Derivates Operations Co-op (2027)

Athene; West Des Moines (IA); Hybrid; USD 28,000 - 36,000; Full time

Job summary

Athene in West Des Moines is seeking a Finance Co-op to gain hands-on experience supporting derivative investment and hedging strategies within the Derivative Operations team. You will collaborate with Derivative Portfolio Management, Derivative Trading, Legal, Treasury, and Investment Accounting while balancing daily processing, data management, settlements, and reporting tasks.

You will work January through May 2027, Monday–Friday, 8:00 a.m.–5:00 p.m., four days in the West Des Moines office

Qualifications

• Pursuing a Bachelor's or Master's degree in Economics, Finance, Statistics, Mathematics, Physics, CS, or related STEM field.
• Enrollment for Fall 2026 term.
• Strong quantitative, analytical, and problem-solving skills.
• Proficiency in Excel; VBA or SQL a plus.

Responsibilities

• Support trade processing and data management across derivative products with cross-functional teams.
• Assist with settlements, margin requirements, cash movements, and collateral activities.
• Review and reconcile trade bookings, transaction data, and legal documentation to identify discrepancies.
• Support third-party service provider oversight and derivative trading agreements (ISDAs, CSAs, MCAs).
• Follow procedures and contribute to projects improving workflows, data quality, and reporting.
• Gain exposure to cleared and bilateral derivatives, collateral management, and related lifecycle events.

Skills

Quantitative analysis

Excel proficiency

Verbal & written communication

Team collaboration

Education

Bachelor's or Master's in Economics, Finance, Statistics, Mathematics, Physics, CS

Tools

VBA

SQL

Job description

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.

Purpose & Impact: About the Opportunity Gain hands-on experience supporting Athene's derivative investment and hedging strategies within the Derivative Operations team. The Derivative Operations team manages trade processing, collateral management, settlements, data management, investment accounting support, and legal documentation. As a Finance Co-op, you will collaborate with experienced professionals, internal teams, and external trading partners while balancing daily operational responsibilities with process improvement projects. You will also gain exposure to AI and emerging technologies, with opportunities to use approved tools to analyze information, streamline routine work, and support operational improvements.

What You'll Do

• Collaborate with Derivative Portfolio Management, Derivative Trading, Legal, Treasury, and Investment Accounting to support trade processing and data management across derivative products.
• Assist with settlements, margin requirements, cash movements, and collateral activities involving domestic and international investment banks.
• Review and reconcile trade bookings, transaction data, and legal documentation to identify discrepancies and support accurate processing across trading, collateral, accounting, and reporting systems.
• Support third-party service provider oversight and help maintain derivative trading agreements, including ISDAs, CSAs, and MCAs, while learning how these documents support trading relationships.
• Follow established procedures and controls, elevate operational issues, and contribute to projects that improve workflows, data quality, reporting, and efficiency.
• Through this work, you will gain exposure to cleared and bilateral derivatives, collateral management, portfolio reconciliation, futures, options, foreign exchange, swaps and related trade lifecycle events.

What You Need to Bring

• Pursuing Bachelor's or Master's degree in Economics, Finance, Statistics, Mathematics, Physics, Computer Science, or a related STEM field, with enrollment at an accredited college or university for the Fall 2026 term.
• Available to work the full co-op term from the beginning of January through May 2027, Monday–Friday, 8:00 a.m. - 5:00 p.m., with four days a week in the West Des Moines office and one day working remote.
• Proven quantitative, analytical, and problem-solving skills, with attention to detail and the ability to manage multiple priorities and meet deadlines.
• Proficiency in Microsoft Excel, including formulas and data analysis; experience with VBA or SQL is a plus.
• Demonstrated effective verbal and written communication skills, a collaborative approach, and a willingness to learn new financial concepts, systems, and technologies.
• Drive. Discipline. Confidence. Focus. Commitment.

Learn more about working at Athene. Athene is a Military Friendly Employer! Learn more about how we support our Veterans. Athene is committed to inclusion and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.