At a Glance
- Tasks: Manage derivatives and public market operations, ensuring smooth post-trade processes.
- Company: Join Standard Life, a leader in retirement solutions with a focus on customer commitment.
- Benefits: Enjoy a competitive salary, 38 days annual leave, and flexible working options.
- Other info: Embrace a culture of curiosity and collaboration in a supportive environment.
- Why this job: Be part of a dynamic team shaping the future of investment management.
- Qualifications: Experience in derivatives and fixed income operations is essential.
The predicted salary is between 42000 - 42000 £ per year.
Here at Standard Life, we guide millions of people through some of life’s biggest decisions. We’re searching for a Middle Office Derivatives and Public Markets Associate who shares our commitment to putting customers first, aiming high and working together to join the Retirement Solutions and Asset Management function.
Job Type: Permanent
Location: Edinburgh (hybrid working 3 days in the office and 2 days working from home).
Flexible working: All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Salary and benefits: From £42,000 depending on experience plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Who are we? We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.
The Role: Middle Office is a key support function for the Retirement Solutions and Asset Management Front Office. It has wide ranging accountability ensuring operational control of investment activities, supporting the Group and Asset Management governance framework, and delivery of investment reporting. The current Derivatives and Public Markets Middle Office team create a multi-asset class Middle Office team. This offers new joiners the chance to learn front to back management of a wider asset set. The role involves coordination of post trade lifecycle management across Standard Life plc entities for derivative and public market fixed income products.
Key Responsibilities:
- Derivatives Oversight – Take ownership of ensuring that derivative operational activities are completed, resolving any outstanding issues end-to-end.
- Derivative Data – Provide SME input into ensuring that derivative trades are correctly captured in internal systems.
- Live Cycle management – Performing middle office control on direct derivative and public market fixed income trading.
- Onboarding – Working with our third-party providers to onboard new system capability and set up internal processes to utilise the tools available.
- Risk and Control – Developing processes and procedures to make sure our derivative and public market fixed income operations are functioning within our policy standards.
- Regulatory - Supporting the business in meeting regulatory requirements.
What are we looking for?
Experience & Knowledge (Essential):
- Experience of managing Derivative and Fixed income products from a middle office or back-office perspective.
- Understanding of pre trade governance – strategy / investment guidelines / mandates.
- Knowledge of regulatory considerations e.g. EMIR / TCF / Conduct of Business Rules.
- Proven knowledge of the trade lifecycle of derivatives including derivative documentation (ISDA/CSA and central clearing agreements).
- Strong analytical and problem-solving capability, with proven experience investigating breaks, identifying root causes, and improving data accuracy.
We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
AM Middle Office Derivatives and Public Markets Associate employer: Phoenix Group
At Standard Life, we pride ourselves on being an exceptional employer, offering a supportive and flexible work environment in the heart of Edinburgh. Our commitment to employee well-being is reflected in our generous benefits package, including 38 days of annual leave, private medical cover, and opportunities for career growth through continuous learning and development. Join us to be part of a collaborative culture that values curiosity and accountability, ensuring you can thrive both personally and professionally while making a meaningful impact in the lives of our customers.
StudySmarter Expert Advice🤫
We think this is how you could land AM Middle Office Derivatives and Public Markets Associate
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Phoenix Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace AM Middle Office Derivatives and Public Markets Associate
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Phoenix Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Phoenix Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Phoenix Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Phoenix Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Phoenix Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Phoenix Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
