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- Tasks: Coordinate onboarding of derivative trading relationships and ensure compliance with operational requirements.
- Company: Join Standard Life, a leading retirement specialist with a commitment to customer care.
- Benefits: Enjoy a competitive salary, generous holiday, private medical insurance, and flexible working options.
- Other info: Embrace a dynamic work environment with opportunities for career growth and personal development.
- Why this job: Make a real impact in the finance industry while developing your expertise in derivatives.
- Qualifications: Experience in derivatives onboarding and strong analytical skills are 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 Derivatives & Collateral Onboarding Associate who shares our commitment to putting customers first, aiming high and working together to join the Middle Office team.
Job Type: Permanent
Location: This role could be based from our Edinburgh, Birmingham or London offices with time spent working from home and from the office (3 days) with some travel between Phoenix offices.
Flexible working: All 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 (subject to experience) plus bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays (pro-rated), plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more!
The role:
The Derivatives & Collateral Onboarding Associate plays an important role within the Middle Office, supporting the Asset Management Front Office by coordinating the end‑to‑end onboarding of derivative trading relationships across Standard Life entities. The role contributes to ensuring that operational, legal, regulatory and system requirements are met, including KYC, legal documentation (ISDA, CSA, GMRA, CDEA), EMIR delegated reporting, variation and initial margin requirements, and counterparty setup across internal systems and external trading platforms. The Associate works closely with a wide range of internal and external stakeholders, including Front Office, Legal, Compliance and Risk teams, as well as external custodians, counterparties and vendors. The role requires strong organisational skills and the ability to build effective working relationships to help prioritise onboarding requests, resolve queries and provide clear, timely updates to stakeholders.
Key Responsibilities:
- Coordinating the end‑to‑end onboarding of new and existing derivative trading counterparties.
- Acting as a key point of contact and developing subject‑matter expertise in derivative and collateral onboarding, supporting stakeholders by providing updates and helping to resolve queries.
- Coordinating KYC and reverse‑KYC requirements, documentation requests, screening and ad‑hoc queries across relevant teams.
- Building and maintaining effective working relationships with internal stakeholders and external counterparties, helping to ensure clear prioritisation of in‑flight onboarding requests.
- Supporting the setup and ongoing maintenance of counterparty, agreement and portfolio configurations across Aladdin (Deco, Compliance Workbench, Counterparty Config).
- Overseeing counterparty setup on trading and confirmation platforms (FXALL, TradeWeb, DTCC, MarkitWire).
- Coordinating derivative legal documentation (ISDA, CSA, GMRA, CDEA, IM CSD, ACA) with internal and external legal counsel.
- Maintaining accurate derivatives and collateral agreement data, including oversight of IM thresholds, MTAs and EMIR delegated reporting requirements.
- Identifying issues in a timely manner, applying sound judgement around escalation, and ensuring risks are clearly communicated to management.
What are we looking for?
- Experience working in a Derivatives and/or Collateral Onboarding role within the Asset Management industry.
- Demonstrated understanding of derivative products, associated legal documentation (ISDA, CSA, GMRA, CDEA) and margin requirements (VM and IM).
- Experience supporting KYC and due‑diligence processes, with an understanding of associated documentation requirements.
- Demonstrated knowledge of operational and regulatory requirements relating to derivatives.
- Strong analytical skills, with a focus on accuracy and quality in data management.
- Experience managing stakeholder interactions and contributing to the effective delivery of processes and tasks.
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. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. We’re reviewing applications as they come in, so apply early to avoid missing out.
Derivatives & Collateral Onboarding Associate in Edinburgh employer: Phoenix Group
Contact Detail:
Phoenix Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Derivatives & Collateral Onboarding Associate in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already at Standard Life. A friendly chat can open doors and give you insider info on the role.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of derivatives and collateral onboarding. Be ready to discuss your experience with KYC and legal documentation – it’s a big part of the job!
✨Tip Number 3
Show off your organisational skills! During the interview, share examples of how you've managed multiple tasks or projects. This will demonstrate your ability to prioritise and handle onboarding requests effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the team at Standard Life.
We think you need these skills to ace Derivatives & Collateral Onboarding Associate in Edinburgh
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Derivatives & Collateral Onboarding Associate role. Highlight relevant experience and skills that match the job description, especially in derivatives and KYC processes.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with Standard Life's mission of putting customers first.
Showcase Your Skills: Don’t just list your skills; provide examples of how you've used them in previous roles. Whether it's managing stakeholder interactions or coordinating legal documentation, concrete examples will make you stand out.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it as we review candidates.
How to prepare for a job interview at Phoenix Group
✨Know Your Derivatives Inside Out
Make sure you brush up on your knowledge of derivative products and their associated legal documentation like ISDA and CSA. Being able to discuss these confidently will show that you're not just familiar with the terms, but that you understand their implications in the onboarding process.
✨Master the KYC Process
Since KYC is a crucial part of this role, be prepared to explain your experience with KYC and due diligence processes. Think of specific examples where you've successfully navigated these requirements, as this will demonstrate your practical understanding and ability to handle similar tasks at Standard Life.
✨Build Relationships, Even Before the Interview
Start networking with people in the industry or even within Standard Life if possible. Having a few connections can give you insights into the company culture and expectations, which can be a great advantage during your interview.
✨Showcase Your Organisational Skills
This role requires strong organisational skills, so be ready to share examples of how you've managed multiple onboarding requests or projects simultaneously. Highlight any tools or methods you use to stay organised, as this will illustrate your ability to prioritise effectively.