Overview
This role provides day-to-day derivatives operations support to investment portfolio managers, traders, investment reporting, risk, and compliance teams. The position supports middle- and back-office derivatives functions with a focus on trade lifecycle management, including confirmations and affirmations, collateral and margin management, settlements, and reconciliations.
This is a remote role with required travel to the Farmington, CT office for in-person events a few times per year.
Responsibilities
- Support the derivatives trade lifecycle, including trade capture, allocations, settlements, and lifecycle events.
- Manage the derivatives confirmations process, ensuring trades are accurately confirmed, affirmed, and processed within required timelines.
- Coordinate derivatives settlement activities, including pre-settlement confirmation, wire booking, and post-settlement monitoring.
- Provide oversight of collateral and margin activities, including margin calls, collateral movements, substitutions, returns, reclaims, and dispute resolution.
- Perform reconciliations and resolve exceptions across internal systems, custodians, counterparties, and accounting records, including breaks related to trades, positions, cash, collateral, and margin.
- Collaborate with internal and external stakeholders, including portfolio managers, traders, counterparties, brokers, custodians, accounting, risk, compliance, and technology teams.
- Support derivatives reporting, audits, and documentation to ensure accurate and timely information for internal and external stakeholders.
- Provide client support by responding to derivatives-related inquiries and ensuring investment information is communicated accurately and timely.
- Participate in special projects and process improvement initiatives, including automation, control enhancements, reporting, audit requests, and other ad hoc operational activities.
Requirements
- Bachelor’s degree or equivalent work experience.
- 2–5 years of cumulative, relevant experience.
- Excellent written and verbal communication skills.
- Strong attention to detail with an analytical orientation.
- Ability to multi-task and to work independently and in a team environment.
- Demonstrates a high level of motivation and initiative; results focused.
- Occasional nights and weekends will be required.
- Versatility and flexibility to assist with coverage of other team members.
- Ability to review policies and processes and provide recommendations for improvement and automation.
- Strong technology focus and interest in using technology to automate repetitive tasks.
- Bloomberg or other trade order management system experience.
- Simcorp Dimension or other investment accounting system experience.
- Good Excel skills.
- Previous experience working with investments including fixed income, alternative assets, loans and/or derivatives.
- PowerBI or similar reporting application.
- High school diploma required.
Preferred Qualifications
No additional preferred qualifications were specified.
Compensation & Benefits
- Salary Range: Min $90,000 – Max $122,000 plus eligibility for annual bonus program.
- 401(k) plan with immediate vesting and company matching up to 6%
- Self-Managed Time Away along with paid holidays
- Company matching for giving back to the community (double impact)
Location
- Remote role with required travel to the Farmington, CT office for in-person events a few times per year.
Work Authorization
Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment.
Remote Network Minimum Requirements
- Minimum Internet Speed: 100 Mbps download and 20 Mbps upload
- Internet Type: Fiber, cable (e.g., Comcast, Spectrum), or DSL
- Not Permissible: Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up
When applying, you may be asked to test your internet speed and confirm it meets or exceeds the standards above.
Identity Verification
After the initial phone screen, candidates will be required to be on video for all interviews. Affirmative steps may be taken during the process to verify that a candidate is not seeking employment fraudulently (e.g., use of a false identity).
Failure to comply with verification procedures may result in disqualification from the recruitment process, withdrawal of a job offer, or termination of employment and other criminal and/or civil remedies, if fraud is discovered.