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Derivatives and Foreign Exchange Settlements Specialist

Company name
Capital One Financial Corporation

Wilmington, DE

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Derivatives and Foreign Exchange Settlements Specialist




Oliver Evans (18222), United States of America, Wilmington, Delaware

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Derivatives and Foreign Exchange Settlements Specialist

Derivative Operations is a part of Capital One's Commercial Bank Operations. This organization is responsible for ensuring efficient and accurate transaction processing across a broad range of derivative products.

The Derivative Operations team consists of two teams which are responsible for Trade Confirmations and Trade Settlement for various derivatives products. Partnership with the business, derivatives trading and other operational teams to support the full derivative life cycle is a critical function of both teams. The role is Wilmington, DE based; however, you will interact with regional teams and a broad base of domestic counterparties.

Business Responsibilities:

Daily monitoring of payments and receipts, invoicing clients, price entry, price reporting, and the daily reconciliation of customer account balances for Commodity, Interest Rates and FX Derivative products.

Resolve pre- and post-settlements breaks and ensure timely resolution of breaks

Create and monitor fails and related outstanding reports

Ensure compliance to key controls and regulatory changes

Communicate with external/internal clients to ensure timely execution of settlements and resolve all outstanding queries on for payments

Work closely with management to ensure proper risk and controls measures are in place

Act as system expert and super-user for the multiple trading platforms

Build and maintain strong business relationships with Commodities, Interest Rate and Foreign Exchange (FX) Derivative trading desks, and ensure that their queries and requests are appropriately addressed

Maintain a solid understanding of the overall business and operational needs, including detailed product and trade type knowledge

Strategic and Project Oriented Responsibilities:

Develop expertise in regulatory requirements and help to translate these regulatory requirements into functional requirements

Interface with Technology teams to set requirements for enhancing/defect resolutions for trading platforms

Lead and participate in enhancement projects with Technology and Support teams to support the growth and sustainability of the settlement process and derivatives business

Identify, resolve and implement process improvements or enhancements

Support ad hoc, enhancement or business-wide projects either independently or through partnership with support teams

Work with management to define and execute strategic initiatives and yearly roadmaps

Work either independently or in partnership with Derivatives and Support teams to implement automated solutions

Build and maintain strong partnerships with supporting teams in Capital Markets, Compliance, Technology, and other internal stakeholders

The ideal Candidate will have:

Ability to recognize opportunity, generate ideas, validate business need, influence others, and bring innovation and efficiency to life for the Derivatives team

Must have strong ability to integrate business fundamentals, technology skills and project management

Ability to leverage automated solutions to overcome business problems, through partnership with Technology or independent development

Demonstrated ability to independently analyze problems and synthesize and implement solutions

Proven record in initiating, implementing and improving processes

Strong communication skills are a must. Impeccable written and oral communication skills, coupled with strategic influencing skills and the ability to drive agreement and results through intellect, interpersonal and negotiation skills

Must display an intense focus on achieving both short and long-term goals. Candidate should be able to drive and execute an agenda in an uncertain and fluid environment

Strong attention to detail and a sense of urgency in escalating and resolving outstanding issues

Ability to work effectively both in a team environment or independently. Willingness to operate as a self-starter and continuously develop project, process and technology skills is necessary

Strong (advanced) MS Excel background required, including ability to build macros

Basic Qualifications:

Bachelor’s degree or Military experience

Preferred Qualifications:

At least 2 years of Derivatives Operations – lifecycle processing or payment/settlement experience

Dodd Frank regulation experience is a plus

Proficiency in programming applications or systems

Experience in business or data analytics

Experience in creating SQL scripts and VBA Macros

Experience with robotic applications/engineering a plus

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

Company info

Capital One Financial Corporation
Website :

Company Profile
Capital One isn't just concerned with what's in your wallet; it's interested in your bank account as well. The company is best known as one of the largest issuers of Visa and MasterCard credit cards in the US, but it also boasts a banking network of approximately 1,000 branches, mainly in New York, New Jersey, Louisiana, Texas, and the Washington, DC area. Subsidiary ING Direct offers online and direct banking without branches. Capital One, which serves more than 50 million customers in the US, Canada, and the UK, also has units that offer auto financing, write home loans, sell insurance, and manage assets for institutional and high-net-worth clients.

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