Senior Client Counterparty Agreement Analyst

Wellington Management Company, LLP
Boston, USA
Sep 01, 2022
Sep 25, 2022
Job Function
Industry Sector
Finance - General
Employment Type
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.

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

The Senior Client Counterparty Agreement Analyst role, within the Derivatives Operations and Technology Team, will work with Trading, Legal, Client Service, other internal Wellington teams and external brokers to successfully onboard new and existing clients to counterparty derivative agreements. Additional responsibilities include working to streamline the overall onboarding process with counterparties through relationship management and technology solutions, maintaining active agreements, planning for the overall impact of upcoming derivative regulations, and capturing key agreement terms in current firm systems, as well as soon-to-be-created data repositories.

  • Identify new client accounts for derivatives onboarding and initiate onboarding process with counterparties
  • Work to define and maintain service level agreements (SLAs) with our counterparties that govern servicing expectations, as well as escalation/remedial actions for SLA breaches
  • Leverage our counterparty relationships to implement changes to better scale our business (i.e., Markit RFA implementation), and identify technology solutions to manage communications
  • Work closely with IHS Markit to help scale our use of their strategic workflow took, Markit Onboarding Accelerator, which was implemented internally at the end of 2020
  • Negotiate select business terms and, with support from the Derivatives Legal team, manage the umbrella legal agreements and amendment process with counterparties for new and existing accounts
  • Partner with the Client Services Group to establish communication channels with counterparties
  • Ensure consistency of documentation/deliverables, sharing of best practices and improving coordination and communication between client teams and the counterparties related to document submissions
  • Facilitate the collection and review of required documentation
  • Post required documentation to Markit and ensure client confidentiality standards are maintained
  • Coordinate lifecycle hand-off with Client Transaction Services
  • Respond to counterparty KYC and other broker requests related to client documentation for onboardings
  • Work closely with IT, Trading, and Guideline Monitoring to enhance end-to-end broker restriction management
  • Support the ongoing counterparty/client optimization analysis and remedial actions, including the prompting of client onboarding/offboarding exercises
  • 6+ years buy-side or sell-side experience in derivatives, specifically with a focus on client onboarding
  • Expertise in investment management operations and workflow processes
  • Derivatives onboarding experience is required
  • Demonstrated success on projects and working effectively in working groups
  • Ability to clearly define a business problem, and a roadmap with potential solutions
  • Ability to synthesize, condense and convey complex information to key stakeholders in clear, digestible, and simple terms
  • Expertise across derivative regulations, both past and present, specifically through the lens of derivative agreements
  • Service oriented; ability to balance policy standards with a business perspective
  • Strong academic credentials
  • Excellent interpersonal, verbal, and written communication skills
  • Strong business judgement and analytical skills
  • Deadline focused, organized self-starter with the ability to manage and prioritize multiple projects and issues
  • Ability to identify, research and resolve unfamiliar issues
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 .
  • You need to sign in to save