OTC Derivatives Analyst
Company: CFA Institute
Location: Boston
Posted on: September 25, 2022
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Job 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 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
As part of the InvesTech group, the OTC Derivatives Analyst
position 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 individual
will continually look for opportunities to create efficiencies
within these tasks through workflow enhancements and technology.
The individual will work daily with our Brokers, Trading and
Technology teams to ensure timely trade capture in multiple
internal systems, processing of lifecycle events (rate resets,
account openings, etc.) and resolution of reconciliation issues.
The individual position will also work closely with our outsourced
partner, State Street IMS West.
The OTC Derivatives Analyst will be responsible for monitoring and
processing the life cycle events (settlements, corporate actions)
of OTC Derivatives trades. Because of the complexity and manual
nature of some functions, this position will continually look for
opportunities to create efficiencies (automated or manual) in the
processing, reporting and reconciliation of derivatives. While the
individual will work in a team-oriented environment, many projects
will be self-directed, often under intense deadline pressures.
RESPONSIBILITIES
--- 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 to State Street IMS West
--- Serve as an escalation point for resolution of trade
communication and settlements queries raised by dealers, State
Street IMS West, 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
QUALIFICATIONS
--- Familiarity with, or interest in, OTC Derivatives
--- Exposure to back and middle office operations
--- Knowledge of trade communication, settlements, swaps, and
corporate actions are a plus
--- Proficiency with Excel (Macros etc.) and SQL preferred
--- Be a self-starter and independent thinker
--- Demonstrate independent judgment and analysis
--- Possess strong interpersonal skills needed to work with the OTC
Derivatives team and management
--- Be well organized, motivated, and possess strong
problem-solving skills
--- Have demonstrated analytical and writing skills, and effective
communication skills
--- High level of attention to detail
--- Have an undergraduate degree and strong academic record
--- 0-4 years of relevant industry experience is 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 . 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 .
Keywords: CFA Institute, Boston , OTC Derivatives Analyst, Professions , Boston, Massachusetts
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