Derivative Operations Analyst

In this contract role in London, you will ensure timely processing of derivative trades across multiple products, from front office capture to settlement and accounting. You will be part of a central operations hub supporting front office stakeholders and overseas locations in the EMEA region. The role focuses on accurate BAU processing, issue escalation, and timely reporting in line with regulatory and internal procedures. You will help maintain robust trade confirmations, payments, and risk controls, shaping efficient derivative operations. This is a mission-critical role for operational excellence in a regulated environment.

• Ensure timely trade processing of interest rate swaps, cross currency swaps, caps/floors, inflation swaps and FX options from capture to accounting and GL
• Perform day-to-day processing of derivative trades including confirmation and settlement for all EMEA locations
• Escalate issues, report routinely, and update management promptly
• Support Team Leader and deliver services to front office stakeholders and outsourced locations in EMEA
• Ensure processing complies with Head Office rules, regulatory obligations and local procedures
• Generate and complete long-form and ISDA trade confirmations with external counterparties
• Create, check and agree rate reset notices with external customers
• Process cancelled and corrected deals from each office
• Check details of executed option trades
• Monitor modification queue in SAA and Montran; ensure payments are released
• Input and prepare MT103s in SAA as needed
• Monitor group emails and manage queries in a timely manner
• Collaborate with the team to meet customer needs and deadlines

• Experience in derivatives settlements including Interest Rate Swaps, Cross Currency Swaps, Caps/Floors, Inflation Swaps & FX Options
• Experience drafting and matching derivative confirmations
• Understanding of ISDA Definitions for rates derivatives; ability to draft bespoke language for non-standard products
• Experience with client interaction including chasing, affirmation, negotiation and query resolution
• Understanding of payment formats and payment processing
• Good communication skills; ability to interact at multiple levels
• Understanding of Operational Risk and Control

• Communication
• Collaborative teamwork
• Query resolution
• ISDA Definitions
• SAA
• Montran