Derivative Operations Manager, L&G - Asset Management, America at LegalAndGeneral

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

22 Sep, 26

Salary

150000.0

Posted On

24 Jun, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Derivative Operations, Collateral Management, Team Leadership, Charles Rivers CRIMS, OTC Products, ETD Products, Trade Booking, Life-cycle Management, Reconciliations, Pricing Techniques, Markitwire, DTCC, Icelink, ISDA Definitions, SQL, Power Automate

Industry

Financial Services

Description

Company Description L&G's Asset Management business is a major investor across public and private markets worldwide, with $1.533 trillion in AUM.* Our clients include individual savers, pension scheme members and global institutions, who invest alongside L&G’s own balance sheet. Our ambition is to be a leading global investor, innovating to solve complex challenges for our clients using the power of L&G. This is rooted in our investment philosophy and processes, which are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can generate value and drive positive change. Job Description Investment Operations oversees all post-trading activities including settlements, reconciliations, transfers, collateral management, and pricing. L&G Asset Management America is currently seeking a candidate to serve as a Derivative Operations Manager. The successful candidate will be responsible for overseeing the post-trade workflow of OTC and ETD products including pricing and collateral management. They will manage the oversight of State Street Alpha (outsourced provider) for all derivatives and collateral activities, and oversee strategic objectives and ensuring team member’s objectives are also aligned. Responsible for the overall management of the team who has oversight of the following tasks: OTC and ETD trade booking and life-cycle management Daily reconciliations of cash and positions related to derivatives activity Daily collateral and margin moves for bilateral OTC, cleared OTC and ETD End of day blotters and client reports Assist with onboarding and fund setups Provide sign-off for appropriate controls Ensure documentation and other regulatory requirements are met with respect to GIPS standards, SOC1 and internal audit and regulatory requirements Strive for excellence in people management, displaying an empathetic leadership style, leading by example Manage the implementation of change in the team, challenge assumptions and adapt or generate imaginative and innovative ideas for improvements to policies and operational systems globally Cross-train with global partners to enhance capabilities and coverage Proactively look for opportunities to leverage technology to automate manual processes Qualifications Proven experience (10+ years) of derivative operations experience Experience leading and mentoring a team Charles Rivers CRIMS experience Understanding of Equities, ETFs, and FX Technical knowledge of derivative products including but not limited to Interest Rate Swaps (IRS), Credit Default Swaps (CDS), Options, Futures, Total Return Swaps (TRS), FX Forwards High aptitude of collateral management principles ETD and Cleared/Uncleared OTC Knowledge of pricing techniques for OTCs (including IRS, CDS, Options, TRS) Experience using vendor platforms including Markitwire, DTCC, and Icelink Familiarity with ISDA definitions Excellent organizational and problem-solving skills Knowledge of SQL and Power Automate is a plus Additional Information The starting salary offer will vary based on multiple factors, including but not limited to the applicant’s education, job-related experience, skills, and abilities, geographic location, and market factors. This position is also eligible to participate in the company’s annual discretionary bonus plan. Full time employees may be eligible for health insurance with an optional HSA, short term disability, long term disability, dental insurance, vision care, life insurance, Healthcare, Dependent and Limited Care Flexible Spending Accounts, 401K, vacation, sick time, an employee assistance program, and commuter and transit programs. Additional voluntary programs include: supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance. EOE Statement As an EOE employer, L&G Asset Management, America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing non-discrimination in employment. (2025) Permanent/Regular or Fixed Term Contract/Temporary: Permanent (UK and ROW) / Regular (US) L&G Business Unit: Legal & General Investment Management L&G sub Business Unit: LGIMA Primary Location: USA, Chicago Job Family: COO Compensation: USD 130000 - USD 150000 - yearly

Responsibilities

Oversee the post-trade workflow for OTC and ETD products, including pricing and collateral management. Manage the oversight of the outsourced provider State Street Alpha and lead a team responsible for trade booking and regulatory compliance.