Capital Markets Middle Office Derivatives Operations Analyst

Regions Financial Corporation; Atlanta (GA); On-site; USD 101,000 - 128,000; Full time

Benefits offered by this job

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Job summary

Regions Financial Corporation in Atlanta Midtown seeks a Capital Markets Derivatives Operations Analyst to support the Interest Rate and Commodity Derivatives trading desk. You will ensure valuation accuracy, monitor P/L and risk, and support IPV and collateral management as part of the Derivatives Middle Office.

Collaborating with Front Office, Back Office, Risk Management and Technology, you’ll analyze daily market data, prepare MTM statements, and assist in testing analytics changes.

Qualifications

• Bachelor's degree required in Finance, Accounting, Economics or related field.
• Minimum five years of banking, finance, risk management, capital markets, accounting, systems development, or interest rate derivatives.
• Experience with commodities derivatives and collateral management preferred.
• Familiarity with Bloomberg and Reuters functionality.

Responsibilities

• Ensures accuracy of market data used for daily valuations.
• Measures and balances P/L, positions and risk daily, researching and explaining variances.
• Prepares and distributes daily positions/risk and P/L summary.
• Performs IPV analysis and maintains collateral management support.
• Mentions mentoring junior associates as needed.

Skills

Analytical skills

Advanced Microsoft Office

Vendor applications

Communication skills

Customer service

Education

Bachelor's degree in Finance, Accounting, Economics or related field

Tools

Bloomberg

Reuters

Job description

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

At Regions, the Capital Markets Derivatives Operations Analyst supports the Interest Rate and Commodity Derivatives trading desk within the Capital Markets business.The analyst handles valuation control and ensures the integrity of positions feeding the firms balance sheet. Key deliverables for the Derivatives Middle Office include Risk and Profit/Loss (P/L) reporting, as well as Independent Price Verification (IPV) and Collateral Management.The team works in tandem with key partner groups such as the Front Office, Back Office, Risk Management and Technology.

Primary Responsibilities

Middle Office

• Ensures accuracy of market data used for daily valuations


• Measures and balances P/L, positions and risk (Market Risk, Counterparty Risk, etc.) daily, researching and explaining variances


• Prepares and distributes daily positions/risk and P/L summary


• Prepares Financial Accounting Standards (FAS) 157 and associated Credit Value Adjustment analysis


• Performs weekly IPV analysis, researching and explaining exceptions


• Prepares and distributes client mark to market (MTM) statements


• Performs daily margin call process for bilateral and cleared trades


• Supports testing and build-out of analytics changes that affect interest rate and commodity derivatives; requires in-depth understanding of valuation methodology as carried out within derivatives application OpenLink


• Supports testing and development of new functionality that affects Derivatives Middle Office processes


• May act as a resource to junior associates, providing guidance when appropriate

This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

• Bachelor's degree in Finance, Accounting, Economics ora related field


• Five(5) years work experience in banking, finance, risk management, capital markets, accounting, systems development, or interest rate derivatives

Preferences

• Experience with commodities derivatives


• Experience with collateral management processes


• Familiarity with Bloomberg and Reuters functionality

Skills and Competencies

• Ability to thrive in a fast-paced trading environment


• Advanced Microsoft Office skills


• Experience working with vendor supported applications


• Strong analytical skills


• Strong customer service, verbal, and written communication skill

This position will require a minimum of four (4) days in-office, at our Atlanta, GA Midtown location.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$100,688.28 USD

Median:

$127,522.50 USD

Incentive Pay Plans:

This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time


• 401K with Company Match


• Medical, Dental and Vision Benefits


• Disability Benefits


• Health Savings Account


• Flexible Spending Account


• Life Insurance


• Parental Leave


• Employee Assistance Program


• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/about-regions/welcome-portal/benefits

Location Details

Atlanta Midtown

Location:

Atlanta, Georgia

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.