public
Currency:
£42,000 - £65,000
£3,500 - £5,417 / mo
Verified Corporate Employer (Authorized Corporate Employer)

This vacancy is published by an accredited employer with authorized corporate payroll and standard compliance adherence.

Transatlantic Cost of Living & Purchasing Power Benchmark

Verified Analytics
Location Base
London, England
Tier-1 UK Economic Zone
Est. Take-Home Pay
68% - 74% (After PAYE & NI)
Single tax filer baseline
Transatlantic Parity
1.0 GBP ≈ $1.28 USD Living Standard
Direct corporate benchmark

Position Overview & Specifications

Description du poste

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; Swaps, FRAs and Strips.
Key Responsibilities
The Credit Middle office offers dedicated support to all Credit and some Govies Trading Desks.
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

Management and reporting

The candidate will report to the Head of London Credit MO

Legal and Regulatory Responsibilities

  • Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.

Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence

    Critères de candidature
      Durée

      12 Months

      Niveau d'étude minimum

      Bac + 3 / L3

      Formation / Spécialisation

      Graduate
      Credit support function (ideally in a dealing room)Credit Events experience

      Soft skills

      · Ability to work in a team environment· Strong attention to detail· Ability to work well under pressure· Dynamic individual that can take initiative· Strong communication skills· Strong time management skills and ability to operate within strict deadlines· Must be flexible, especially during a Credit Event

      Outils informatiques

      Good knowledge of ExcelVBA programming

    Entreprise Crédit Agricole CIB
    A propos de Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) Crédit Agricole CIB est la banque de financement et d'investissement du groupe Crédit Agricole, 10ème groupe bancaire mondial en taille de bilan 2021 (The Banker, juillet 2022). Près de 8600 collaborateurs répartis dans plus de 30 implantations en Europe, Amériques, Asie-Pacifique, Moyen-Orient et Afrique du Nord, accompagnent les clients de la Banque dans la couverture de leurs besoins financiers à travers le monde. Crédit Agricole CIB propose à ses clients grandes entreprises et institutionnels une gamme de produits et services dans les métiers de la banque de marchés, de la banque d'investissement, des financements structurés, de la banque commerciale et du commerce international. Pionnier dans le domaine de la finance Climat, la Banque occupe aujourd'hui une position de leader sur ce segment avec une offre complète pour l'ensemble de ses clients. Pour plus d'information : www.ca-cib.fr Twitter: https://twitter.com/ca_cib LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
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Candidate Selection & Onboarding Process

1

Application & Resume Screening

Submit your tailored CV/Resume directly to the talent acquisition portal.

2

Technical & Competency Interviews

Virtual interviews with the hiring manager and multidisciplinary team.

3

Formal Offer & Benefits Negotiation

Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.

4

Onboarding & Corporate Integration

Equipment provisioning, team orientation, and commencement of duties.

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Hiring Organization
Crédit Agricole CIB

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Location: London, England
Eligibility: Verified Employer Direct Placement
Schedule: Company - Public
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