Capital Markets Middle Office Derivatives Operations Analyst

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

At Regions, the Capital Markets Derivatives Operations Analyst supports the Interest Rate and Commodity Derivatives trading desk within the Capital Markets business. The analyst 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
• May act as a resource to junior associates, providing guidance when appropriate

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

This position is incentive eligible.

Requirements

• Bachelor's degree in Finance, Accounting, Economics or a related field
• Five (5) years work experience in banking, finance, risk management, capital markets, accounting, systems development, or interest rate derivatives

Preferences

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

Skills and Competencies

• Ability to thrive in a fast-paced trading environment
• Advanced Microsoft Office skills
• Experience working with vendor supported applications
• Strong analytical skills
• Strong customer service, verbal, and written communication skill

This position will require a minimum of four (4) days in-office, at our Atlanta, GA Midtown location.

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

50th Percentile:

Incentive Pay Plans:

Location:

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.