Derivatives Operations Analyst

We are seeking a highly motivated and detail-oriented Associate Derivative Operations to join a Derivative Operations team. This team acts as a central processing hub responsible for a broad and complex suite of derivatives products and regulatory obligations. You will play a critical role in ensuring the accurate and timely processing of trades, confirmations, settlements, and operational controls across multiple EMEA locations.

This is an excellent opportunity for someone with strong derivatives operations experience who thrives in a fast-paced, collaborative environment and is committed to operational excellence.

Contract: 12 months ending 30/03/27

Location: Canary Wharf

Salary: Day Rate £220

Key Responsibilities

Trade Processing & Settlement

• Ensure timely processing of Interest Rate Swaps, Cross-Currency Swaps, Caps/Floors, Inflation Swaps and FX Options from Front Office capture to accounting, payments, and the General Ledger.
• Perform daily processing, confirmation, and settlement of derivatives for all EMEA branches.
• Support accurate end-to-end trade lifecycle management in line with regulatory and internal requirements.

Operational Excellence

• Ensure all BAU activities are completed accurately, efficiently, and within established deadlines.
• Identify and escalate issues promptly, reporting challenges and updates to management.
• Process cancelled and corrected trades from regional offices.
• Monitor modification queues in SAA, Montran, and take appropriate actions to release payments.
• Prepare and input MT103s when required.
• Proactively manage group inboxes and client queries to ensure timely responses.

Confirmations & Documentation

• Generate and complete long-form and ISDA trade confirmations, ensuring timely dispatch and countersignature.
• Draft bespoke confirmation language for non-standard trades in accordance with ISDA Definitions.
• Create, verify, and agree rate reset notices with external customers.
• Verify details of executed option trades.

Skills, Experience & Qualifications

• Solid experience in derivatives settlements, including IR Swaps, CCY Swaps, Caps/Floors, Inflation Swaps & FX Options.
• Strong understanding of ISDA Definitions and ability to draft bespoke confirmation language for non-standard trades.
• Experience producing and matching derivative confirmations.
• Knowledge of payment formats and end-to-end payment processing.
• Experience handling client interactions: chasing, affirmation, negotiation, and issue resolution.
• Strong communication skills with the ability to liaise across multiple business levels.