Derivative Operations Manager, L&G - Asset Management, America

LegalAndGeneral•Chicago, IL

5d•Onsite

About The Position

L&G's Asset Management business is a major investor across public and private markets worldwide, with $1.533 trillion in AUM. Our clients include individual savers, pension scheme members and global institutions, who invest alongside L&G’s own balance sheet. Our ambition is to be a leading global investor, innovating to solve complex challenges for our clients using the power of L&G. This is rooted in our investment philosophy and processes, which are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can generate value and drive positive change. Investment Operations oversees all post-trading activities including settlements, reconciliations, transfers, collateral management, and pricing. L&G Asset Management America is currently seeking a candidate to serve as a Derivative Operations Manager. The successful candidate will be responsible for overseeing the post-trade workflow of OTC and ETD products including pricing and collateral management. They will manage the oversight of State Street Alpha (outsourced provider) for all derivatives and collateral activities, and oversee strategic objectives and ensuring team member’s objectives are also aligned.

Requirements

Proven experience (10+ years) of derivative operations experience
Experience leading and mentoring a team
Charles Rivers CRIMS experience
Understanding of Equities, ETFs, and FX
Technical knowledge of derivative products including but not limited to Interest Rate Swaps (IRS), Credit Default Swaps (CDS), Options, Futures, Total Return Swaps (TRS), FX Forwards
High aptitude of collateral management principles
ETD and Cleared/Uncleared OTC
Knowledge of pricing techniques for OTCs (including IRS, CDS, Options, TRS)
Experience using vendor platforms including Markitwire, DTCC, and Icelink
Familiarity with ISDA definitions
Excellent organizational and problem-solving skills

Nice To Haves

Knowledge of SQL and Power Automate is a plus

Responsibilities

Overseeing the post-trade workflow of OTC and ETD products including pricing and collateral management.
Manage the oversight of State Street Alpha (outsourced provider) for all derivatives and collateral activities.
Oversee strategic objectives and ensuring team member’s objectives are also aligned.
Overall management of the team who has oversight of the following tasks: OTC and ETD trade booking and life-cycle management
Daily reconciliations of cash and positions related to derivatives activity
Daily collateral and margin moves for bilateral OTC, cleared OTC and ETD
End of day blotters and client reports
Assist with onboarding and fund setups
Provide sign-off for appropriate controls
Ensure documentation and other regulatory requirements are met with respect to GIPS standards, SOC1 and internal audit and regulatory requirements
Strive for excellence in people management, displaying an empathetic leadership style, leading by example
Manage the implementation of change in the team, challenge assumptions and adapt or generate imaginative and innovative ideas for improvements to policies and operational systems globally
Cross-train with global partners to enhance capabilities and coverage
Proactively look for opportunities to leverage technology to automate manual processes

Benefits

Annual discretionary bonus plan
Health insurance with an optional HSA
Short term disability
Long term disability
Dental insurance
Vision care
Life insurance
Healthcare, Dependent and Limited Care Flexible Spending Accounts
401K
Vacation
Sick time
Employee assistance program
Commuter and transit programs
Supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance
Pet insurance