Derivatives Middle Office and Operations Associate

Location Designation: Hybrid - 4 days per week 

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.

What You’ll Do:

• 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

What You’ll Bring:

• 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.

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Pay Transparency

Salary Range: $75,000 - $100,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.​

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 volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID: 92748