Rates Operations Specialist - Birmingham, Atlanta or Columbus

Provides support in the efficient execution of interest rate derivative transactions by working closely with Capital Markets and Banking team members, operations and other stakeholders to ensure accurate trade processing and compliance with regulatory requirements. Contributes to the evolution of the interest rate team, helping the interest rate trading and sales teams, while improving internal controls and visibility. Assists the trading/sales desk by streamlining processes, helping to manage risk, and providing trade execution and client support. Creates queries regarding positions, profit and loss, mark to market, regulatory reports and general inquires.

• →Maintains and manages daily tasks including trade reconciliations, trade allocations, management control reports, and trade statuses. Performs analyses of discrepancies to help resolve trade issues or client queries. Manages, escalates and resolves all requests, inquiries, issues, and errors and identifies policy gaps. Ensures accurate trade capture, position management, and inventory continuity day over day.
• →Performs front to back reconciliation of life cycle events for interest rate transactions, while monitoring internal controls to ensure compliance with procedures, KPIs and KRIs, and sample testing.
• →Assists with the process of confirming various trades executed by Trading and Sales teams. Maintains standard settlement instructions and has oversight of upcoming settlements within the trading system.
• →Provides support and works closely with teams across the organization including Legal, Compliance, Information Technology, Risk, Operations, and other Banking and Capital Markets teams to gain efficiencies, optimize trade processing and reduce processing errors.
• →Creates standard operating procedures leveraged by the Interest Rate Operations team to help expedite trades. Performs operational reconciliation to ensure that all cash movements to settle the trades have been reconciled. Streamlines operational activity and complies with regulations. Coordinates and support ad-hoc projects with the Capital Markets Trading & Operations group.
• →Assists other team members as needed to ensure delivery of distinctive service.
• →Performs other related duties and responsibilities as required.
• →Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Pinnacle is an Equal Opportunity Employer committed to fostering an inclusive work environment.

• High school diploma or equivalent

• Five years of experience in a support role such as derivatives middle office, securities operations, or other treasury operations group.

• Strong knowledge of banking or securities products
• Has risk and controls awareness and ability to apply this to an interest rate operations role
• Excellent communication skills in various forms, including verbal, written and presentational
• Ability to build and maintain effective working relationships with a range of people at all levels both internal and external
• High degree of professionalism with the ability to influence and effect change within an organization
• Proficiency using word processing, spreadsheet, presentation, and email applications