Sr. Derivatives Operations Analyst

Pacific Life • Newport Beach, CA

2d • $48 - $59 • Onsite

About The Position

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own. We are seeking a highly skilled Sr. Derivatives Operations Analyst to join our Derivative Operations Team in Newport Beach, CA. This is an onsite role. As a Sr. Derivatives Operations Analyst, you will play a critical role in supporting Pacific Life’s growth and long-term success by providing comprehensive operational coverage for Traders and Portfolio Managers executing financial derivatives on behalf of the firm and its entities. This position is part of a collaborative team of six within the Pacific Life Investments (PLI) division. How you’ll help move us forward: Collaborate with colleagues, custodian banks, external partners, and internal departments including Front Office, Accounting, Audit, Treasury, Compliance, Legal, and Risk Management. Ensure timely settlement of all cash flows related to traded instruments. Maintain comprehensive knowledge of OTC and exchange-traded derivatives including trade execution, clearing, valuation, confirmation, affirmation, reconciliation, and settlement processes. Review and resolve valuation discrepancies within established deadlines. Work effectively both independently and within a team environment to meet strict deadlines and manage multiple priorities with minimal supervision. Apply best practices and leverage internal and external insights to enhance products, services, and operational workflows.

Requirements

• 5+ years derivatives experience working in investment operations/middle office role in asset management, hedge fund, or investment banking.
• College degree in finance, accounting, or similar discipline, is preferred.
• Thorough understanding of investment operations, new concepts and regulations and technology being used, including trading workflows and typical systems involved.
• Basic knowledge of Generally Accepted Accounting Principles (GAAP) and Statutory (STAT) relating to securities investments.
• Detailed knowledge and experience of providing full operational support to trading and portfolio management across Exchange traded and all Bilateral OTC Derivative instruments.
• With minimal supervision, able to work with internal and external parties to resolve complex issues.
• Demonstrated proficiency in performing all responsibilities by following documented processes and procedures, while exhibiting attention to detail and accuracy while showing initiative to help improve or redesign key processes.
• Advanced research, problem solving, and resolution skills, including familiarity with legal documents and internal files related to securities owned.

Nice To Haves

• Thorough working knowledge of complex security types, including Bilateral OTC (IRS, Cross Currency, Equity TRS, CDS, Options, Forwards), Cleared and Exchange-traded products
• Experience and ability to leverage the following systems: Bloomberg, Calypso, MarkitWire, ePam, and TriResolve.
• Proven history of self-driven process improvements involving IT resources to increase scalability and reduce manual errors/risks.
• Strong analytical and problem-solving skills, including ability to work with legal documents and internal files related to securities.

Responsibilities

• Collaborate with colleagues, custodian banks, external partners, and internal departments including Front Office, Accounting, Audit, Treasury, Compliance, Legal, and Risk Management.
• Ensure timely settlement of all cash flows related to traded instruments.
• Maintain comprehensive knowledge of OTC and exchange-traded derivatives including trade execution, clearing, valuation, confirmation, affirmation, reconciliation, and settlement processes.
• Review and resolve valuation discrepancies within established deadlines.
• Work effectively both independently and within a team environment to meet strict deadlines and manage multiple priorities with minimal supervision.
• Apply best practices and leverage internal and external insights to enhance products, services, and operational workflows.

Benefits

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
• Paid Parental Leave as well as an Adoption Assistance Program
• Competitive 401k savings plan with company match and an additional contribution regardless of participation

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees