Derivatives Associate - Middle Office and Operations

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Date: Oct 5, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

 

 

When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.

 

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations. To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

 

Overview of Role:

The Derivative Middle Office and Operations Associate is responsible for supporting derivative trade confirmation, payment processing, and collateral management. This role requires frequent interaction with the Office of the Chief Investment Officer, Counterparties, Legal, Traders, and the Controllers Department.  This person will also be involved and take the lead in projects related to derivatives.

 

Description of Responsibilities:

• Communicate and confirm trade details with front office and external parties

•  Perform and review functions of collateral management

• Coordinate payments with external parties and resolve discrepancies

• Perform and review asset reconciliation related to derivative trades

• Test, provide input and feedback on system enhancements

• Stay apprised of industry regulations that can potentially affect the firm. Take part in its implementation and planning.

• Participate in departmental and interdepartmental projects

 

Qualifications:

• BA/BS in Business Administration with Finance concentration preferred

• 3+ years in Derivatives experience in an Insurance company or Investment Management firm is sought after

• Familiarity with derivative regulation related to Dodd-Frank and Uncleared Margin is preferred

• Advanced PC skills should include: Excel, Word, Access. Experience with Aladdin is a plus.

• Ability to create business specifications, test plans and implement changes to processes with

Technology is desired

• Strong interpersonal, oral, and written communication skills

 

 

#LI-JP1

 

Please note: During calendar year 2021, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.

Job Requisition ID: 84671

 

 

 

 

 


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