Capital Markets Operations Manager - Derivatives & Foreign Exchange

SUMMARY: The BankUnited Capital Markets Interest Rate Derivatives and Foreign Exchange Team delivers risk management strategies, product structuring solutions, and international payments. We are seeking an experienced Capital Markets Operations Manager that will be responsible for managing and optimizing the daily operations of our derivatives trading activities and international payments. This role requires a deep understanding of derivatives instruments, prevailing regulatory trends, legal components encompassing derivatives, communicating with customers, confirming and advising international payments, investigations, processes and procedures, and the ability to drive operational efficiency. This role's primary focus is to improve efficiencies in middle and back-office derivatives functions, international payments, and processes and procedures.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.

• Trade Validation & Reporting: Monitor trade lifecycles, including pre and post trade capture, confirmations, settlements, international payments, SWIFT messaging, and wire investigations. Manage the execution and clearing of derivatives trades (Rates & FX), ensuring compliance with regulatory requirements. Monitor and analyze the performance of the derivatives portfolios.
• Risk Management & Compliance: Implement risk management strategies to mitigate market and operational risk associated with derivatives and foreign exchange. Ensure all transactions comply with internal risk management guidelines and regulatory requirements. Collaborate with the Risk and Compliance teams to mitigate any potential risks related to the transactions.
• Reporting & Analysis: Provide regular reports on operational activity to senior management as needed. Identify opportunities for process optimization and automation to improve efficiency. Stay up to date with relevant regulations and ensure that all derivatives and international sales and trading activities comply with applicable laws (including OFAC and Dodd-Frank). Lead systems and platform upgrades to our derivatives and foreign exchange management system.
• Training & Development: Mentor and provide guidance to team members. Responsibility and ownership of cross-training across all departmental functions. and internal departments.
• Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
• Adheres to Bank policies and procedures and completes required training.
• Identifies and reports suspicious activity.

SUPERVISORY RESPONSIBILITIES

• Supervises function, projects or services and/or one or more employees, as applicable.
• Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems.

EDUCATION

Bachelor's Degree in Finance, Economics, Business Administration, or a related field.

EXPERIENCE

• 10+ years experience managing and supporting international payments and derivatives sales & trading operations.

KNOWLEDGE, SKILLS AND ABILITIES

• Professional expertise, knowledge and understanding of Capital Markets products which are sold by a regional financial institution.
• Strong knowledge of financial markets, derivatives products, and risk management.
• Excellent leadership and team management skills.
• Proficiency in relevant software and trading platforms (Chatham, DerivativePath, Fiserv, Finzly, and/or similar trading systems).
• Analytical mindset with the ability to solve complex problems.
• Attention to detail, strong communication, and interpersonal skills.
• Extensive Microsoft Office skills (Outlook, Word, Excel, PowerPoint).