Derivative Operations Co-op

Athene • West Des Moines, IA

7d • Onsite

About The Position

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations. 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.

Requirements

• 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.
• Excellent verbal and written communication skills
• Qualified candidates must be enrolled at an accredited college or university for Spring term 2027.
• Drive. Discipline. Confidence. Focus. Commitment.

Nice To Haves

• VBA/SQL experience a plus.

Responsibilities

• 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.

What This Job Offers

• Career Level: Intern
• Number of Employees: 1,001-5,000 employees