Derivative Operations Analyst

1 week ago

London, Greater London, United Kingdom Wellington Management Company, LLP Full time
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.

About the Role

THE COMPANY
Tracing our roots to 1928, Wellington Management Company, LLP is one of the world's largest independent investment management firms. With over US$1 trillion in assets under management as of 30 June 2021, we serve as a trusted adviser to institutional clients and mutual fund sponsors in 65 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. At Wellington Management our appetite for technology is insatiable. We recognize that the world is full of fascinating questions that will impact the future of companies, economies, financial markets, and entire industries. We want you to help us find answers to these questions by building and evolving our innovative, industry leading, technology platform. We are seeking qualified candidates to join our evolving and expanding technology team. Together, you will not only dream up solutions to today's investment challenges, but you will build them in order to see real-life results.

POSITION
The Derivative Operations Analyst is part of the InvesTech Operations department. The Analyst will be primarily responsible for supporting the OTC settlement and post-execution lifecycle event process for all OTC derivative products. This will encompass exception-based management of the trade capture workflow, lifecycle event processing, multiple daily reconciliations, and new product implementation for all OTC derivative activity across a suite of applications. The Analyst will continually look for opportunities to create efficiencies within these tasks through workflow enhancements and technology. The Analyst will work closely with our brokers, vendors, service providers, client relationship teams, trading, and technology to ensure timely trade capture in multiple internal systems, processing of lifecycle events, responding to client inquiries, and troubleshooting critical issues. They will be involved in various projects by performing user acceptance testing and assisting with other implementation tasks. As part of a broader Derivatives Operations team, there will also be cross-team opportunities, including the potential to assist with margin, collateral, and clearing. Due to the complexity and manual nature of some functions, the Analyst will continually look for opportunities to create efficiencies in the processing, reporting and reconciliation of derivatives. While the Analyst will work in a team-oriented environment, many projects will be self-directed, often under intense deadline pressures.
RESPONSIBILITIES
  • Management of OTC derivative settlements by processing resets, unwinds, and other lifecycle events for all OTC derivative products
  • Management of outstanding trade and reconciliation breaks
  • Daily review of OTC trade communication to ensure that new trades and amendments are captured properly and subsequently communicated
  • Serve as an escalation point for resolution of trade communication and settlements queries raised by dealers, service providers, and client agents
  • Serve as a resource for internal teams handling OTC derivative-related queries and audit requests from clients and their agents
  • Processing exceptional events that impact OTC derivatives positions, including credit events, corporate actions, and client transitions.
  • Continuously identifying opportunities for improvement and assist in implementing necessary changes
  • Be a steward of risk and control frameworks, always keeping work quality and accuracy in mind
QUALIFICATIONS
  • Have familiarity with, or interest in, OTC derivatives
  • Experience with back and/or middle office operations
  • Be a self-starter and independent thinker
  • Demonstrate sound judgment and analysis
  • Possess strong interpersonal skills needed to work with the team and management
  • Be well organized, motivated, and possess strong problem-solving skills
  • Demonstrated analytical and writing skills, effective communication skills, and a high level of attention to detail
  • Have an undergraduate degree and strong academic record
  • 0-3 years of relevant industry experience is preferred
  • Technical proficiency, such as Excel (macros, etc.) and SQL preferred
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 .

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