Derivative Operations Job Description
Derivative operations
provides fixed Income, Derivatives or Foreign Exchange advice, counsel, and pricing to the Bank's business and small corporate customers.
Derivative Operations Duties & Responsibilities
To write an effective derivative operations job description, begin by listing detailed duties, responsibilities and expectations. We have included derivative operations job description templates that you can modify and use.
Sample responsibilities for this position include:
Keep up to date with regulatory, compliance and audit requirements for derivatives and communicate relevant changes to the team as it relates to processing changes
Maintaining and building excellent relationships with external clients with multiple teams across the Derivatives hubs and globally with the Middle Offices we support
Identify current and future operational needs necessary for the support and success of the ops process
Close interaction with experts from various different teams such as Technology, Projects and Trade Management
Spearhead the development of the documentation function in accordance with market standards regulatory requirements
Monitoring and co-ordination of the firm s global currency tom/next roll, liaising extensively with trading, treasury and funding groups
Experience with financial regulatory reform policies (eg
Identify and resolve trade breaks in a timely manner in order to comply with targets set by the Federal Government the Industry
Understand and process trade activity in accordance with established operations policies, procedures and client deliverables
Interact with various third party service providers, such as our middle office service provider, custodians and accountants various executing and clearing brokers
Derivative Operations Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Derivative Operations
List any licenses or certifications required by the position: CFA, RCMS, ISO, FRM
Education for Derivative Operations
Typically a job would require a certain level of education.
Employers hiring for the derivative operations job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Accounting, Economics, Business, Computer Science, Graduate, Financial Services, Business/Administration, Finance/Economics, Education
Skills for Derivative Operations
Desired skills for derivative operations include:
Derivatives
Security industry
Derivative products
Accountancy
Book keeping
Equities
Fixed income
General ledger
Industry systems like TLM
Journal entries
Desired experience for derivative operations includes:
Interact with various third party service providers, such as custodians and accountants
A good understanding of the investment industry specifically trade confirmations, derivative legal agreements, counterparty credit risk and various financial products
Acute attention to detail and understanding of downstream processes trade booking, reconciliation, and settlement and exception management
Strong PC skills across Microsoft Office and advance knowledge of Excel formula building, pivot tables and macros
Individual skills
Flexible to work overtime hours, as required
Derivative Operations Examples
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Derivative Operations Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of derivative operations. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for derivative operations
- Manage and maintain trading relationships across 30+ Derivatives brokers
- Prepare derivatives cash flow reports
- Train new IO team members in all basic functions of position requirements
- Ensure that clients' reporting is accurate and dispatched in a timely manner
- Resolve trade discrepancies with counterparties by liaising with trading and sales desks
- Perform front to back Markitwire confirmation functions
- Assess the skill level of each team member and provides technical processing query resolution as necessary
- Run end of day P&L report
- Instruct the set up of securities in core systems
- Create and maintain the Swap screens in Bloomberg
Qualifications for derivative operations
- Familiarize oneself with regulatory requirements around client margining and trade allocations
- Knowledge of financial products, especially futures and OTC
- Experience in trade support and or products supported on the OTCDCC platform
- Knowledge of OTC Derivative Client Clearing (trade support, client service, collateral, regulation)
- Managing client relationships on a day-to-day basis providing service to internal external clients
- University degree with 3+ years of relevant experience within investment banking operations
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Derivative Operations Job Description
Job Description Example
Our company is growing rapidly and is hiring for a derivative operations. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for derivative operations
- Act as a liaison with front office to ensure trades are captured and reflected in the core accounting system in a timely and accurate manner
- Check and maintain counterparty approval database with various counterparty’s for various derivative instruments to ensure trades are executed/booked with correct trading counterparts
- Ensure all trades to be cleared are cleared with the respective clearing houses within given time frames, escalate where necessary if trades are failing to clear
- Provide full post trade execution operational support to Investment staff
- Affirm all trade economics/fees with counterparties immediately after trades are executed
- Match trade novations and ensure all outstanding novations are chased through to agreement within deadlines
- Track receipt of trade confirmation documents and confirmation system entries
- Ensure all discrepancies are promptly resolved
- Check trade confirmation documents and ensure all discrepancies are identified and resolved in timely manner
- Agree collateral assets to be received / delivered
Qualifications for derivative operations
- Can organise themselves efficiently, keep track of multiple outstanding items and meet tight deadlines
- 2-3 years Microsoft Excel experience, intermediate to expert level is compulsory
- Ability & desire to work in a team-centered environment, whilst possessing the confidence to work independently
- The pace of the desk demands that you complete each task quickly and accurately
- A high degree of accuracy and a willingness to learn new products is essential
- Daily deadlines are inflexible and the candidate should be organised to ensure the team meet all deadlines
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Derivative Operations Job Description
Job Description Example
Our company is growing rapidly and is hiring for a derivative operations. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for derivative operations
- Arrange for settlement in line with appropriate deadlines
- Dispute margin and collateral calls where appropriate and ensure discrepancies are resolved promptly
- Knowledge of equity swaps product and process
- Developing relationships with the stakeholders for the program, understanding the priorities of these stakeholders and ensuring that the program meets the needs of the business
- Oversee team responsible for reconciling positions and cash on a daily basis for multiple brokers
- Engage in daily interaction with traders, prime brokers, trading desks, legal team, fund accounting, and internal IT to resolve issues
- Play an integral role in further development of internal systems and workflow
- Monitor dividend and corporate action bookings and settlements with broker(s)
- Oversee and implement third party administrator for selected funds
- Oversee and review monthly back up for position reconciliation for admin and audit purposes
Qualifications for derivative operations
- Strong team management skill including experience in leading teams
- Demonstrates strong interpersonal, team work and communication skills
- Advanced MS-Office knowledge ? especially Excel Macros & Vlookup
- Willingness to work in early Asia shift (6.30 AM or earlier)
- High degree of competency in Object Oriented Analysis and Design
- Solid understanding of Design & Architecture Patterns
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Derivative Operations Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of derivative operations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for derivative operations
- Oversee economic detail confirmation for Options, Variance Swaps, Volatility Swaps and IRS products
- Work closely with other team members to improve the efficiency of the group as a whole
- Accountable for inputting legal and derivative data into the DECO system, dealer ratings, minimum transfer amounts and eligible collateral terms
- Manage daily derivative margin calls
- Develop and maintain monthly financial management reports
- Help with interest rate risk management analysis
- Analysis of Financial Results for presentation as Management Reports and public presentation
- Ability to identify areas that need additional analysis and explanation
- Drafting, reviewing and negotiating of structured and derivative confirmations
- Understanding key regulatory changes that impact derivative operations
Qualifications for derivative operations
- Prior experience drafting experience in a supervisory capacity is required
- Preferred to have team lead / managerial experience
- Demonstrates awareness of Control and Risk requirements
- Hands on experience Spring/Hibernate/DB2
- Knowledge of Derivative Instruments, Trade flow and Reporting
- Understand Over the Counter "OTC" cleared products
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Derivative Operations Job Description
Job Description Example
Our company is hiring for a derivative operations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for derivative operations
- Analyze derivatives settlement processes and produce professional workflow and status diagrams for presentation and discussion
- Participate and execute on global cross Derivatives Operations Control initiatives including driving Quality Assurance testing agenda, Ops Risk Initiatives, deep dives and proactive risk mitigation analysis
- Performing daily processing focused around counterparty credit risk, OTC trade confirmation, and the operational functions required to comply with and handle a wide scope of derivative legal agreements and regulatory protocols
- Interacting with various third party service providers, such as custodians and accountants
- Supporting current business initiatives within the team
- Role will focus on trade terms, derivative confirms and master confirmation agreements
- Knowledgeable on the 'rules of the road' relating to Margin and Client Money
- Strong product skills within Clearing Ops but 'product literate' across other businesses
- Can contribute independently to automation or enhancement initiatives
- Be a change agent and drive the direction of the group strategically by improving the efficiency and control aspects of Clearing, Client service, Reconciliation and Control functions
Qualifications for derivative operations
- Ability to organize your time and complete each task on time will be a key factor in determining your suitability for the role
- Possess a high degree of accuracy and a willingness to learn new products is essential
- Operation of Trend, STIX, STS, E-ticket and Mainframe and any future systems
- Ability to be in constant communication with the front office, clients and many departments within the bank
- Investment management concepts
- Major in Finance or Business with finance coursework with derivative class a plus