Capital Markets Middle Office Derivatives Analyst

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Job Description:

At Regions, the Capital Markets Derivatives Operations Analyst supports the Interest Rate and Commodity Derivatives trading desk within the Capital Markets business. 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

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

Qualifications

• Bachelors degree in Finance, Accounting, Economics or a related field
• Five years work experience in banking, finance, risk management, capital markets, accounting, systems development, or interest rate derivatives
• Strong analytical skills
• Experience working with vendor supported applications
• Microsoft Office skills
• Ability to thrive in a fast-paced trading environment
• Strong customer service, verbal, and written communication skills

Preferences

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

Position Type

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/welcometour/benefits.rf

Location Details

Location:

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OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans