Associate, Foreign Exchange Trade Support

About the role

The Derivative Operations - Foreign Exchange Trade Support team is responsible for Trade Capture and Sales Support for Foreign Exchange derivative products. This role partners with the business, derivatives trading, and other operational teams to support the full derivative life cycle.

Responsibilities

• Work on Trade Confirmations details and to assist in resolving any discrepancies
• Liaison with the Settlement team on all cash flow items
• Provide a variety of internal support functions relating to the confirmation, payment, documentation, and exceptional treatment of all transactions
• Aid the Settlements team in chasing, following-up, and resolving client's outstanding payments
• Liaison with the Bank's Commercial Clients and Major Institutions to make sure trades are affirmed
• Participate in testing for system enhancements
• Book and amend FX derivative trades into the booking system
• Report Real Time & Primary Economic terms to the SDR in compliance with Dodd Frank expectations (DTCC)
• Perform daily trade booking and checkouts with Front Office
• Tie out, analyze, and obtain 3rd party support for daily marks
• Generate, analyze, and submit for approval daily Flash P&L reports
• Run system End of Day Process
• Familiarize yourself with Cleared trades and FCM processing
• Liaison with Valuation, Accounting, and Risk teams to make sure the FX portfolio is correctly marked
• Be an active participant in scaling the FX Derivatives Business
• Stay abreast of regulatory changes impacting Foreign Exchange Derivatives Business and Industry
• Develop relationships with external clients to gain market understanding and awareness
• Proactively seek appropriate internal or external training to maintain professional expertise
• Formulate and document user requirements and procedures to implement functional solutions to technical systems and improve or automate daily processes
• Provide superior internal and external client services in all areas of interaction
• Work on regulatory related reporting and activities for Swap Dealer requirements
• Reconcile conversion rates with Bloomberg

Requirements

• High School Diploma, GED or equivalent certification
• At least 1 year of experience working in financial services
• At least 1 year of experience with MS Office (Word, Excel, Outlook, PowerPoint) or Google Suite (Sheets, Docs, Slides)

Qualifications

• Bachelor’s Degree or Military experience is preferred
• 2+ years of experience with the Foreign Exchange Products
• 2+ years of experience with market data providers (Bloomberg, Refinitiv)
• 2+ years of experience with Financial Settlement Instructions or SWIFT
• 2+ years of experience with Swaps and Derivatives Products
• 2+ years of experience working on QA or UAT testing and audits
• 2+ years of experience with Swap Dealer regulations and DTCC
• 2+ years of experience with Excel (V-lookup, Pivot Tables, Macros)

Skills

• Strong communication skills
• Attention to detail
• Ability to work independently and as part of a team
• Knowledge of foreign exchange products and derivatives
• Experience with financial settlement instructions and SWIFT
• Experience with Excel and VBA
• Understanding of regulatory requirements and compliance

Benefits

Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being. Learn more at the Capital One Careers website.

Pay

Salaries for this role are listed below, by location:

• Charlotte, NC: $66,700 - $76,100 for Ops Associate
• Plano, TX: $66,700 - $76,100 for Ops Associate
• Richmond, VA: $66,700 - $76,100 for Ops Associate

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

Schedule

This role is eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non-discretionary depending on the plan.

Application

This role is open for applications for a minimum of 5 business days. No agencies please.