West Des Moines, IA, 50265, USA
24 days ago
Derivatives Ops Co-op
We are Athene. At Athene, we are driven to do more. We are a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. We see every day as a new opportunity to measure ourselves against the best - and then we don't stop until we've set the bar even higher. We're ready to help you achieve more. Purpose: The Derivative Operations team is responsible for managing the operational aspects of Athene's Derivative investment and hedging strategy. This role will have responsibilities associated with derivative middle-office trade support, collateral management, settlements and affirmations, data management, investment accounting oversight, and derivative legal compliance. This role will demand the ability to balance production and project responsibilities – Performing derivative trade lifecycle functions and maintaining relationships, as well as collateral management functions, with internal and external stakeholders while also supporting projects to drive the strategy of the department and the wider organization forward. Accountabilities: + Work closely with Derivative Portfolio Management, Derivative Trading, Legal, Treasury, and Investment Accounting to support end-to-end trade processing and data management for a variety of derivative products. + Work closely with foreign and domestic investment banks to manage settlements associated with derivative trade events, margin requirements, cash management, and collateral. + Perform data management functions to ensure appropriate flow of data into internal trade execution, booking platforms and collateral records, as well as downstream to accounting, reporting, and other stakeholder platforms. + Review and reconcile trade bookings and legal trade documentation to ensure trades flow correctly for confirmation or to downstream systems. + Oversee third-party providers, analyzing complex issues, and coordinating with them to resolve any issues which arise. + Manage legal-document trading agreements; understanding differences among ISDAs, CSAs, MCAs and associated agreements across different legal entities and trading partners. + Develop and enhance a culture of prudent risk management within the team and wider organization. + Role will have exposure to cleared and bilateral collateral, futures, portfolio reconciliation, options, FX, Swaps, and the trade events associated with each derivative activity. + Normal work day is 8am-5pm, January 2025 to June 2025 in person at our West Des Moines, Iowa location. Qualifications and Experience: + Pursuit of Bachelor’s or Master’s level degree in Economics, Finance, Statistics, Math, Physics, Computer Science, or other STEM majors + Solid quantitative, analytical and problem-solving skills + Expert knowledge of Excel required. VBA/SQL experience a plus. + Excellent verbal and written communication skills + Qualified candidates must be enrolled at an accredited college or university for Fall term fall 2025. Drive. Discipline. Confidence. Focus. Commitment. Learn more about working at Athene (https://www.athene.com/about/usa-careers) . Athene is a Military Friendly Employer! Learn more about how we support our Veterans (https://www.athene.com/our-veterans) . Athene celebrates diversity, is committed to inclusion and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.
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