OTC Derivatives Analyst

Wellington Management Company, LLP
Boston, MA, USA
03 Aug 2018
08 Aug 2018
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

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 50 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.


Keys to the Position      

1.  We are seeking a strong back and middle office Operations background that is focused on OTC Derivatives. 

2.  Knowledge of Trade Communication, Settlements, Equities and Swaps are a plus.

3.  Sources:  Sell side or Dealer shops (i.e. JP Morgan, Deutsche Bank, Goldman Sachs), Hedge Funds, other Asset Managers (i.e. Bain, GMO, SSGA).

As part of the Derivatives Data group, the 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 Derivatives Analyst will continually look for opportunities to create efficiencies within the aforementioned tasks through workflow and technology. The Derivatives Analyst will work daily with our Brokers and Trading and Technology teams internally to ensure timely trade capture in multiple internal systems, processing of lifecycle events (rate resets, account openings, etc.) and resolution of reconciliation issues. The Derivative Analyst position will also work closely with our outsource partner, State Street IMS West.

Primary responsibilities:

  • Take a lead role in analyzing and implementing data requirements needed to support complex derivatives in Calypso and other enterprise technology
  • Daily reconciliation of OTC trade attributes between Calypso and multiple internal (Security Master File, Geneva, and trading platforms) and external (dealer portals, trade file exchanges, etc.) applications
  • 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
  • Initiating new account on-boarding with both internal and external partners
  • 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 identify opportunities for improvement
  • Actively participating in industry working group

The ideal candidate is highly knowledgeable of OTC derivatives across asset classes (Rates, Credits, Equity and Commodity) with a focus on Equity OTC. An ideal candidate would have a derivative middle office background, be intimately familiar with the OTC life-cycle process, and have a working understanding of the operational impact of pending regulatory change.   The candidate must have a Bachelor's degree and at least 4 years of derivatives experience.  An MBA or CFA, or progress towards either is a plus. This position requires independent judgment and decision making.  The individual must be well organized, motivated, and possess strong problem solving skills.  The successful candidate will have demonstrated analytical and writing skills, effective communication skills, and a high level of attention to detail.  While the Derivative Analyst will work in a team-oriented environment, most projects will be self-directed, often under intense deadline pressures.

OTC Derivatives Analyst

Portfolio Services

100 Federal Street

As an equal opportunity employer, Wellington Management considers all qualified applicants will receive 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 Wellington@icareerhelp.com .

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