Derivative Operations Analyst

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Date: 24-Jan-2023

Location: London, GB

Company: Royal London Group

Job Title: Derivative Operations Analyst

Contract Type: Permanent

Location: London

Closing date: 7th February 2023


At Royal London we believe your difference is our strength and our organisation benefits from the different perspectives that diversity brings. Studies have shown that people from under-represented groups are less likely to apply unless they meet every requirement. So, if you’re excited about this role but your past experience isn't a perfect fit with the job description, we encourage you to apply anyway as you may be the right candidate for this or other opportunities.


About the role


We are looking for a Derivative Operations Analyst to join the Middle Office & Investment Operations.  You will support all Derivative trading activity on behalf of all RLAM funds and clients which includes all pre and post trade operational activity.  You will establish and maintain a robust Derivative operating model targeting a best-in-class structure and oversee activities of key outsourced middle / back-office providers ensuring operational efficiency. 


Key responsibilities


  • Support the Front Office with all relevant pre & post trade activity specifically related to derivatives.
  • Act as derivatives subject matter expert across trade lifecycle, Regulation & reporting regimes.
  • Provide day to day oversight and support of Outsourced service providers and processes, such as Middle Office providers and Collateral Managers.
  • Support the operational relationship management with external counterparties and agents.
  • Ensure all activity remains compliant with RLAM Risk and Control framework.




  • Strong Microsoft office skills with focus on Excel and VBA.
  • Relevant experience at an Asset Manager.
  • Understanding of Fund Manager daily routines and processes.
  • Strong understanding of Derivatives and the regulations that govern them.


What we offer


We've always been proud to reward our employees by offering a number of great benefits including:


  • A generous group pension scheme (up to 14% matching employer contribution)
  • 28 days annual leave plus bank holidays with the option to buy/sell up to 5 days
  • Annual company and performance based bonus
  • Life assurance (up to 8 x annual salary)
  • Enhanced parental leave policies
  • Private medical insurance
  • Employee Assistance Programme - Access 24/7 to confidential health, legal & financial advice


Full details can be found on our benefits page


About Royal London


Royal London is the largest mutual life insurance, pensions and investment company in the UK.  Since its foundation 160 years ago, Royal London has supported millions of people to protect and provide for themselves and their families.


Royal London Asset Management (RLAM) was established in 1988 and is a wholly owned and central part of the Royal London Group. Since our inception we have built a reputation as an innovative, high performing fund manager. Our track record and exceptional client service have been recognised with a number of awards. We are proud of the people we employ, the performance we have delivered and the wide-ranging group of clients we manage.


At Royal London, our People Promise is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This promise has been at the heart of our approach to hybrid working, ensuing a balance of time working in our offices, supporting the culture of collaboration and inclusion and some working time from home, so we can all continue to benefit from the flexibility this brings. Our hybrid working approach is built around our mutual mindset, thinking about what is good for us as individuals (the ‘me’) and in the context of what is right for our customers, our colleagues and The Royal London group (the ‘we’). Together we belong- collaborate – learn and perform.


Our expectation is that colleagues working in hybrid roles will come into the office for 50% of their time, and the rest from home. We want to be as consistent as we can with our approach but we also appreciate some colleagues need adjustments based on personal circumstances. (e.g. to support a disability, or caring responsibility) and / or may wish to formally seek a flexible working pattern in line with our flexible working policy.


We appreciate the world of work continues to evolve and we will continue to listen to our colleagues views on this whilst ensuring our on-going approach is right for our business and customers.

We are an equal opportunities employer. We work hard to attract the best talent for our award-winning team. We believe that embracing difference makes us stronger. Our diverse people bring us different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.




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