Job Description:
Derivatives Operations Specialist
For a global commodity trading organisation with subsidiaries in Asia and the US, we are seeking an experienced Derivatives Operations Specialist to join our team.
Key Responsibilities:
* Import of Derivative Deals: Enable the correct and prompt import of derivative deals into the trading system.
* Transaction Confirmation: Ensure timely confirmation of derivative transactions with internal and external counterparties.
* Settlements and Offsetting: Perform derivative settlements as well as offsetting of future transactions.
* Invoicing: Create and manage invoices.
* Interface Function: Act as interface function to back offices of counterparties (operative level); coordinate efficient flow of information between other Group stakeholders.
* Regulatory Reporting: Handle daily regulatory reporting according to relevant financial market regulations (e.g. Dodd Frank Act, EMIR, UKMIR, FinfraG).
* Trading Support: Support Trading in derivative and physical transactions.
* Information Provision: Provide stakeholders with timely and accurate information on derivative transactions, including result reporting, risk metrics and trading fees.
* Derivative Reports: Perform daily derivative reports for the group's hedging programs, including deal evaluation, value-at-risk assessments and financial reporting requirements.
* Finance Support: Support Finance in correct accounting of derivative related transactions, e.g. in month-end processes.
* Auditor Contact: Act as operative contact for internal / external auditors for derivative processes.
* System Enhancement: Enhance controlling systems and interfaces to the company's data structures, visualize relevant information e.g. using BI systems.
* Business Controlling: Support business controlling processes, such as monthly and ad-hoc market data and price reporting, monthly trading business and market updates, annual operational budgeting.
Requirements:
* Education: Minimum Bachelor's degree or equivalent in relevant fields such as business administration, finance / accounting or commodity trading.
* Experience: At least 2 years work experience in Derivatives Operations / Controlling functions of a trading or banking company with advanced knowledge about derivatives evaluation and accounting (e.g. IFRS 7 & 9), procurement business processes and hedging operations.
* Knowledge: Knowledge and work experience regarding financial market regulations is a plus.
* Cognitive Skills: Strong analytical thinking and interdisciplinary problem-solving skills.
* Languages: Fluent English in written and spoken; knowledge of the German language is a plus.
* Soft Skills: Team-oriented, resilient and agile mindset and working culture.