Derivatives Operations Job Description

Derivatives Operations Job Description

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Derivatives operations provides back office trade support functions such as new security set ups, trade confirmations, settlements, clearance and reconciliations for Derivatives products.

Derivatives Operations Duties & Responsibilities

To write an effective derivatives operations job description, begin by listing detailed duties, responsibilities and expectations. We have included derivatives operations job description templates that you can modify and use.

Sample responsibilities for this position include:

Investigation of DTCC alleges (where client has uploaded confirmation to DTCC)
Prepare and review OTC Derivative Trade Confirmations across Credit Derivatives, Interest rates or Foreign Exchange product areas
Drafting Confirmation
Liaise with Core Operations groups such as Trade Management, Income & Expense, Central Accounts Group and Control to resolve queries
Educate key stakeholders on program execution milestones through PowerPoint presentations, conference calls and email notifications
Manage regional staff of approximately 15 individuals accountable for functional performance of teams in India (10+ FTE)
Close interaction with experts from various different teams such as Technology, Middle Office and Trade Support
Actively involved with idea generation and implementation of creating efficiencies within the team to support regulatory changes new client and business requirements
Interaction with ED Trading & Sales, ED Trade Processing and Control teams, and Prime Brokerage Reps to resolve client
Support internal Business Groups through back-office servicing of a portfolio of corporate loan positions

Derivatives Operations Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Derivatives Operations

List any licenses or certifications required by the position: QBO, QCS, EUREX, APICS

Education for Derivatives Operations

Typically a job would require a certain level of education.

Employers hiring for the derivatives 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, Business, Economics, Education, Management, Business/Administration, MBA, Legal Studies, Financial Services

Skills for Derivatives Operations

Desired skills for derivatives operations include:

Microsoft Office
Financial products
Derivative products
Derivatives
DTCC
Similar background
Aladdin
Cleared and Exchange-traded products
Complex security types
Derivatives products and investment processes

Desired experience for derivatives operations includes:

Experienced in drafting ISDA Confirmations and reviewing structured products across asset class
Able to operate autonomously, managing complex projects and functions with minimum management oversight, but knows when to engage management appropriately and timely
Ability to fully understand complex transactions and proactively develop product knowledge
Documentation drafting for Fixed income products including Interest Rates Swaps (IR), Credit Default Swaps (CDS), Structured Foreign Exchange (FX) and Asset Swaps(Ascots) based on ISDA definitions, Risk bookings and client agreement
Working with the regional client service team, trade support team, front office and legal to resolve economic and language disputes on paper confirmations
Achieving weekly / monthly targets

Derivatives Operations Examples

1

Derivatives Operations Job Description

Job Description Example
Our innovative and growing company is hiring for a derivatives operations. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for derivatives operations
  • Draft and review ISDA confirmations for all Fixed Income Derivative products
  • Interface with management on key risks impacting the firms derivatives reporting
  • Work closely with the Derivatives operational function the senior managers within the operations group driving out this model
  • To provide subject matter expertise on OTC Equity Derivative Products, associated lifecycle events and front to back operational processing
  • Lead and participate in enhancement projects with Technology, with an aim to improving scalability and efficiency of the confirmation process
  • Monitor trade executions and ensure all executions are reconciled
  • Affirm trade and cash settlement details with clients both verbally and in writing in Korean
  • Coordinate the execution of legal contracts
  • Monitor risk control reports and resolve exceptions through to completion
  • Daily interaction with Traders, Sales, Technology and other departments to resolve any issues
Qualifications for derivatives operations
  • Knowledge of bank loans closing, corporate actions, servicing or other operations areas is preferred
  • Knowledge of Excel (formulas, v-lookups, pivots) and Word
  • Risk mitigation and escalation skills for ever-increasing complexity of bank loan/investment structures
  • Involvement in Confirmation projects and renovation work and attend document meetings related to the Confirmations Issues
  • Assist with MIS Reporting
  • Because of the time-sensitive nature of the trading business, they should be prepared to work in a high intensity environment and occasionally work overtime when necessary
2

Derivatives Operations Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of derivatives 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 derivatives operations
  • Timely submission and reconciling of transactions confirmed through electronic platforms including DTCC and SwapsWire
  • Balance internal client and firm positions to Clearing Houses
  • Identifying risks with respect to booking methodology deficiencies discrepancies with the legal trade documentation
  • Manage local team of business analysts to ensure progress on regulatory remediation initiatives
  • Oversee analysis of issues raised through regulatory inquiries and work with Compliance to ensure a timely response
  • Daily interaction with Traders, Sales, Technology, Legal and other Operational departments to resolve discrepancies
  • Understand, document and implement operational flows as agreed during onboarding process
  • Manage Reporting and Monitoring team to ensure all daily functions are completed and open risk is mitigated
  • Drive identification and implementation of efficiencies into team daily functions
  • To play a key part in creating requirements and design solutions in regards to future Regulatory obligations and Industry related projects
Qualifications for derivatives operations
  • Liaising with transportation and storage facilities to ensure timely delivery, while managing any intraday issues related to it
  • Negotiating rates and fees with vendors
  • Advising Trading & Sales teams regarding optimal booking methodology to have risk reflected correctly
  • Reconciling inventory between internal systems and the relevant storage facilities
  • Ideally 2-3 years industry experience
  • At least 3.5 years of work experience in Operations or related field in Banking or Commodities operations
3

Derivatives Operations Job Description

Job Description Example
Our growing company is looking to fill the role of derivatives operations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for derivatives operations
  • Representation on IB wide meetings - metrics, IB central control meetings and other sub-committee meetings
  • Liaison with the business teams to identify clients’ needs and alternatives of executing trades according to the local market regulation
  • Resolve issues/disputes with counterparts
  • Client & regulators/clearing houses interaction
  • RCSA Action Plan monitoring and reporting
  • Rollout of global policies to DCO locations and provide interpretation and best practice
  • Control Awareness Training on a regular basis
  • Privacy Breach Reporting and Monitoring
  • Regular MIS around Control Tracker items
  • Adhoc Control Initiatives when required
Qualifications for derivatives operations
  • 2 years of Documentation or Trades Processing experience, ideally within Commodities
  • Graduate with a minimum of three years investment banking operations experience
  • Minimum 1-2 years of work experience in operations or related field
  • Ability to handle a fast paced environment making effective decisions
  • Candidates must possess a college degree from an accredited university
  • Technical Skills - Strong analytical and problem solving skills, pays attention to detail and demonstrates appropriate
4

Derivatives Operations Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of derivatives operations. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for derivatives operations
  • Work with individual project managers to correct tracking and presentation of projects
  • Review financial costs of delivering change, in both Operations and Technology to determine cost to implement
  • Work with internal stakeholders including Operations & Tech Management, Product and Client Service community to track work items
  • Regional Exchange Clearing is performed in accordance with local regulatory requirements
  • All positions are maintained accurately both at the exchange and within the internal clearing system
  • All exercise and assignment notices are correctly processed as per the published deadlines
  • Provide outstanding leadership and development coaching for a team of highly skilled and motivated professionals
  • Resolution of income, PnL, corporate action and trade breaks
  • Producing and analyzing valuation movements within client portfolios on a daily basis
  • Work with VCG Product Development team in London regarding New Instrument Development
Qualifications for derivatives operations
  • Cross product experience
  • Minimum 3 years working in finance
  • Proven skills on process improvement identification and implementation
  • A flexible, proactive, energetic approach
  • A strong team player who is able to work efficiently & effectively under pressure and to tight timelines
  • A highly confident, mature and professional approach to all work undertaken
5

Derivatives Operations Job Description

Job Description Example
Our growing company is looking to fill the role of derivatives operations. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for derivatives operations
  • Acts as point of escalation and provides guidance to team members and business partners
  • Facilitate continuous process review and improvements and pro-active management of the change process
  • Economic affirmation, chasing and drafting of trade confirmations
  • Ensure timely support of trades and swift resolution of client issues
  • Ensure work is being done timely and accurately in each team
  • Help process larger client deliverables daily
  • Monitor Exception flows and provide approvals for EOD officer sign-off's
  • Help build requirements for technology changes/updates including testing and implementation
  • Help train new staff
  • Provide subject matter expertise in process and product
Qualifications for derivatives operations
  • Prior experience using Java, MySQL and advanced Excel
  • Highly motivated and enthusiastic individual who demonstrates the ability to work in a high volume, fast paced environment while constantly promoting teamwork
  • Degree Educated in a relevant subject matter
  • 3 years of professional work experience in financial services operations
  • Experience with exchange traded commodities products across the various exchanges (CME, CBOT, .)
  • Understanding of Physical Commodities specifically, Coal, Crude Oil, Uranium, Freight, Base Metals, Oil and/or Precious Metals

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