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Senior Derivatives Analyst
INVESCO Asset Management
Houston, TX, United States
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Description
Invesco is a leading global asset management firm with more than $937B* in assets under management. We provide our retail and institutional clients a diverse and comprehensive range of investment capabilities to help people get more out of life. Invesco is publicly traded on the New York Stock Exchange (IVZ) and has about 7,000 employees in over 20 countries.
(*As of December 31, 2017)
Job Purpose (Job Summary):
Under limited supervision, takes a leading role in providing support for derivatives operations activity at Invesco. Responsibilities include trade processing, clearing, collateral, lifecycle management, reconciliation, and regulatory reporting including oversight of third-party vendors. This role exercises independent judgment while researching and resolving time critical inquiries and risk sensitive issues. Serves as a point of escalation for daily operational and front office issues. Provides training and assistance to other team members. The incumbent is expected to possess a strong working knowledge of derivatives and develop an advanced level of derivatives insight. Proactively builds, and develops relationships with internal and external business partners and works within a continuous improvement and risk mitigation culture.
Key Responsibilities / Duties:
• Operations:
• Leads in providing timely and accurate business support for all derivative trade activity, life cycle management, and settlements including third-party messaging to custodians, fund accounting agents and other interested parties
• Participates in the enablement of legal documentation, and Affirms/Confirms trades utilizing various internal and external applications
• Monitors various technology applications ensuring all trade flow activities are processed accurately and timely throughout the derivative trade lifecycle
• Liaises with front office, brokers, custodians, vendors, clients, and internal departments to resolve any derivative trade, lifecycle, and reporting related issues or inquiries. Monitors, troubleshoots, and resolves all trade fails.
• Serves as a point of escalation for daily operational issues.
• Performs oversight of vendors for any out-sourced derivative activities and processes, including trade capture, confirmation, settlement, variation margin, reporting and collateral
• Utilizes internal, custodian, fund accounting, and other third-party systems to resolve inquiries and exceptions
• Supports and substantially contributes to internal and external projects, testing, regulatory reporting requirements, client and audit requests
• Maintains and updates all respective procedures and adheres to standard archiving policies
• People:
• Provides training, guidance, and assistance as required to other team members regarding best practice, product oversight and daily requirements
• Industry/Regulation:
• Expected to participate in and continually develop an understanding of the derivative industry, technologies, and regulatory environment. Attend internal service, committee and working group meetings as required.
• Leads or participates in special projects to support the department as required
Qualifications
Work Experience / Knowledge:
• Must have at least 3-5 years working experience in the investment industry
• Extensive working knowledge of exchange traded (ETD), cleared, and over the counter (OTC) derivatives, collateral, and life cycle events
Skills / Other Personal Attributes Required:
• Excellent interpersonal and relationship skills necessary to maintain productive relationships and interact effectively with a variety of individuals, teams, and vendors across different business functions
• Ability to work and collaborate in a team environment, demonstrates an elevated level of problem solving skills and an attention to detail
• Must demonstrate the ability to make quick decisions, establish priorities and at times work in a fast-paced environment. This includes the ability to handle time critical situations while meeting deadlines.
• Must have the ability to analyze numerical data, including a strong working knowledge of Microsoft Excel and PowerPoint, and be able to work within a continuous process improvement culture.
• Ability to participate and substantially contribute to a project team
Formal Education:
(minimum requirement to perform job duties)
• A Bachelor’s Degree in accounting, economics, finance, math or related field or a combination of education, training and industry experience that provides the required knowledge and skills
License/Registration/Certification:(minimum requirement to perform job duties)
• None required
• A willingness to continue professional development and industry relevant training
• Attained the IOC - Investment Operations Certificate
Working Conditions:
• Normal office environment with little exposure to noise, dust, and temperatures
• Normally works a regular schedule of hours; however, hours may vary depending upon the project, assignment, or daily trade activity
• Hours may occasionally include evenings, weekends, and/or public/exchange holidays
• Limitations to vacation request due to business requirements
FLSA (US Only):Nonexempt
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.