Derivatives Operations Senior Analyst
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 Senior 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. Given the complexity and manual nature of certain processes, the Analyst is expected to identify and drive efficiency improvements through workflow, reporting, and reconciliation enhancements. 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
- 2–5 years of experience in collateral management
- Strong understanding of OTC derivatives products
- Experience with OTC agreements (ISDA, GMRA/MRA, etc.) 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; experience with Python and SQL preferred
- Experience with Calypso Collateral, TriOptima, and Acadia a plus
- Experience with agentic applications 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
- Support regulatory requirements related to margin and collateral (e.g., uncleared margin rules)
- Act as a steward of risk and controls by maintaining strong documentation, procedures, and a focus on accuracy and quality
- Identify and support front‑to‑back process improvements, including automation and system enhancements, to strengthen efficiency and controls
- Serve as a subject‑matter resource and escalation point for issues raised by internal and external stakeholders, including clients, custodians, accounting agents, trading, and portfolio managers
- Participate in industry working groups to assess new regulatory developments
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)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
