Overview
Work Arrangement: Remote (work from home). This role is for employees residing outside of a commutable distance to an office location.
Relocation assistance: Not available.
Requisition #: 76620
This role serves as a Lead Derivatives Operations Analyst, a key subject matter expert supporting derivatives and structured reinsurance programs. The position leads collateral management, accounting, reporting, and trade lifecycle activities that enable execution of hedging and risk management strategies.
The analyst partners across Trading, Treasury, Accounting, Risk, Legal, Technology, and external counterparties to resolve complex issues, strengthen operational controls, and drive process improvements.
Application deadline: Applications will be accepted through October, 31, 2026, subject to earlier closure due to applicant volume.
Responsibilities
- Own end-to-end collateral and margin operations for assigned OTC derivative portfolios, including margin calls, eligibility, haircuts, substitutions, settlements, and dispute resolution.
- Administer complex credit support arrangements and independently evaluate collateral sufficiency, agreement requirements, operational risks, and exceptions.
- Lead initial margin forecasting and variation margin sensitivity analyses to anticipate collateral requirements, funding needs, and portfolio impacts.
- Manage funding and liquidity activities associated with hedging service arrangements, including draws, repayments, sufficiency monitoring, and interest accruals.
- Serve as the primary operational contact and escalation resource for structured reinsurance counterparties, resolving complex issues requiring judgment and cross-functional coordination.
- Oversee trade lifecycle activities, accounting inputs, reconciliations, and downstream reporting for assigned derivative and collateral activity under applicable GAAP and statutory requirements.
- Resolve complex or ambiguous operational, accounting, valuation, and reporting breaks through root-cause analysis and sustainable corrective action.
- Lead cross-functional projects and process improvements to strengthen controls, increase automation, reduce manual work, and improve scalability across derivatives operations.
- Design, maintain, and enhance SOX controls, operating procedures, and governance practices; support audits and remediate identified control gaps.
- Provide technical guidance to colleagues and advise partners across Trading, Treasury, Accounting, Reporting, Risk, Legal, and Technology on derivatives operations and collateral matters.
Requirements (Must-Haves)
- 5+ years of experience in derivative accounting, finance, or other activities with responsibilities specific to this position.
- Bachelor’s degree or equivalent work experience.
- Ability to be innovative and drive/accept change.
- Effective verbal and written communication skills.
- Strong analytical skills and close attention to detail.
- Ability to adapt quickly in a changing work environment.
Compensation & Benefits
Pay range: $106,875 - $171,000
Pay is anticipated for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law.
Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency, and qualifications required for the role.
In addition to base pay, the role may be eligible for the Annual Incentive Program (discretionary based on the performance of the company, business unit, and individual). Other rewards may include long-term incentives, sales incentives, and the standard benefits package.
Benefits may include:
- Competitive 401K and employee benefits
- PTO/parental leave
- Leadership development and virtual training opportunities
- Free financial counseling, health coaching, and an employee assistance program
- Tuition assistance program
- Work arrangements that work for you
- Effective productivity/technology tools and training
Location
Remote (work from home employee residing outside of a commutable distance to an office location).