Derivatives Operations Analyst - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

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 than60 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 perspectiveswith 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 anda 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 reconciliationand 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 Analystmay 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 processeswherever 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 postvalue 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 problemsolving skills
High attention to detail and well organized while under deadline pressures
Demonstrated independent judgment and decisionmaking
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