Derivative Trade Operations Analyst

Derivative Trade Operations Analyst

Derivative Trade Operations

Full-time

Boston, MA or Springfield, MA

The Opportunity

As a Derivative Trade Operations Analyst, you will work in a fast paced, time-sensitive, collaborative environment. The individual will apply finance, investment knowledge and/or other technical skills within the middle office role. This role is directly involved with multiple projects including working with all functional areas within MassMutual, Barings, Business Analysts and our Investment Managers. The collaboration within the multiple business areas is a key component towards our new Target Operating Model (TOM).

The Team

The Analyst will report to the Director of Derivative Trade Operations within the Investment Management Division. The team is responsible for trade lifecycle management that includes validation, processing and confirmation. The effort entails the implementation of project BEAM and project Ballast to streamline trade ingestion processes within our ecosystem. There is continuous development and knowledge growth for the team as new Derivative products are onboarded which makes this team unique. The team is also engaged in the design and configurations of the trade processing workflows related to our new ecosystem.

The Impact:

Provide in-depth analysis on various Derivative products for conversion to a new system. Responsible for learning and onboarding new Derivative products and the associated life cycle events. Perform daily reconciliations for exchange traded and over-the-counter derivatives. Assist with development of procedures to facilitate business processes. Work with programmers to identify and correct data errors and identify necessary workflow and/or systems changes.

Processing of Derivative trades into current and future Derivative platforms

Resolving trade booking issues through communication with System Administration Team, Investment Management and Front Office Traders

Perform daily trade position reconciliations, including issue resolution using TriOptima and informing the appropriate business areas within the ecosystem of discrepancies

Responsible for the daily trade confirmation processing including aged reporting

Initiate and assist with broker relationships including Counterparty onboarding

Process allocations to different lines of business for various derivative products such as FX forwards, interest rate swaps, cross currency swaps, zc swaps, and swaptions hedging specific investments

Supports the Derivative Life Cycle for both the Front Office and the Back-Office areas including Investment Management, Traders, Accounting and Tax

Liaise with data management teams for security master lifecycle event management

Monitoring and processing of NY DUP balancing of positions and transactions to report to the Investment Committee

Analysis for settlement discrepancy, review and resolution

Liquidation of Futures and Mortgage Backed Forwards

Completing periodic Audit, Sarbanes Oxley and Quarterly Schedule DB reporting

The Minimum Qualifications

Bachelor’s degree in Finance, Accounting, Business Management, or other related field

2+ years of investment trade operations experience with an understanding of systems and data management

1+ years of understanding of investment operations processes and related data workflows and integration

1+ years of ability to work with investment data providers and consumers to analyze, recognize issues and assist in issue resolution

The Ideal Qualifications

2+ years of OTC and Exchange Traded Derivatives

1+ years of TriOptima portfolio reconciliation

1+ years of Calypso/Adenza Investment Systems

1+ years of Murex Systems

1+ years of experience in Life Insurance

Strong collaboration skills and ability to work in a team-based environment

Effective communication skills with ability to address and resolve disputes t

Adapts to a fast-paced, high-intensity environment

Ability to organize and prioritize tasks to achieve deadlines

What to Expect as Part of MassMutual and the Team

Regular meetings with the Derivative Trade Operations team

Focused one-on-one meetings with your manager

Access to mentorship opportunities

Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups

Access to learning content on Degreed and other informational platforms

Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-MM1

Salary Range:$78,000.00-$102,400.00

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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