Director, Derivative Operations

Role Overview

• Serves as the analyst for the Derivative Settlement Group
• Daily collateral management
• Trade capture of all derivative trades
• Security master set up and maintenance for all derivative trades
• Derivative Reporting
• Confirmation Management
• Reconciliations with dealers and accounting system
• Interest payment processing on all internal positions
• Interest payment monitoring on all external positions
• Monitoring of Reasonableness of Derivative Valuations and Implementation of Valuation New Pricing and Risk Models
• Providing standard risk reporting to internal managers
• Weekly and Monthly internal collateral reporting and process improvement implementation
• Market Data Maintenance
• Provide suggestions for and implementation of system improvements
• Regulatory Reporting (incl. Dodd-Frank)
• Compliance Management
• ISDA and FCM legal document management and support of changes due to regulatory updates

Requirements

• Bachelor’s Degree in Arts/Sciences (BA/BS) in Business, Business Administration, Accounting, Finance, Math, Science, or equivalent working experience
• 5+ years related work experience dealing with securities operations processes AND 3+ years of global derivative processing OR Internship at a Financial Services Firm dealing with derivative activities AND 4+ years related work experience dealing with securities operations processes INCLUDING 3+ years of global derivative processing OR RGA Internship AND 3+ years of global derivative processing
• Demonstrated ability to deal with complex issues and solve problems both within teams and independently
• Good communication skills (both written and verbal)
• Ability to work well within a team environment and participate in department projects
• Ability to be flexible when needed, take initiative, and demonstrate accountability
• Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
• Ability to set goals, multitask and prioritize workload
• Ability to balance detail with departmental goals/ objectives
• Ability to work independently
• Knowledge of derivative processing
• Knowledge of ISDA documentation
• Word and Excel abilities
• Advanced Banking or Brokerage industry knowledge (preferred)
• Reinsurance or insurance industry knowledge (preferred)
• Understanding of Relational Databases (preferred)
• Base Knowledge of Derivative Pricing (discounted cashflows) (preferred)
• System Knowledge of Derivative Trade Capture System (preferred)
• Chartered Financial Analyst (Passed Level 2 or better) (preferred)

Benefits

• Annual bonus plan
• Participation in long-term equity incentive plan
• Full range of health benefits
• Retirement plans