Derivatives Operations Associate

The purpose of the Derivatives Operations Associate is to ensure BAU and other daily team tasks are completed accurately, on time and to the expected standards in accordance with operational procedures. You will also need to escalates issues and challenges, reports routinely and updates management promptly.

Client Details

The huge financial services bank based in the City of London is a Japanese bank with nearly $2 trillion dollars in total assets. They have several arms within their business.

Description

The key duties the Derivatives Operations Associate must carry out are:

• Accountable for the timely and accurate completion of margin calls, portfolio reconciliations and associated tasks, ensuring that all regulatory and contractual obligations are fulfilled.
• Provide cover for Derivative Settlements when required to do so.
• Facilitate relationships with counterparts and internal stakeholders to promote quality of service, ensuring the timely escalation and resolution of issues and queries.
• Assist with the maintenance and review of desktop procedures relating to day to day processes and administer updates via the policy and procedures database on a periodic basis in order to comply with bank policy.
• Proactively puts forward ideas to improve the efficiency and effectiveness of tasks for which they are accountable
• Assist with UAT as part of new system upgrades and development. Escalate any issues identified and follow through to remediation.
• Ensure bank policy and best practices are rigorously followed and adopted as part of the overall framework.
• Ensure full compliance of applicable EMIR and MiFIR regulatory obligations.

Profile

The requirements for the Derivatives Operations Associate are:

• Previous experience in a related role.
• Good working knowledge of Excel, capable of manipulating financial data.
• Self motivated, energetic, flexible and collaborative.
• Knowledge of ISDA documentation and CSA Agreements.
• Knowledge of Global Master Repurchase Agreements (GMRA).
• Knowledge of EMIR and pertinent regulation applicable to role.
• Knowledge of Derivative Settlements.
• Experience of 'User Acceptance Testing' (UAT).

Job Offer

The salary on offer is between £40,000 and £45,000 plus bonus and full benefits package

Excellent culture, study support, collaboration and culture