At a Glance
- Tasks: Join a dynamic team managing complex derivative transactions and regulatory obligations.
- Company: Be part of a leading financial services firm in London, driving innovation in derivatives operations.
- Benefits: Enjoy hybrid working, flexible hours, and opportunities for professional growth.
- Why this job: Make an impact in a fast-paced environment while collaborating with diverse teams.
- Qualifications: Experience in derivatives settlements and strong communication skills are essential.
- Other info: This role offers a chance to challenge the status quo and enhance customer experience.
The predicted salary is between 43200 - 72000 £ per year.
Role Responsibilities: 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 MT's in SAA as and when necessary. Monitor interface screens in TBO and take appropriate action to ensure process has been completed. Monitor group email inboxes and query management ensuring all emails are managed in a timely manner. Collaborate with and support the team to meet customer needs, team objectives and ad hoc tasks within defined timeframes.
Knowledge, Skills & Experience Required:
- 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.
- Self motivated, energetic, flexible and collaborative.
- Able to adapt to continually changing regulatory environment for derivatives business.
- Able to prioritise day to day responsibilities.
- Provide support to Team Leader for tactical process improvements.
- Being determined to continually challenge the status quo of existing processing methods whilst recognising the need to ensure control is maintained and customer experience enhanced.
- Able to effectively communicate.
Location: This is a hybrid working role with a requirement to work from the client's London office 2/3 days a week.
Working hours: Standard working hours with some flex where required.
If you feel that this is a role that would suit you then please apply today. If you do not hear from us within 48 hours of your application, please assume that you have been unsuccessful on this occasion.
Pontoon Solutions are an equal opportunities company.
Derivatives Operations Executive employer: Adecco
Contact Detail:
Adecco Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Derivatives Operations Executive
✨Tip Number 1
Familiarise yourself with the specific derivatives products mentioned in the job description, such as Interest Rate Swaps and FX Options. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the derivatives field, especially those who work in operations. Engaging with them on platforms like LinkedIn can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Stay updated on the latest regulatory changes affecting derivatives operations. Being knowledgeable about current trends and regulations will show your commitment to the industry and your ability to adapt.
✨Tip Number 4
Prepare for potential interview questions by practising how you would handle specific scenarios related to derivatives processing and client interactions. This will help you articulate your problem-solving skills effectively.
We think you need these skills to ace Derivatives Operations Executive
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Derivatives Operations Executive position. Tailor your application to highlight relevant experience in derivatives settlements and client interaction.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience with Interest Rate Swaps, Cross Currency Swaps, and other derivative products mentioned in the job description. Use specific examples to demonstrate your expertise in drafting confirmations and managing client queries.
Showcase Communication Skills: Since good communication skills are essential for this role, ensure that your application reflects your ability to communicate effectively at various levels. Consider including examples of how you've successfully interacted with clients or resolved complex issues.
Tailor Your Cover Letter: Craft a personalised cover letter that addresses the specific needs of the company. Mention your adaptability to changing regulatory environments and your motivation to improve existing processes, as these qualities are highly valued for this position.
How to prepare for a job interview at Adecco
✨Know Your Derivatives
Make sure you brush up on your knowledge of derivatives, especially Interest Rate Swaps and FX Options. Be prepared to discuss your experience with these products and how you've handled them in previous roles.
✨Understand ISDA Definitions
Familiarise yourself with the ISDA Definitions for rates derivatives products. You might be asked to explain how you would draft bespoke language for non-standard products, so having a solid grasp of this will set you apart.
✨Showcase Your Communication Skills
Since client interaction is key in this role, be ready to demonstrate your communication skills. Think of examples where you've successfully managed client queries or negotiations, as this will highlight your ability to build relationships.
✨Emphasise Adaptability
The derivatives landscape is constantly changing, so it's important to show that you're adaptable. Share experiences where you've had to adjust to new regulations or processes, and how you maintained control while enhancing customer experience.