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- Tasks: Join our team to manage derivatives transactions and ensure smooth operations.
- Company: HSBC is a leading global bank offering diverse career opportunities.
- Benefits: Enjoy flexible working, competitive pay, and professional development.
- Why this job: Be part of a high-performing team making an impact in finance.
- Qualifications: 3-5 years in derivatives operations with strong knowledge of ETD and OTC products.
- Other info: Work 2-3 days a week in Edinburgh until the end of December.
The predicted salary is between 60000 - 84000 £ per year.
Duration: 31st of December
Location: Edinburgh
2-3 days a week
Rate: £849.38 Umbrella IR35
Role Purpose: We are seeking an experienced Derivatives Operations Specialist to join our Securities Services operations team. This role is critical in ensuring the smooth and accurate processing of derivatives transactions, with a focus on both Exchange-Traded Derivatives (ETD) and Over-the-Counter (OTC) products. The successful candidate will be responsible for supporting the full trade lifecycle, including trade capture, margin and collateral management, reconciliations, P&L attribution, and exception handling. You will work closely with internal stakeholders across middle office and fund accounting functions, ensuring operational accuracy and compliance with regulatory standards. This is an excellent opportunity for a detail-oriented professional with strong SME knowledge in derivatives and a background in Securities Services to contribute to a high-performing team.
Key Accountabilities:
- Support day-to-day BAU operations in derivatives processing, with a focus on ETD and OTC products.
- Ensure accurate trade capture, margin posting, and resolution of margin disputes.
- Perform reconciliations of trades, cash, and positions, ensuring timely resolution of exceptions.
- Collaborate with internal teams to support fund accounting and middle office processes.
- Maintain oversight of collateral and margin workflows from execution through to settlement.
- Contribute to exception management and P&L attribution processes.
- Utilise platforms such as Aladdin for ETD processing and reporting.
- Work closely with programme teams to ensure alignment between current-state operations and future-state design.
Skills and Experience:
What you will bring to the role:
- 5 years of experience in derivatives operations within a Securities Services or fund accounting environment.
- Strong SME-level knowledge of ETD (futures, options) and OTC (interest rate swaps) derivatives.
- Familiarity with buy-side accounting and middle office processes.
- Solid understanding of collateral and margin management, including dispute resolution.
- Experience with trade capture, reconciliations, P&L, and exception handling.
- Proficiency in Excel (pivot tables, macros, data manipulation).
- Working knowledge of Aladdin or similar platforms is highly desirable.
If you're looking for a career that will help you stand out, join HSBC, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
Derivatives Specialist employer: Networker Global Limited
Contact Detail:
Networker Global Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Derivatives Specialist
✨Tip Number 1
Network with professionals in the derivatives and securities services field. Attend industry events, webinars, or local meetups to connect with people who can provide insights into the role and potentially refer you.
✨Tip Number 2
Familiarise yourself with the specific platforms mentioned in the job description, such as Aladdin. Consider taking online courses or tutorials to enhance your skills and demonstrate your commitment to mastering these tools.
✨Tip Number 3
Prepare for potential interviews by brushing up on your knowledge of ETD and OTC products. Be ready to discuss recent trends in derivatives markets and how they might impact operations.
✨Tip Number 4
Showcase your problem-solving skills by preparing examples of how you've handled exceptions or disputes in previous roles. This will highlight your ability to manage challenges effectively in a fast-paced environment.
We think you need these skills to ace Derivatives Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in derivatives operations, particularly focusing on ETD and OTC products. Use specific examples to demonstrate your expertise in trade capture, reconciliations, and margin management.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your relevant experience and why you are a good fit for the Derivatives Specialist role. Mention your familiarity with platforms like Aladdin and your strong understanding of collateral and margin management.
Highlight Key Skills: In your application, emphasise your SME-level knowledge of derivatives, proficiency in Excel, and any experience with fund accounting or middle office processes. These skills are crucial for the role and should be front and centre.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is essential for a role focused on operational accuracy.
How to prepare for a job interview at Networker Global Limited
✨Showcase Your Derivatives Knowledge
Make sure to highlight your expertise in both Exchange-Traded Derivatives (ETD) and Over-the-Counter (OTC) products during the interview. Be prepared to discuss specific examples from your past experience that demonstrate your understanding of trade capture, margin management, and reconciliations.
✨Demonstrate Attention to Detail
As a Derivatives Specialist, attention to detail is crucial. Use the interview to showcase your meticulous nature by discussing how you ensure accuracy in trade processing and exception handling. Mention any tools or methods you use to maintain high standards in your work.
✨Familiarise Yourself with Relevant Platforms
Since familiarity with platforms like Aladdin is highly desirable, take some time before the interview to brush up on your knowledge of these systems. If you have experience using similar platforms, be ready to explain how you utilised them in your previous roles.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in derivatives operations. Prepare to discuss how you would handle specific situations, such as resolving margin disputes or managing exceptions, to demonstrate your critical thinking and operational expertise.
