Derivatives Operations Job Description
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:
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:
Desired experience for derivatives operations includes:
Derivatives Operations Examples
Derivatives Operations Job Description
- 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
- 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
Derivatives Operations Job Description
- 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
- 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
Derivatives Operations Job Description
- 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
- 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
Derivatives Operations Job Description
- 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
- 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
Derivatives Operations Job Description
- 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
- 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