Analyst, Derivatives

Brookfield Asset Management•Toronto, ON

22h•Onsite

About The Position

Brookfield Wealth Solutions (“BWS”) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance. Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses. Position Summary Reporting to the Director, Derivatives Operations, the Derivatives Analyst will support all aspects of middle-office processes for derivative products within Brookfield Wealth Solutions (BWS). This role will partner closely with BWS’s global derivatives team, as well as Finance, Legal, Compliance, Risk, and Technology teams, to ensure accurate trade support, lifecycle management, collateral and margin processing, and regulatory compliance. The Derivatives Analyst will also work regularly with front-office teams, counterparties, and external service providers to resolve trade discrepancies, enhance operational processes, and maintain a strong control environment.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, or a related field.
5–8 years of experience in derivatives middle office, trade support, or related investment operations roles within an insurance company, asset manager, bank, or hedge fund.
Experience working with derivatives products including, but not limited to, currency swaps, interest rate swaps, equity options, FX forwards, spot FX, and repurchase agreements, as well as knowledge of collateral settlement processes for these instruments.
Strong understanding of ISDA/CSA agreements, lifecycle events, margining, and derivatives regulations.
Proficiency with OMS/PMS platforms and industry tools such as Bloomberg, Aladdin, Numerix, Markit, and TriOptima, as well as advanced Excel skills.
Excellent written and verbal communication skills, with the ability to effectively present information and respond to questions from internal stakeholders and external counterparties.
Strong analytical and problem-solving skills, with the ability to manage practical issues and multiple variables in environments with limited standardization.
Ability to operate effectively in a fast-paced, deadline-driven environment while maintaining strong attention to detail and appropriately prioritizing competing issues.

Responsibilities

Oversee end-to-end middle-office processes for derivative products, including trade confirmations, settlement instructions, discrepancy resolution, daily margin reconciliations, collateral management, and reporting.
Ensure accurate and timely trade entry into order management and portfolio management systems.
Liaise with front-office teams, finance teams, and counterparties to resolve trade discrepancies and improve straight-through processing.
Lead daily, weekly, and monthly reconciliations across internal systems, brokers, and custodians.
Review and validate independent valuations, sensitivities, and financial reporting inputs.
Investigate and resolve breaks related to market values, cash flows, and collateral balances, including root-cause analysis and remediation.
Manage variation and initial margin processes across bilateral and cleared derivatives.
Optimize collateral utilization while ensuring compliance with CSA terms, regulatory requirements (e.g., Uncleared Margin Rules), and insurer liquidity frameworks.
Monitor margin disputes, collateral calls, haircuts, and eligibility schedules.
Support the negotiation and maintenance of ISDA Master Agreements, CSAs, clearing documentation, and related trading agreements.
Communicate effectively with counterparties to resolve disputed trade details and cash flow discrepancies in a timely manner.
Partner with Legal, Compliance, and Risk teams to ensure documentation aligns with regulatory requirements and the company’s risk appetite.
Coordinate counterparty onboarding, KYC processes, and ongoing due diligence activities.
Maintain a strong control environment, including adherence to SOX requirements, model governance standards, investment policies, and derivatives usage policies.
Ensure compliance with regulatory reporting requirements, including Dodd-Frank, EMIR, and applicable insurance regulations such as NAIC, OSFI, and Solvency II.
Develop and maintain procedural documentation, workflows, and internal service level agreements (SLAs).
Collaborate with Technology teams to enhance derivatives systems, data quality, reporting capabilities, and automation initiatives.
Identify and implement process improvements to increase efficiency and reduce operational risk.
Lead or support system migrations, vendor evaluations, and integrations with trading platforms, clearing brokers, and custodians.