Derivatives Onboarding Analyst

Manulife • OH

66d • $61,350 - $102,250

About The Position

The Derivatives Onboarding Analyst will report to the Director of Derivatives Onboarding within the Global Derivatives Services team. The Derivatives Onboarding team supports the Manulife Asset Management and Life Insurance businesses globally by performing all setup steps necessary for derivatives trading. This role will be accountable for the execution of a best-practices in onboarding and broker relationship management in support of the organization’s exchange-traded, over-the-counter and centrally-cleared derivative requirements. You will be dedicated, assertive, organized and highly professional. The candidate will have a combination of derivatives industry experience, onboarding experience, relationship management skills, and practical business insight.

Requirements

• Relevant undergraduate education or advanced degree - Business Administration, Finance, Economics, etc. required.
• Minimum 3 years of meaningful industry experience with at least 1 years of hands-on experience in derivative products.
• Familiarity with derivative instruments including repos, TBAs, futures, listed and OTC options, FX, Swaptions, OTC swaps and centrally cleared swaps.
• Familiarity with derivatives trading and collateral agreements such as Clearing Agreements, Give-Ups, ISDA/CSAs, GMRAs and MSFTAs.
• Familiarity with MS Office suite.
• Proven interpersonal skills and a high degree of integrity combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities.
• Teammate with demonstrated experience building and maintaining good working relationships both internally and externally.
• Excellent analytical skills and the ability to think through problems, assess a variety of factors and recommend solutions.

Nice To Haves

• Insurance Company and Asset Manager industry experience an asset.
• Familiarity with various fund structures: mutual funds, pooled funds, private funds, UCITS, institutional accounts and life insurance general account.

Responsibilities

• Receive and assess derivatives trading requests from Relationship Management, Product Management and Portfolio Managers.
• Facilitate the derivatives trading approval process and ensure that there is a governance structure around the onboarding of new accounts trading derivatives.
• Maintain status dashboards of derivatives approval and onboarding requests.
• Support Traders need for the best execution by setting up the full range of desired derivatives brokers.
• Oversee the derivatives trading related onboarding functions for new accounts and new brokers.
• Lead derivatives trading operational readiness within the Global Derivatives Services team including middle office, operations and collateral management.
• Coordinate with Legal Services to ensure that proper legal agreements are put in place to support derivatives trading.
• Ensure that all account, broker onboarding and legal documentation is maintained.
• Maintain an accurate and complete matrix of accounts, authorized derivative products, derivatives legal agreements and active brokers.
• Contribute to the successful management of external broker relationships.
• Work with the Derivatives Solutions team to support the setup of technology to facilitate trading of new derivative product types.
• Take ownership of side projects to clean up records and validate broker setups.
• Contribute to the harmonization of the derivatives onboarding process with the Asia Derivatives Services team in Hong Kong.
• Continuously evaluate, identify and recommend practices and controls that will increase process efficiency and mitigate financial and operational risks.

Benefits

• Health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage.
• Adoption/surrogacy and wellness benefits.
• Employee/family assistance plans.
• Retirement savings plans (including pension and a global share ownership plan with employer matching contributions).
• Financial education and counseling resources.
• Generous paid time off program including holidays, vacation, personal, and sick days.
• Full range of statutory leaves of absence.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree