Derivative Operations Analyst

ZipRecruiter; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented Derivative Operations Analyst to join their London team. This critical role focuses on ensuring the smooth processing of FX and MM transactions, emphasizing settlements and confirmation matching. The ideal candidate will have proven experience in treasury operations, a strong understanding of financial instruments, and the ability to navigate regulatory requirements. Join a dynamic team where your expertise will contribute to the efficiency and integrity of operations in a fast-paced banking environment.

Qualifications

• Proven experience in treasury operations with a focus on settlements.
• Strong understanding of FX and MM products and markets.

Responsibilities

• Process FX and MM time deposits and maintain accurate records.
• Oversee confirmation and affirmation processes for business operations.

Skills

Treasury Operations

FX Settlements

Confirmation Matching

Regulatory Compliance

Payment Formatting

Nostro Reconciliations

Education

Experience in Treasury Operations

Understanding of Financial Instruments

Tools

Trade Capture Systems

Accounting Software

Job description

Job Description

Derivative Operations Analyst

Venn Group have partnered with bank in London and are seeking a detail-oriented and proactive Derivative Operations Analyst to join a bank in London. As the Derivative Operations Analyst you will play a critical role in ensuring the smooth processing of FX and MM transactions, with a focus on settlements, confirmation matching, and adherence to industry standards and regulatory requirements. Your expertise in these areas will be essential in maintaining the integrity and efficiency of our clients Operations department.

The main responsibilities required in this position are as follows:

• Process FX and MM time deposits from Front Office trade capture systems to the respective accounting and payment systems and General Ledger, with a deep understanding of FX & MM settlements business.
• The role-holder will oversee confirmation and affirmation processes related to day-to-day business operations, both within the Bank and in alignment with wider Market standards.
• Additionally, they will ensure timely and accurate CLS settlements and confirm matching, recognizing the importance of timely confirm matching for efficient operations.
• It will be required to review and maintain payment formatting requirements, staying updated on annual SWIFT standards updates to ensure compliance and efficiency.
• Understand underlying documentation such as ISDA, DRV, and FBF, and maintain awareness of Regulatory Reporting requirements to ensure adherence.
• Conduct thorough processing of nostro reconciliations, ensuring accurate matching of internal records with external bank statements and resolving any discrepancies in a timely manner.

Ideal qualifications to be held by the role holder are as follows:

• Proven experience in treasury operations, with a focus on settlements, confirmation matching, and regulatory compliance.
• Strong understanding of financial instruments and markets, particularly FX and MM products.
• Proficiency in using relevant trade capture systems and accounting software.
• Familiarity with CLS settlements processes and the importance of timely confirm matching.
• Knowledge of payment formatting requirements and ability to stay updated on SWIFT standards updates.
• Understanding of underlying documentation such as ISDA, DRV, and FBF, along with Regulatory Reporting requirements.

To explore this opportunity, please contact Venn Group’s Financial Services team by submitting your profile and a member of the team will reach out.