Associate - London

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  • Posting Date: 20-11-2019
  • Vacancy number: 23615
At a glance

ABN AMRO Clearing Bank N.V. (AACB) is a leading global player in clearing and clearing related services. We provide professional clients access to financial markets around the globe. By working together we are responsible for processing approximately 15 million transactions per day meaning that AACB consistently ranks among the top three clearers in every time zone, based on turnover and market share. Given the rapidly changing world around us we are continuously looking at enhancing our processing and investing in innovative solutions to make sure that our clients’ needs are centre stage. What do you see when you envision the next step? Do you want to work on achieving your goals and developing yourself both professionally and personally? Tell us your story, we want to hear it!

Your job

AACB’s Operations in London specialise in the post-transaction management of both exchange traded and OTC derivative positions. Key processes include Client query handling, trade allocation, trade matching and market reconciliations, cash and position reconciliations, regulatory reporting, corporate actions and invoicing. Additionally, Operations UK manages the physical and cash delivery of a wide range of derivative products including, commodities, currencies, debt instruments, and emissions. Derivatives Clearing Operations is comprised of four distinct groups. 

  • Client Operations – manages trade related client queries, monitors real-time CCP reconciliations, and is responsible for trade allocation, break resolution, and give ups.
  • Trade Processing - services client positions and brokerage invoicing, releases regulatory reports, and manages derivative settlements and physical deliveries.
  • Control – performs post-trade date reconciliations of trades, positions and cash.
  • Operational Change Support – serves as the central point of contact for the promotion, tracking, and user acceptance testing of software and market related changes, inclusive of new development, enhancements to existing software, and bug fixes.
Your working environment

ABN AMRO is a Dutch Bank offering a full range of services to retail, private, commercial and merchant banking clients. We are also active internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing. The culture we aim for within the Bank is one in which we strive to strengthen our clients’ position. Our success is based on our  client’s success. We want clients to perceive us as a trusted partner, professional and ambitious - our core values. At ABN AMRO UK we follow the Banks global strategy. We always aim to put our customers first and to create sustainable, long-term value for all our stakeholders – customers, shareholders, employees and society at large; it is our people that we rely on to help us achieve this ambition. We concentrate on our strategic priorities:Client focusInvest in our futureMaintain a moderate risk profileSelectively grow our businessesImprove profitability ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK:Corporate and Institutional Banking – which includes  Corporate Banking, Clearing Global Markets - Sales & Trading, Escrow & Settlement, and Financial InstitutionsCommercial Banking which includes Asset Based Finance and International Desk, which provides transactional banking services
 Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (Including Tax), Business Management and Human Resources. We currently employ approx. 380 individuals in the UK.

Your profile

Core Activities

  • Client query handling
  • Reconciliation break resolution and analysis
  • Trade flow exception handling
  • Middle office system administration
  • LME matching
  • Broker give-up take up processing
  • Work closely with our peers globally ensuring a streamlined process in regards to back to back business. Schedule and attend all calls as appropriate, and drive the follow the sun process.
  • Accountability of mandatory courses for respective team
  • Drive and facilitate process improvement within the respective team
  • Stand in absence of the team leader
What we offer

Opportunity to work in a dynamic environment, where flexibility is highly appreciated. We encourage you to grow and develop as a person and as an employee.

Interested?

Are you interested?   Please apply via the button below.For more information please contact Niki Champion, Senior Resourcing Partner, UKrecruitment@uk.abnamro.com, +44 203 192 9342.