Derivatives Oversight Analyst

Columbia Threadneedle Investments
London, United Kingdom
07 May 2022
06 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About Columbia Threadneedle Investments

You'll find the promise we make to our clients is the same one we make to our employees: Your success is our priority.

Here, you'll find growth and career opportunities across all our businesses. We're intentionally built to help you succeed. Our reach is expansive with a global team of 2,000 people working together. Our expertise is diverse with more than 450 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies and we have the capability to build tailored solutions matched to clients' specific requirements.

Columbia Threadneedle is a people business and we recognise that our success is due to our talented and dedicated people, who bring diversity of thought, complementary skills and capabilities. We are committed to providing an inclusive work environment that supports the diversity of our employees and reflects our broader communities and client-base. We encourage applications from returners to the industry.

We appreciate that work-life balance is an important factor for many when considering their next move so please discuss any flexible working requirements directly with your recruiter.

Job Purpose Statement

Where you'll fit in & what our team goals are....
Support the Derivatives Support Group and Derivative Fund Managers/Assistants by providing oversight and control for all Derivatives trades (OTC: Bilateral & Centrally Cleared and ETD):

For this role you will need:
• Preference is a buy-side candidate with experience in asset management
• Knowledge of front-to-back office processing of OTC transactions
• Experience in pricing & valuations
• Broad OTC asset coverage needed, however Interest Rate Swap product knowledge is a key requirement
• Majority of the OTC book is Centrally Cleared therefore require good understanding of CCP/Clearing House model
• Credit (CDS), TRS, OTC Options (FX/Equity/Basket) as well as ETD are good to have and relevant to the role
• Will be required to provide desk support across front office investment teams
• Ability to troubleshoot valuation & downstream processing issues (including Collateral & Trade Processing)
• Provide oversight to middle office functions

Role Responsibilities

• Responsible for ensuring the oversight of all Derivative related transactions that are supported by State Street in the processing, control, collateral, and pricing oversight functions
• Resolution and co-ordination of escalation issues
• Monitoring of CCP affirmation/trade queue, close of business valuations and cash requirements at a fund/clearing house level
• Liaise closely with Fund Manager and Dealer to define any additional needs and improvements in the procedures for OTC/CCP and ETD Derivatives.
• Be point of contact for Accounting, Client Services, Reporting & Analysis and Middle Office / Investment Operations and Legal
• Regularly review and update procedures
• Participation in projects
• Assisting in the collation and formulation of data for KPI and MI reporting

Key Capabilities

Required experience/skills:
- Understanding of the OTC Bilateral and Centrally Cleared workflow
- Excellent problem-solving ability
- Keen business interest and desire to apply technical skills to real business problems

Technical Expectations/ Knowledge:
• Working knowledge of yield curves, discounting cash flows and liability matching
• Knowledge of key risk parameters: PV01, INF01, Duration, Delta, Vega, Theta, Rho

Instruments covered:
Interest rate Swaps / Inflation Swaps / Swaptions / Total Return Swaps / Fixed Income / Equity / Options / Credit Default Swaps / Repo / ETD Futures

• Excellent numerical ability
• Excellent problem-solving ability
• Investigative by nature

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