Description

Ideal Candidate :

The Derivative Operations - Foreign Exchange Trade Support team is responsible for Trade Capture and Sales Support for Foreign Exchange derivative products.

Partnership with the business, derivatives trading and other operational teams to support the full derivative life cycle is a critical function of the team.

You will interact with regional teams and a broad base of domestic counterparties.

This individual’s responsibilities will include but are not limited to :

Work on Trade Confirmations details and to assist in resolving any discrepancies

Liaison with the Settlement team on all cash flow items

Provide a variety of internal support functions relating to the confirmation, payment, documentation, and exceptional treatment of all transactions

Assist the Settlements team in chasing, following-up and resolving client's outstanding payments

Liaison with the Bank's Commercial Clients and Major Institutions to make sure trades are affirmed

Participate in testing for system enhancements

Book and amend FX derivative trades into the booking system

Report Real Time & Primary Economic terms to the SDR in compliance with Dodd Frank expectations (DTCC)

Perform daily trade booking and checkouts with Front Office

Tie out, analyze and obtain 3rd party support for daily marks

Generate, analyze and submit for approval daily Flash P&L reports

Run system End of Day Process

Familiarity with Cleared trades and FCM processing

Liaison with Valuation, Accounting and Risk teams to make sure the FX portfolio is correctly marked

Be an active participant in scaling the FX Derivatives Business.

Stay abreast of regulatory changes impacting Foreign Exchange Derivatives Business and Industry

Develop relationships with external clients to gain market understanding and awareness

Proactively seek appropriate internal or external training to maintain professional expertise

Formulate and document user requirements and procedures to implement functional solutions to technical systems and improve or automate daily processes

Develop and participate in the daily management of controls and procedures

Provide superior internal and external client services in all areas of interaction

Work on regulatory related reporting and activities for Swap Dealer requirements

Reconcile conversion rates with Bloomberg

Work from Home Technology Requirements :

A secure home office environment that is free from background noise and distractions

Both Hardwire and WiFI internet connections are acceptable as long as speed and security requirements are met

Capital One reserves the right to request proof of internet provider, speed and service package from the associate. Requirements are subject to change, as new systems and technology are delivered.

Capital One reserves the right to modify internet service requirements with sixty (60) days notice. Internet Service Provider specs can change by provider and location within the US.

If you are experiencing consistent issues with internet stability Capital One reserves the right to ask the agent to upgrade internet service to ensure a good customer experience.

Work from Home Living Requirements :

Candidates must live within approximately 50 miles from one of the hub locations based in 10171, 11747, 22102, 23238 or 75024 and be comfortable coming in person whenever required with no less than 24 hours notice.

Basic Qualifications :

High School Diploma, GED or equivalent certification

At least 1 year of experience with MS Office (Word, Excel, Outlook, PowerPoint) or Google Suite (Sheets, Docs, Slides)

Preferred Qualifications :

Bachelor’s Degree or Military experience

1 years of experience with the Foreign Exchange Products

1 years of experience with market data providers (Bloomberg, Refinitiv)

1 years of experience with Financial Settlement Instructions or SWIFT

1 years of experience with Swaps and Derivatives Products

1 years of experience working on QA or UAT testing and audits

1 years of experience with Swap Dealer regulations and DTCC

2 years with Excel (V-lookup, Pivot Tables, Macros)

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

CommOps

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting.

New York City (Hybrid On-Site) : $76,400 - $87,100 for Ops Associate

Last updated : 2024-04-26