Derivative Operations Manager (Asset Management)

TL;DR

Derivative Operations Manager (Asset Management): Overseeing the post-trade workflow of OTC and ETD products with an accent on pricing and collateral management. Focus on managing outsourced providers, ensuring regulatory compliance, and automating manual processes through technology.

Location: Hybrid (Chicago, USA)

Salary: $130,000 - $150,000 yearly

Company

L&G's Asset Management business is a major global investor with $1.533 trillion in AUM focused on creating long-term value for clients.

What you will do

• Manage the team overseeing OTC and ETD trade booking and life-cycle management.
• Oversee daily cash and position reconciliations for derivatives activity.
• Handle daily collateral and margin moves for bilateral OTC, cleared OTC, and ETD.
• Lead the oversight of State Street Alpha (outsourced provider) for all derivatives activities.
• Ensure compliance with GIPS standards, SOC1, internal audits, and regulatory requirements.
• Identify and implement technological solutions to automate manual processes.

Requirements

• 10+ years of experience in derivative operations.
• Proven experience leading and mentoring a team.
• Expertise in Charles Rivers CRIMS.
• Technical knowledge of IRS, CDS, Options, Futures, TRS, and FX Forwards.
• Experience with vendor platforms including Markitwire, DTCC, and Icelink.
• Familiarity with ISDA definitions and collateral management principles.

Nice to have

• Knowledge of SQL.
• Knowledge of Power Automate.

Culture & Benefits

• Participation in annual discretionary bonus plan.
• Comprehensive health insurance with optional HSA.
• 401K retirement plan.
• Paid vacation and sick time.
• Commuter and transit programs.