Derivatives Onboarding Analyst

Role Overview

• Receive and assess derivatives trading requests from Relationship Management, Product Management and Portfolio Managers
• Facilitate the derivatives trading approval process and ensure that there is a governance structure around the onboarding of new accounts trading derivatives
• Maintain status dashboards of derivatives approval and onboarding requests
• Support Traders need for the best execution by setting up the full range of desired derivatives brokers
• Oversee the derivatives trading related onboarding functions for new accounts and new brokers
• Lead derivatives trading operational readiness within the Global Derivatives Services team including middle office, operations and collateral management
• Coordinate with Legal Services to ensure that proper legal agreements are put in place to support derivatives trading
• Ensure that all account, broker onboarding and legal documentation is maintained
• Maintain an accurate and complete matrix of accounts, authorized derivative products, derivatives legal agreements and active brokers
• Contribute to the successful management of external broker relationships
• Work with the Derivatives Solutions team to support the setup of technology to facilitate trading of new derivative product types
• Take ownership of side projects to clean up records and validate broker setups
• Contribute to the harmonization of the derivatives onboarding process with the Asia Derivatives Services team in Hong Kong
• Continuously evaluate, identify and recommend practices and controls that will increase process efficiency and mitigate financial and operational risks

Requirements

• Relevant undergraduate education or advanced degree
• Business Administration, Finance, Economics, etc.
• Minimum 3 years of meaningful industry experience with at least 1 years of hands-on experience in derivative products
• Familiarity with derivative instruments including repos, TBAs, futures, listed and OTC options, FX, Swaptions, OTC swaps and centrally cleared swaps
• Familiarity with derivatives trading and collateral agreements such as Clearing Agreements, Give-Ups, ISDA/CSAs, GMRAs and MSFTAs
• Familiarity with MS Office suite
• Proven interpersonal skills and a high degree of integrity combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities
• Excellent analytical skills and the ability to think through problems, assess a variety of factors and recommend solutions
• Insurance Company and Asset Manager industry experience an asset
• Familiarity with various fund structures: mutual funds, pooled funds, private funds, UCITS, institutional accounts and life insurance general account

Benefits

• Health insurance
• Dental
• Mental health support
• Vision insurance
• Short
• and long-term disability
• Life and AD&D insurance coverage
• Adoption/surrogacy benefits
• Wellness benefits
• Employee/family assistance plans
• Pension plans
• Global share ownership plan with employer matching contributions
• Financial education and counseling resources
• Generous paid time off including holidays, vacation, personal, and sick days
• Full range of statutory leaves of absence