Senior Derivatives Operations Analyst – Market Data & Trading Controls

Axiom Path • New York, NY

1d • Onsite

About The Position

Join a global financial services organization supporting sophisticated capital markets and derivatives trading activities. This role operates in a fast-paced trading environment where accurate market data, disciplined operational controls, and reliable execution are essential. Working with Front Office, Middle Office, and Technology teams, the analyst helps maintain critical trading information, strengthen operational processes, and support informed decisions across complex financial products. The position is based 100% onsite in New York, NY, and is a W2-only engagement for approximately three months.

The analyst manages daily market data operations for derivatives trading, validates pricing information and valuation inputs, investigates exceptions and discrepancies, and supports recurring trading processes. The role also maintains procedures and control documentation, collaborates with stakeholders to resolve workflow issues, and identifies opportunities to improve validation, automation, and operational efficiency.

Requirements

• 3–5 years of relevant experience in capital markets operations, derivatives support, market data management, trading controls, or a closely related financial services function.
• Working knowledge of derivative instruments such as interest rate swaps, options, caps, floors, swaptions, and structured products.
• Experience maintaining, validating, analyzing, or reconciling market data used in trading or valuation processes.
• Strong Microsoft Excel proficiency, including analyzing financial data, identifying discrepancies, and performing detailed validation checks.
• Experience using Python, VBA, SQL, or comparable programming tools for data analysis, process automation, or operational reporting.
• Strong analytical judgment and ability to investigate unexpected results rather than relying exclusively on automated system indicators.
• Demonstrated ownership of recurring business-as-usual processes and ability to learn detailed procedures and execute them independently.
• Exceptional attention to detail, organization, and consistency when handling time-sensitive financial information.
• Effective communication skills and experience collaborating with trading, operations, technology, and other business stakeholders.
• Ability to adapt quickly to complex workflows, document process changes, and maintain accuracy under daily operational deadlines.

Responsibilities

• Manage daily market data operations supporting derivatives trading, including interest rate curves, swap rates, credit spreads, and exchange-traded security prices across multiple currencies.
• Validate pricing information and valuation inputs for completeness, consistency, and accuracy before daily sign-off.
• Investigate market data exceptions, pricing discrepancies, and unexpected system results; identify root causes and coordinate resolutions.
• Maintain understanding of data sources, upstream and downstream dependencies, manual adjustments, and operational control requirements.
• Execute recurring trading support processes consistently, accurately, and with increasing independence.
• Develop and maintain operating procedures, reconciliation checklists, and control documentation for reliable daily execution.
• Partner with Front Office, Middle Office, and Technology stakeholders to resolve issues affecting trading data and operational workflows.
• Identify opportunities to improve data validation, streamline recurring tasks, and strengthen controls through automation and process enhancements.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed