Associate, Foreign Exchange Trade Support

You must be within 50 miles driving distance from one of our Capital One hubs in Charlotte, NC, Richmond, VA, or Plano, TX.

About the role

Commercial Client Operations (CCO) is one of the largest divisions in the Commercial Bank, supporting numerous critical processes and transactions. By incubating innovative solutions and embracing technology, this team creates an exceptional experience for associates and clients.

The Capital Markets Derivatives Operations team (CMDO) provides operational support for the Commercial Bank’s Commodities, FX, and Interest Rate Derivatives Desks. Partnering with the Capital Markets Business, Treasury Management, and other Commercial Bank operational teams, CMDO ensures efficient and accurate transactions and lifecycle processing across a broad range of products and services.

The Derivative Operations - Foreign Exchange Trade Support team is responsible for Trade Capture and Sales Support for Foreign Exchange derivative products. You will partner with the business, derivatives trading, and other operational teams to support the full derivative lifecycle, interacting with regional teams and a broad base of domestic counterparties.

Responsibilities

• Work on Trade Confirmations details and 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
• Assist the Settlements team in chasing, following-up, and resolving client's outstanding payments
• Liaison with the Bank's Commercial Clients and Major Institutions to ensure 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
• Familiarity with Cleared trades and FCM processing
• Liaison with Valuation, Accounting, and Risk teams to ensure 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
• Develop and participate in the daily management of controls and procedures
• 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

Work from Home Technology Requirements

• A secure home office environment that is free from background noise and distractions
• A reliable private internet connection that is not supplied via cellular data or hotspot
• A private network that is password protected where you have ownership or line of sight to every device on the network
• Internet service must be provided by Cable or fiber Internet Service Providers (ISP)
• Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions
• ISP download speeds on VPN must be at least 5Mbps, with 10+ Mbps preferred
• Both Hardwire and WiFi internet connections are acceptable as long as speed and security requirements are met

Capital One reserves the right to request proof of internet provider, speed, and service package from the associate. Requirements are subject to change with 60 days notice.

Work from Home Living Requirements

Candidates must live within approximately 50 miles from one of the hub locations based in 28203, 75024, or 23238 and be comfortable coming in person whenever required with no less than 24 hours notice.

Requirements

Basic Qualifications

• 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)

Preferred Qualifications

• Bachelor’s Degree or Military experience
• 2+ years of experience with 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)

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Pay

The minimum and maximum full-time annual salaries for this role are listed below, by location. Salaries for part-time roles will be prorated based on the agreed-upon number of hours to be regularly worked.

• 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. This role is also eligible to earn performance-based incentive compensation, which may include cash bonus(es) and/or long-term incentives (LTI).

Benefits

Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level. Learn more at the Capital One Careers website.