Derivatives Operations Analyst
- Employer
- Wellington Management Company, LLP
- Location
- London, United Kingdom
- Salary
- Competitive
- Closing date
- Mar 29, 2023
View more
- Job Function
- Portfolio Management: Alternatives
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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About Us
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.
About the Role
JOB OVERVIEW
As part of the Derivatives Operations Group, the Derivatives Operations Analyst will be primarily responsible for supporting post-execution lifecycle processes for Futures, Listed Options, and Cleared OTC products. This will encompass the reconciliation and instruction of daily variation and initial margin requirements, processing of accounting postings, post-value control reconciliations, as well as managing queries and troubleshooting issues from both internal and external parties. In addition, the Analyst may also support the OTC and TBA collateral processes. The Analyst will continually look for opportunities to create efficiencies within these tasks through workflow and technology enhancements and to improve the overall control framework of the processes wherever possible. While the Derivatives Operations Analyst will work in a team-oriented environment, most projects will be self-directed, often under deadline pressures.
RESPONSIBILITIES
• Daily review of variation and initial margin calls from brokers and investigate discrepancies
• Daily post-value cash reconciliations of collateral and margin movements
• Daily control reconciliations including holdings, collateral, and currency balances between our internal accounting, clearing brokers, custodians, and clearing houses
• Serve as an escalation point for incoming queries and issues raised by portfolio managers, trading, clients, custodians, and clearing brokers
• Manage new account onboardings and account closures in a timely manner
• Identify and drive projects to improve front to back process efficiency
• Identify areas of improvement to increase the effectiveness of process controls
• Participate in industry working groups to identify new clearing opportunities and potential challenges of regulatory changes
QUALIFICATIONS
• Excellent written and verbal communication skills
• Strong analytical and problem-solving skills
• High attention to detail and well organized while under deadline pressures
• Demonstrated independent judgment and decision-making
• A strong team player, with ability to work in collaboration across teams
• Intellectual curiosity and interest to learn independently and from peers
• Knowledgeable of cleared derivatives products and processes
• Familiar with the Futures, Options, and Cleared OTC lifecycle processes
• Understanding of the operational impact of pending regulatory change
Keys to the Position
• Derivatives margin, collateral, and lifecycle knowledge
• Understanding of clearing futures, options, and swaps is preferred
• Back and middle office operations experience, including reconciliations, trade communication, and settlements, is ideal
• Technical expertise, such as excel and SQL, is a plus
Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.
About the Role
JOB OVERVIEW
As part of the Derivatives Operations Group, the Derivatives Operations Analyst will be primarily responsible for supporting post-execution lifecycle processes for Futures, Listed Options, and Cleared OTC products. This will encompass the reconciliation and instruction of daily variation and initial margin requirements, processing of accounting postings, post-value control reconciliations, as well as managing queries and troubleshooting issues from both internal and external parties. In addition, the Analyst may also support the OTC and TBA collateral processes. The Analyst will continually look for opportunities to create efficiencies within these tasks through workflow and technology enhancements and to improve the overall control framework of the processes wherever possible. While the Derivatives Operations Analyst will work in a team-oriented environment, most projects will be self-directed, often under deadline pressures.
RESPONSIBILITIES
• Daily review of variation and initial margin calls from brokers and investigate discrepancies
• Daily post-value cash reconciliations of collateral and margin movements
• Daily control reconciliations including holdings, collateral, and currency balances between our internal accounting, clearing brokers, custodians, and clearing houses
• Serve as an escalation point for incoming queries and issues raised by portfolio managers, trading, clients, custodians, and clearing brokers
• Manage new account onboardings and account closures in a timely manner
• Identify and drive projects to improve front to back process efficiency
• Identify areas of improvement to increase the effectiveness of process controls
• Participate in industry working groups to identify new clearing opportunities and potential challenges of regulatory changes
QUALIFICATIONS
• Excellent written and verbal communication skills
• Strong analytical and problem-solving skills
• High attention to detail and well organized while under deadline pressures
• Demonstrated independent judgment and decision-making
• A strong team player, with ability to work in collaboration across teams
• Intellectual curiosity and interest to learn independently and from peers
• Knowledgeable of cleared derivatives products and processes
• Familiar with the Futures, Options, and Cleared OTC lifecycle processes
• Understanding of the operational impact of pending regulatory change
Keys to the Position
• Derivatives margin, collateral, and lifecycle knowledge
• Understanding of clearing futures, options, and swaps is preferred
• Back and middle office operations experience, including reconciliations, trade communication, and settlements, is ideal
• Technical expertise, such as excel and SQL, is a plus
Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .
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