Derivative Operations Analyst

Your tasks

Ensure timely trade processing of Interest Rate Swaps, Cross Currency Swaps, Caps/Floors, Inflation Swaps and FX Options, from Front Office trade capture systems to the respective accounting and payment system and General Ledger.

Day to day processing of Derivatives trades, which includes confirmation and settlement of derivative products booked for all EMEA locations.

Plays a key role to ensure BAU and other daily team tasks are completed accurately, on time and to the expected standards in accordance with operational procedures. Escalates issues and challenges, reports routinely and updates management promptly

• OAD Derivative Operations is a central processing hub responsible for a broad and complex suite of regulatory obligations and derivative products.
• Provide support to Team Leader and deliver key services to front office stakeholders and outsourced locations in EMEA division.
• Ensure derivative transactions are processed by the team in accordance with Head Office rules, regulatory obligations and local procedures.
• Timely generation and completion of long form and ISDA trade confirmations, ensuring they are sent and countersigned by external customers.
• Create, check and agree rate reset notices with external customers.
• Process deals that have been cancelled and corrected by each office.
• Check details of executed option trades.
• Monitor modification queue in SAA, Montran and take appropriate action to ensure payments are released.
• Input and prepare MT103's in SAA as and when necessary.
• Monitor group email inboxes and query management ensuring all emails are managed in a timely manner.
• Collaborates with and supports the team to meet customer needs, team objectives and ad hoc tasks within defined timeframes.

Requirements

• Experience of derivatives settlements business to include Interest Rate Swaps, Cross Currency Swaps, Caps/Floors, Inflation Swaps & FX Options.
• Experience of drafting and matching derivative confirmations.
• Understanding and knowledge of the ISDA Definitions for rates derivatives products.
• Ability to draft bespoke language for non-standard products in line with the applicable ISDA Definitions.
• Experience of client interaction- chasing, affirmation, negotiation and query resolution.
• Understanding of payment formats and payment processing.
• Good communication skills, with the ability to deal effectively at many levels.
• Understanding of Operational Risk and Control.

Other

Derivative Operations Analyst · London 12 months One of our large financial clients is looking for a Derivative Operations Analyst