Derivates Operations Co-op (2027)

Athene • West Des Moines, IA

1d • Hybrid

About The Position

The Derivatives Operations Co-op will gain hands-on experience supporting Athene’s derivative investment and hedging strategies as part of the Derivative Operations team. The team manages trade processing, collateral management, settlements, data management, investment accounting support, and legal documentation. The co-op will collaborate with experienced professionals, internal teams, and external trading partners while balancing daily operational responsibilities with process-improvement projects. The role also offers exposure to AI and emerging technologies, including opportunities to use approved tools to analyze information, streamline routine work, and support operational improvements.

The co-op will support operational activities across derivative products and gain exposure to cleared and bilateral derivatives, collateral management, portfolio reconciliation, futures, options, foreign exchange, swaps, and related trade lifecycle events. The position runs from the beginning of January through May 2027, Monday through Friday, 8:00 a.m. to 5:00 p.m., with four days per week in the West Des Moines office and one remote day.

Requirements

• Pursuing a bachelor’s or master’s degree in Economics, Finance, Statistics, Mathematics, Physics, Computer Science, or a related STEM field.
• Must be enrolled at an accredited college or university for the Fall 2026 term.
• Available for the full co-op term from the beginning of January through May 2027.
• Available to work Monday through Friday, 8:00 a.m.–5:00 p.m., with four days per week in the West Des Moines office and one remote day.
• Quantitative, analytical, and problem-solving skills, attention to detail, and the ability to manage multiple priorities and meet deadlines.
• Proficiency in Microsoft Excel, including formulas and data analysis.
• Effective verbal and written communication skills, a collaborative approach, and willingness to learn financial concepts, systems, and technologies.

Nice To Haves

• Experience with VBA or SQL.

Responsibilities

• 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.
• Follow established procedures and controls, escalate operational issues, and contribute to projects that improve workflows, data quality, reporting, and efficiency.
• Use approved AI and emerging technology tools to analyze information, streamline routine work, and support operational improvements.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern