Hands-on exercise on Derivatives operations scenarios
9
Approval: Manager on exercise outcome
10
Meeting with Internal Stakeholders
11
Briefing on team's Key Performance Indicators (KPIs)
12
Understanding the client servicing model and clients' needs
13
Training on operational risk and control
14
Introduction to Process Improvement Techniques
15
Exploring Advanced Tools and Techniques
16
Compliance Training Course
17
Approval: Compliance Officer on training completion
18
Introduction to ongoing projects
19
Meeting with external vendors if applicable
Welcome and Introduction to the team
Welcome to the Derivative Operations team! In this task, you will be introduced to your team members and get a chance to learn about their roles and responsibilities. This will help you understand how each team member contributes to the overall process and facilitate effective collaboration.
Overview of the Derivatives Operations Role
In this task, you will be provided with an overview of the Derivatives Operations role. You will learn about the key responsibilities, tasks, and expectations associated with the role. Understanding the scope of your role is essential to effectively perform your duties and contribute to the team's success.
Understanding the Business Structure
To excel in your role as a Derivative Operations Specialist, it is crucial to have a deep understanding of the business structure. In this task, you will be provided with information about the organization's structure, including different departments, teams, and their respective functions. This knowledge will enhance your ability to navigate the organization, collaborate effectively, and contribute to the achievement of organizational goals.
Introduction to Derivatives Products
Derivatives products are a key aspect of the Derivatives Operations role. In this task, you will be introduced to various types of derivatives products, including futures, options, swaps, and forwards. Understanding these products and their characteristics will enable you to handle derivatives operations effectively and provide value-added services to clients.
1
Futures
2
Options
3
Swaps
4
Forwards
5
Other
Training on internal system navigation and usage
To perform your role efficiently, you need to be familiar with the internal systems used for derivatives operations. In this task, you will receive training on the navigation and usage of these systems. You will learn how to access relevant information, process transactions, and generate reports using the internal systems. This knowledge will enhance your productivity and enable you to provide accurate and timely services.
1
Accessing the internal systems
2
Processing transactions
3
Generating reports
4
Troubleshooting common issues
5
Other
Work shadowing with experienced team member
Shadowing an experienced team member is a valuable learning opportunity. In this task, you will have the chance to shadow an experienced Derivative Operations Specialist. This will provide you with practical insights into the day-to-day tasks, challenges, and best practices of the role. By observing and learning from an experienced professional, you will be able to enhance your knowledge and skills.
Understanding Regulatory Compliance
Regulatory compliance is a critical aspect of derivatives operations. In this task, you will gain an understanding of the regulatory framework governing derivatives transactions. This includes compliance with regulations related to trade reporting, risk management, client protection, and market integrity. Complying with regulations is essential to ensure ethical and legal conduct in derivatives operations.
1
Trade reporting
2
Risk management
3
Client protection
4
Market integrity
5
Other
Hands-on exercise on Derivatives operations scenarios
In this task, you will engage in a hands-on exercise to apply your knowledge of derivatives operations to practical scenarios. You will be presented with different derivatives transactions and asked to analyze, process, and resolve issues related to them. This exercise will allow you to demonstrate your understanding, problem-solving skills, and ability to handle real-life derivatives operations challenges.
1
Analyzing derivatives transactions
2
Processing derivatives transactions
3
Resolving issues related to derivatives operations
4
Documenting findings
5
Other
Approval: Manager on exercise outcome
Will be submitted for approval:
Hands-on exercise on Derivatives operations scenarios
Will be submitted
Meeting with Internal Stakeholders
Effective collaboration with internal stakeholders is crucial for successful derivatives operations. In this task, you will have meetings with key internal stakeholders, including representatives from other departments involved in derivatives operations. These meetings will provide you with insights into their roles, expectations, and how your role fits into the overall process. Building strong relationships with internal stakeholders will facilitate seamless coordination and enhanced operational efficiency.
Briefing on team's Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) guide the team's performance and measure their success. In this task, you will receive a briefing on the team's KPIs and how they contribute to the organization's goals. Understanding the KPIs will enable you to align your efforts, track performance, and contribute effectively to the team's objectives.
Understanding the client servicing model and clients' needs
Derivative Operations Specialists play a significant role in catering to clients' needs. In this task, you will gain an understanding of the client servicing model, including the different types of clients, their expectations, and the services provided to them. Understanding clients' needs is essential to ensure client satisfaction, build strong relationships, and deliver exceptional service.
1
Individual Clients
2
Corporate Clients
3
Institutional Clients
4
High Net Worth Clients
5
Other
Training on operational risk and control
Operational risk and control are critical aspects of derivatives operations. In this task, you will receive training on identifying, assessing, and mitigating operational risks associated with derivatives transactions. You will learn about control mechanisms, procedures, and best practices to ensure a robust control environment. This knowledge will help you minimize risks, enhance operational efficiency, and maintain compliance.
1
Operational risk identification
2
Operational risk assessment
3
Control mechanisms and procedures
4
Best practices for operational risk management
5
Other
Introduction to Process Improvement Techniques
Continuous process improvement is vital for enhancing operational efficiency and delivering quality services. In this task, you will be introduced to various process improvement techniques and methodologies. You will learn how to identify opportunities for improvement, analyze processes, and implement changes to achieve better outcomes. Acquiring process improvement skills will enable you to contribute to the team's continuous improvement efforts.
1
Lean Six Sigma
2
Kaizen
3
Agile
4
Business Process Reengineering
5
Other
Exploring Advanced Tools and Techniques
In this task, you will explore advanced tools and techniques used in derivatives operations. You will gain knowledge about innovative technologies, software applications, and analytical tools leveraged to enhance operational effectiveness. Familiarizing yourself with these advanced tools and techniques will help you perform your role more efficiently and stay up-to-date with industry trends.
1
Automated trading systems
2
Data analytics tools
3
Risk management software
4
Blockchain technology
5
Other
Compliance Training Course
Compliance with regulatory requirements is of utmost importance in derivatives operations. In this task, you will be enrolled in a compliance training course. The course will cover essential compliance topics, such as relevant regulations, reporting requirements, and ethical conduct. Completion of this training course is essential to ensure compliance in your role as a Derivative Operations Specialist.
Approval: Compliance Officer on training completion
Will be submitted for approval:
Compliance Training Course
Will be submitted
Introduction to ongoing projects
As a Derivative Operations Specialist, you may be involved in ongoing projects related to derivatives operations. In this task, you will be introduced to the ongoing projects within the team. You will learn about the project objectives, timelines, and your role in contributing to the project's success. Understanding ongoing projects will enable you to align your efforts, collaborate effectively, and deliver desired outcomes.
Meeting with external vendors if applicable
Collaboration with external vendors may be required in derivatives operations. In this task, you will have meetings with external vendors who provide services or support related to derivatives operations. These meetings will help you understand the vendor's offerings, establish working relationships, and ensure effective coordination for seamless derivatives operations and service delivery.
