Collateral Analyst

Wellington Management • Boston, MA

2d • $80,000 - $150,000 • Hybrid

About The Position

The Derivatives Operations team supports a broad range of post-execution activities, including collateral and margin processing, lifecycle event management, confirmations, and trade messaging for OTC instruments (rates, credit, TRS, options), futures, listed options, cleared OTC, MSFTA, and repo. This Derivatives Operations Analyst role will be responsible for managing daily collateral activity for our ISDA, GMRA/MRA and MSFTA agreements. This role ensures timely and accurate margin calls, movements, settlements, and reconciliations while supporting risk management. The Analyst will work closely with brokers, counterparties, client relationship teams, trading, and technology partners to ensure timely processing of collateral, respond to internal and external inquiries, and resolve complex issues. While the role is highly collaborative, many responsibilities are self-directed and require the ability to work accurately under tight deadlines.

Requirements

• Undergraduate degree with a strong academic record
• 2+ years of experience in investment operations
• Understanding of OTC derivatives products, agreements, and collateral a plus
• Strong communication skills, high attention to detail, and an analytical, problem-solving mindset
• Comfortable working in a fast-paced, high-volume environment
• Willingness to escalate issues and propose solutions
• Technical proficiency in Excel

Nice To Haves

• experience with Python and SQL preferred
• Experience with Calypso Collateral, TriOptima, and Acadia a plus

Responsibilities

• Calculate, issue, and respond to margin calls for OTC derivatives & MSFTA products
• Process collateral movements (cash and non-cash) and lifecycle events (coupons, interest, etc.) accurately and on time
• Monitor settlement and reconciliation activity, investigating and resolving failed trades, margin disputes, and valuation differences
• Monitor collateral balances and eligibility schedules, ensuring usage aligns with legal agreements and internal guidelines
• Act as a steward of risk and controls by maintaining strong documentation, procedures, and a focus on accuracy and quality

Benefits

• retirement plan
• health and wellbeing
• dental
• vision
• pharmacy coverage
• health savings account
• flexible spending accounts
• commuter program
• employee assistance program
• life and disability insurance
• adoption assistance
• back-up childcare
• tuition/CFA reimbursement
• paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level