Derivative Trade Operations Analyst

2 weeks ago


Springfield, United States MASSMUTUAL Full time

**Derivative Trade Operations Analyst**

**Derivative Trade Operations**

**Full-time**

**Boston, MA or Springfield, MA**

**The Opportunity**

**The Team**

The Analyst will report to the Director of Derivative Trade Operations within the Investment Management Division. The team is responsible for trade lifecycle management that includes validation, processing and confirmation. The effort entails the implementation of project BEAM and project Ballast to streamline trade ingestion processes within our ecosystem. There is continuous development and knowledge growth for the team as new Derivative products are onboarded which makes this team unique. The team is also engaged in the design and configurations of the trade processing workflows related to our new ecosystem.

**The Impact**:
Provide in-depth analysis on various Derivative products for conversion to a new system. Responsible for learning and onboarding new Derivative products and the associated life cycle events. Perform daily reconciliations for exchange traded and over-the-counter derivatives. Assist with development of procedures to facilitate business processes. Work with programmers to identify and correct data errors and identify necessary workflow and/or systems changes.
- Processing of Derivative trades into current and future Derivative platforms
- Resolving trade booking issues through communication with System Administration Team, Investment Management and Front Office Traders
- Perform daily trade position reconciliations, including issue resolution using TriOptima and informing the appropriate business areas within the ecosystem of discrepancies
- Responsible for the daily trade confirmation processing including aged reporting
- Initiate and assist with broker relationships including Counterparty onboarding
- Process allocations to different lines of business for various derivative products such as FX forwards, interest rate swaps, cross currency swaps, zc swaps, and swaptions hedging specific investments
- Supports the Derivative Life Cycle for both the Front Office and the Back-Office areas including Investment Management, Traders, Accounting and Tax
- Liaise with data management teams for security master lifecycle event management
- Monitoring and processing of NY DUP balancing of positions and transactions to report to the Investment Committee
- Analysis for settlement discrepancy, review and resolution
- Liquidation of Futures and Mortgage Backed Forwards
- Completing periodic Audit, Sarbanes Oxley and Quarterly Schedule DB reporting

**The Minimum Qualifications**
- Bachelor’s degree in Finance, Accounting, Business Management, or other related field
- 2+ years of investment trade operations experience with an understanding of systems and data management
- 1+ years of understanding of investment operations processes and related data workflows and integration
- 1+ years of ability to work with investment data providers and consumers to analyze, recognize issues and assist in issue resolution

**The Ideal Qualifications**
- 2+ years of OTC and Exchange Traded Derivatives
- 1+ years of TriOptima portfolio reconciliation
- 1+ years of Calypso/Adenza Investment Systems
- 1+ years of Murex Systems
- 1+ years of experience in Life Insurance
- Strong collaboration skills and ability to work in a team-based environment
- Effective communication skills with ability to address and resolve disputes t
- Adapts to a fast-paced, high-intensity environment
- Ability to organize and prioritize tasks to achieve deadlines

**What to Expect as Part of MassMutual and the Team**
- Regular meetings with the Derivative Trade Operations team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

LI-MM1

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.



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