Capital Markets Derivatives Operations Analyst- Back Office Operations

Regions Bank•Atlanta, GA

9h•Onsite

About The Position

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. Back Office operational responsibilities include onboarding new clients, trade confirmations, settlement processing, set up of credit limits in the loan system, and customer service This position will primarily focus on settlement processing and onboarding client credit limits to the loan system This position will require daily, on-site attendance at our Birmingham or Atlanta corporate office. This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Requirements

Bachelor's degree in Finance, Accounting, Economics or a related field
Three (3) years work experience in banking, finance, risk management, capital markets, accounting, systems development, or interest rate derivatives
Microsoft Office skills
Strong analytical skills
Strong customer service, verbal, and written communication skills

Nice To Haves

Experience with commodities derivatives
Experience with collateral management processes
Familiarity with Bloomberg and Reuters functionality

Responsibilities

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