Operations Derivatives Job Description

Operations Derivatives Job Description

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Operations derivatives provides expertise and leadership to the team with regard to knowledge of OTC (Over The Counter) derivative products.

Operations Derivatives Duties & Responsibilities

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

Sample responsibilities for this position include:

Borrowing base review and collateral monitoring
Cash reconciliation supporting various asset servicing responsibilities
New deal closings including trade settlement (secondary and third party)
Reviewing and interpreting legal documentation
Risk mitigation, ensure economic trade details are booked correctly in risk systems post trade execution
Deliver client service excellence through consistent, proactive and professional communication
Close interaction with experts from various teams such as wider Operation teams, Technology, and GS sales/trading to resolve issues
Work closely with other team members and management to achieve both industry and internal targets
Directly interacting with the Firm?s clients both internally and externally to mitigate risk for the firm and our client base
Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world

Operations Derivatives Qualifications

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

Licensing or Certifications for Operations Derivatives

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

Education for Operations Derivatives

Typically a job would require a certain level of education.

Employers hiring for the operations derivatives 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 Operations Derivatives

Desired skills for operations derivatives include:

IB funds transfer policy would be an advantage
VBA and Macros
Similar background
OTC Derivative products
Demonstrated previous desire to learn these products
TSSFX would be useful as would Athena and IRFE
Derivative Products
Excel
Internal and external workflow systems and best practices
Products and the exchange rules covered by the team and is aware of the functions of the global business

Desired experience for operations derivatives includes:

Maintaining information flows between deal and federation teams to track the timing and progress of primary origination deals, ensuring that procedures for regulated entities are adhered to and the Federation approvals are obtained prior to signing a Commitment Letter/Credit Agreement
Working in close partnership with the deal teams to determine the optimal settlement method for primary syndicated loans
Drafting, reviewing & negotiating settlement documents (including trade confirms & transfer certificates)
Liaising with Legal, Compliance, Credit, Trading Desks, Agency and Servicing teams to ensure necessary approvals are obtained, pricing/cashflows are agreed and that trades are settled within our system
Minimum 4 years bank loans (primary and/or secondary) experience
Working with the trade support team, trading/sales desks to resolve economic and language discrepancies for paper Confirmations

Operations Derivatives Examples

1

Operations Derivatives Job Description

Job Description Example
Our innovative and growing company is looking for an operations derivatives. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for operations derivatives
  • Reconciliations of positions, trades and cash to CCPs
  • CCP/Intercompany margining
  • Internal reconciliations to downstream systems
  • Adhering to compliance and regulatory limitations internal controls and procedures
  • Provide physical trade confirmation
  • Margin monitoring, payment processing and management of client margin calls
  • Daily Reconciliation of Futures accounts and Bank accounts
  • Management & Regulatory reporting
  • Perform day-to-day Listed Option and Futures processing, including reconciliations, option premium balancing, asset servicing events, collateral management, and exercise, assignment, and expiration events
  • Monitor real-time trading to limit client and firm exposure to counterparties
Qualifications for operations derivatives
  • Coordinating with Settlement and Confirmation teams to provide information and resolution to payment and documentation issues
  • Participating in ongoing development of the Global Logistics team procedures & processes required to support our developing business
  • Project Management to facilitate trading in a new jurisdictions, including external interfaces and internal IT systems
  • Liaising with Legal, Compliance, Credit, IT, Tax & relevant external bodies as issues arise
  • Able to suggest & implement innovative ideas to complement & develop new processes as they evolve with the business
  • Form partnerships with the sales and operations staff supporting the business
2

Operations Derivatives Job Description

Job Description Example
Our innovative and growing company is looking for an operations derivatives. 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 operations derivatives
  • Partnering with internal teams such as Trading & Sales management, Technology and Change management
  • Liaising with senior stakeholders on project statuses
  • Partner commercially with internal groups (Sales, Trading, Legal, and Compliance) to draft and execute confirmations, including structured transactions
  • Affirm the trade economics with counterparties to mitigate risk
  • Ensure trades are getting confirmed with counterparties within regulatory timelines
  • Use your inquisitive mind set to identify efficiency opportunities with respect to process flow methodology enhance scalability
  • Leverage your quantitative skills to decompose complex regulatory and operational process requirement, and propose creative, robust solutions
  • Coordinate and execute Risk and Controls Self Assessments (RCSA) in partnership with the function owners in the Operating Units
  • Partner with internal operational contacts to conduct operational reviews and deep dives on potential control gaps
  • Manage relationships with internal and external audit partners and supervise the co-ordination of the semi-annual SSAE16/SOC 1 External Audit and any scheduled Compliance and internal Audit reviews, ensuring timely escalation of any concerns or potential issues to Senior Management
Qualifications for operations derivatives
  • Communicating collateral calls to calls to clients
  • European languages a distinct advantage but not critical
  • Ability to gain a strong understanding of the business and work with Prime Brokerage, Marketing, Structuring, Trading and Sales
  • Minimum 1.5 years Derivative Middle Office or settlement experience
  • Possess Microsoft office skills
  • Fluency in written and spoken Korean and English is required
3

Operations Derivatives Job Description

Job Description Example
Our company is searching for experienced candidates for the position of operations derivatives. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operations derivatives
  • Identify and monitor high value payments and CLS related receipt
  • Identify potential issues in advance, source a solution and implement change
  • To identify system faults, suggest enhancements and work to implement improvements
  • UAT Project Work and Client testing UAT planning and execution
  • Drafting vanilla OTC Derivative trade confirmations
  • Issuing other critical client notifications such as corporate action events
  • Liaising with our internal partners to ensure the firm?s regulatory obligations are met
  • Miscellaneous adhoc strategic initiatives including project work and metric creation / reporting
  • Develop and enhance reporting on project book of work, including working with the global lead to produce metrics to present progress on both items delivered and work outstanding
  • Develop capacity planning across the four global sites to plan future work
Qualifications for operations derivatives
  • Proven skills on process improvements identification and implementation
  • A strong team player who is able to work efficiently & effectively under pressure and to tight time scales
  • 2+ years in the physical commodity industry, preferably in a physical documentation role, but not required
  • Strong knowledge and understanding of EMIR regulatory changes including Central Clearing & trade reporting
  • Knowledge of commodity ISDA is preferred
  • Knowledge of Physical commodity documentation will be an added advantage
4

Operations Derivatives Job Description

Job Description Example
Our company is growing rapidly and is looking for an operations derivatives. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operations derivatives
  • Drive , manage and execute the control agenda across the various teams that make up the 3rd Party Operation
  • Partner to coordinate and facilitate any audits/reviews with external audit including semi annual SSAE16/SOC1 reviews
  • Manage the execution of local Business Continuity process
  • Drive the execution of department Control Self Assessments (RCSA)
  • Oversight and execution of Quality Assurance Program / Testing Programs
  • Facilitate a Control Training Agenda across the operation
  • Lead local and global Control forums with senior stakeholders and business partners
  • Drive the control agenda specifically across Collateral Services
  • Manage relationships with internal and external audit partners and supervise the co-ordination of any SSAE16/SOC 1 or other External Audit and any scheduled Compliance and internal Audit reviews, ensuring timely escalation of any concerns or potential issues to Senior Management
  • Assist in driving Quality Assurance testing agenda
Qualifications for operations derivatives
  • Knowledge of bank loans closing (primary and/or secondary)
  • Minimum of 5 years’ Operations experience, within the Derivatives department
  • Thorough working knowledge of the ISDA definitions
  • Knowledge of new regulatory requirements including EMIR
  • Demonstrable consistency and progression in previous roles
  • Affirmation and execution of ISDA trade confirmation paper and electronically confirmed
5

Operations Derivatives Job Description

Job Description Example
Our growing company is looking to fill the role of operations derivatives. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operations derivatives
  • Gather KPI data for review by senior management
  • Make sure all staff is properly on-boarded and off-boarded
  • Trade Capture of Derivative trades from TPDP clients
  • Upload market values for
  • Managing IX and FARA queues for transaction errors
  • Execute the day to day functions of the Delaware Derivative Operations Control team
  • Execute the control agenda across the Operations in the Delaware hub
  • Develop relationships with internal and external audit partners
  • Partner to coordinate and participate in regular audit reviews with both internal and external audit
  • Execute the Delaware Derivative Ops Business Continuity process
Qualifications for operations derivatives
  • Possess a Bachelor degree in Finance, Business or Economics
  • Prior experience working in Prime Brokerage Operations for a Global Investment Bank
  • Risk & Control focussed, with examples of involvement in implanting new strategies and frameworks
  • Proven success in recognising changes needed and implementing more efficient processes
  • Proven track record of consistency and progression in previous roles
  • Operates with a strong Client Service focus whilst maintaining a healthy Risk & Control focussed organization

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