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Capital One: Derivative Operations Associate – Commodities & Foreign Exchange Middle Office

Capital One

This is a Full-time position in Mountainside, NJ posted November 19, 2020.

NYC 299 Park Avenue (22957), United States of America, New York, New YorkDerivative Operations Associate – Commodities & Foreign Exchange MiddleOfficeCommercial Operations (CML Ops) is one of the largest divisions in the Commercial Bank, this team scope is horizontal across the bank and as such it supports numerous critical processes and transactions.

By incubating innovative solutions and embracing technology, this team creates an unforgettable and unparalleled experience for our associates and clients.

Derivative Operations is a part of Capital One’s Commercial Bank Operations.

This organization is responsible for ensuring efficient and accurate transaction processing across a broad range of derivative products.The Derivative Operations – Commodities & FX Middle Office teams are responsible for Trade Capture and Sales Support for Commodities & FX derivative products.Partnership with the business, derivatives trading and other operational teams to support the full derivative life cycle is a critical function of both teams.

The role is New York City-based; however, you will interact with regional teams and a broad base of domestic counterparties.Responsibilities:Be an active participant in the standing up of the Commodities and FX Derivative Middle OfficeBook/amend financial commodity derivative trades into the booking system (CXL and WSS)Liaison with the Bank’s Client and Wall Street dealers to make sure trades are affirmed by Trade Date +1Report Real Time & Primary Economic terms to the SDR in compliance with Dodd Frank rules (ICE & DTCC)Perform daily trade bookings/checkouts with Front OfficeTie out, analyze and obtain 3rd party support for daily marksGenerate, analyze and submit for approval daily Flash P& L reportsRun system End of Day ProcessManage and update system reference dataFamiliarity with Cleared trades and FCM processingLiaison with the Settlement team on all cash flow itemsAssist the Settlements team in chasing/following-up and resolving client’s outstanding paymentsLiaison with Valuation, Accounting and Risk teams to make sure the portfolio is correctly markedWork closely with the Back Office on Trade Confirmations detailsEnsure required systems, agreements, and other resources are established both internally and externally to support the transaction.Increase industry knowledge through daily and monthly reviews of external publications and internal research reportsStay abreast of regulatory changes impacting commodities industryDevelop relationships with external clients to gain market understanding and awarenessProactively seek appropriate internal or external training to maintain professional expertise.Cross-train team members and internal clients to ensure appropriate coverage and proficiencyFormulate and document user requirements and procedures to implement functional solutions to technical systems and improve or automate daily processesProvide a variety of internal support functions relating to the confirmation, payment, documentation and exceptional treatment of all transactions included in the commodity portfolioDevelop and participate in the daily management of controls and proceduresProvide superior internal and external client services in all areas of interactionBasic Qualifications:Bachelor’s Degree or Military Experience At least 1 year of experience working in a Capital Markets Middle Office or at least 1 year of experience in a Capital Markets Back OfficePreferred Qualifications:At least 2 years of experience with Commodity or Foreign Exchange ProductsProficient with Microsoft Office Excel (V-lookup, Pivot Tables, or Macro) or Google SuitesStrong written and oral communication skillsExperience with OCR, Python, RPA, AI, or data miningExperience with Salesforce, Wall Street Systems, or TriplePoint CXLAt this time, Capital One will not sponsor a new applicant for employment authorization for this position.