Role Description
Job Title: Bilateral Collateral
Shift – UK (Derivatives Operations)
Overview Of The Role
The role is responsible for end-to-end management and processing of all Derivatives trades and lifecycle events, ensuring timely and accurate reporting of trades, cash, and positions to fund administrators. The position involves daily coordination with internal teams, external brokers, custodians, and fund administrators. The ideal candidate is a strong team player, comfortable in a fast-paced operational environment with excellent communication skills.
Principal Responsibilities
- Provide full post-execution operational support to Fund Managers, Dealers, FMA’s, and Third-Party Administrators.
- Manage daily processing and confirmations for all derivatives trading, including:
- Margin and collateral management
- CFD trade confirmations on trade date
- OTC electronic confirmations (Options, CDS, IRS, Inflation-Linked Swaps)
- Oversee transaction management, margin/collateral processes, and reconciliation for both Exchange-Traded and OTC derivatives.
- Serve as a primary escalation point for brokers, custodians, and internal clients on issues throughout the derivative transaction lifecycle.
- Ensure accurate trade processing in core systems and reference spreadsheets; maintain documentation per AAF guidelines.
- Handle settlement and lifecycle events for all derivative positions.
- Reconcile derivatives income, asset servicing transactions, and monthly derivative resets with Prime Brokers.
- Maintain accurate tax tables aligned with investor types and market rates.
- Advise accounting teams on manual adjustments at event, transaction, or tax levels.
- Investigate and resolve income breaks, counterparty breaks, and custodian breaks promptly, escalating when necessary.
- Support onboarding of new fund setups internally and externally.
- Handle TPA queries and ensure timely notifications of derivatives activity.
- Ensure adherence to internal controls, procedures, deadlines, and issue-escalation processes.
Must-Have Skills & Qualifications
- Minimum 5 years’ experience in derivatives operations, including OTC and Exchange-Traded products.
- Strong understanding of derivatives lifecycle management, including margining, collateral, confirmations, and settlements.
- Hands-on experience with trade matching and confirmation platforms (e.g., MarkitWire, Traiana, CTM, ICE Link).
- Proven ability to manage breaks (cash, asset servicing, trade) and perform reconciliations accurately and efficiently.
- Strong stakeholder management and communication skills (written and verbal).
- Ability to operate effectively in a fast-paced operations environment.
- Strong attention to detail, problem-solving skills, and ability to escalate issues appropriately and promptly.
- Demonstrated ability to ensure timely disclosure of operational issues on the same day of identification.
- Familiarity with internal control frameworks and process governance.
Good-to-Have Skills & Qualifications
- Asset Management–related certifications, such as:
- Investment Operations Certificate (IOC)
- CFA Investment Foundations
- NSE Certifications
- Foundations of Financial Risk
- Experience working with Prime Brokers, Fund Administrators, and custodians in a global investment environment.
- Knowledge of tax implications related to derivatives and investor structures.
- Exposure to onboarding processes for new funds or new derivative products.
- Advanced Excel skills and familiarity with operational workflow tools.
- Understanding of regulatory requirements impacting derivatives (EMIR, MiFID II, Dodd-Frank, UMR).
Skills
Derivatives,Delivery Leadership,Bilateral Collateral
