Derivatives Officer, Trustee & Depositary Services

Job description

The Business

This is entry level risk and compliance role is an excellent opportunity to get into a complex and rewarding area with plenty chance to progress your career. Join our Trustee & Depositary Services business as a Derivatives Officer, and you'll gain technical skills and knowledge which are rare at this level, and will open a range of future options to you.

Corporate & Institutional Banking (CIB) is our wholesale banking business, serving large corporate clients, financial institutions, governments and their agencies. We meet clients' needs by helping them raise, protect, and move money – activities which support all the economies where we operate, particularly in the UK.

Trustee & Depositary Services (TDS) is the market-leading independent trustee and depositary to the UK collective investment scheme (CIS) industry. We have provided trustee or depositary services for nearly 80 years, and serve approximately 42% of the UK CIS market.

What you'll do

The Risk & Compliance team in TDS provides a full, high quality compliance monitoring service to all clients, overseeing scheme assets to make sure that they comply with all the relevant regulations and restrictions. We also have a client facing dimension, promptly responding to queries and providing regulatory guidance.

As a Derivatives Officer you'll play an important part in the integrity of our data, posting derivative trade and Foreign Exchange deals, and downloading prices on a daily basis, as well as keeping our automated alert systems up-to-date with accurate investment scheme and security data, including checking it against the legal documentation. You'll be an important point of contact for any queries relating to posting, and will make sure our mail boxes are kept up to date.

You'll be making sure that scheme holdings are eligible with the FCA COLL rules, and you'll need an understanding of the regulations to be effective. We'll expect you to keep fully updated on any regulatory changes, and to understand their impact on our alert systems and on the Data Research team.

What you'll bring

You'll need some knowledge of securities and markets, and the FCA regulatory framework as it relates to collective investment schemes.

Attention to detail is important, and you should have experience with MS Office applications, particularly PowerPoint and Excel. Operating efficiently is important to our team, so you'll need the abilitty to spot and act on opportunities to make improvements.

Your interpersonal and communication skills will also be important, as you'll need to collaborate fully with your colleagues, and be able to clearly and effectively articulate risks and ideas.

How we'll reward you

In return, we offer a competitive salary plus 15% cash and benefit funding programme that can be tailored to suit your individual needs. In addition, we provide a wide selection of exclusive lifestyle offers, development and learning programmes, services and support designed to help you manage and balance your work/life priorities. For more information on our benefits, please visit our website .

At RBS, we want everyone to feel welcome. That's why we want you to know that we'll work with you to make the application process as smooth as possible. So please just let us know if you need any adjustments or support – we'll do whatever we can to help.

If we offer you a job, we'll discuss with you how we can help set you up for success, including by making adjustments to your working environment if required.

If you're a new joiner to the bank, please note that we carry out a credit check as part of our referencing process.

If you are experiencing any technical issues when applying for this role, please refer to our FAQ section for assistance.

At RBS, we are focused on becoming the UK's number one bank for trust, customer service and advocacy by 2020. We are simplifying our business, concentrating on the areas where we can lead the market, and placing our customers at the heart of everything we do.

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