Derivative Operations Associate

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Date: Apr 7, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM’s vision is to be one of the most trusted providers of investment management expertise and long-term financial security.

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

Role Overview:

NYL Investors LLC, an integrated asset management enterprise with over $250 billion in assets under management is currently seeking a Securities Operations Associate within its Derivative Operations group to assist with collateral management and derivative settlements (cleared and OTC).

Responsibilities:

  • Review and maintain margin balances related to Derivatives and MBS in a timely and accurate manner to ensure proper collateralization.
  • Review and communicate cash and securities collateral movements with counterparties.
  • Communicate daily collateral movements to Cash Forecasting team.
  • Confirm and exchange interest on collateral monthly with various brokers for derivative and MBS cash collateral.
  • Monitor OTC derivative and cleared trade settlements and confirmations.
  • Respond to departmental inquiries resolving questions and concerns regarding OTC and Cleared Derivatives.
  • Participate in team projects to enhance workflow and support changes in industry regulations related to derivatives.
     

 Qualifications: 

  • Bachelor’s Degree in business or Finance
  • 1+ years experience with Microsoft Excel
  • Knowledge of OTC Derivatives and Dodd-Frank regulations a plus
  • Strong systems skills a plus
  • Detail oriented
  • Good oral and written communication skills
  • Excellent interpersonal, teamwork and client service skills

 

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Job Requisition ID: 83313 

 


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