Senior Derivatives Operations Specialist

Join a firm which mainly engages in investment activities within the global fixed income sector, focusing on safeguarding capital and achieving steady returns while maintaining minimal correlation with equities, interest rates, and currency markets. This is a great opportunity for someone with a couple year of exposure to derivates and looking to make the jump to a senior role with a great firm in the Back Bay.

• Work Arrangement:
  Onsite in Boston, MA (Back Bay)
• Compensation $100,000 to $105,000 base plus 10% annual bonus
• There is also an additional retirement benefit profit sharing style contribution equal to 12% of your total compensation base and bonus
• Benefits Include Healthcare Dental Vision 401k and more

• Newly created role due to growth with long term runway
• High impact seat focused specifically on derivatives settlements and daily controls
• Opportunity to provide indirect leadership with a more junior teammate supporting the function
• Strong overall benefits and total rewards structure

• Manage, prepare, and review daily reconciliations for derivative securities
• Reconcile and process principal and interest payments for derivative securities
• Investigate and resolve breaks by communicating with counter parties, banks, administrators, and internal teams
• Project, prepare, and analyze daily derivative margin calls
• Partner closely with internal colleagues and external counter parties to keep processes moving smoothly
• Build working knowledge of trading strategy, operations, and common cash flows
• Assist with review of monthly shareholder statements
• Support additional operational, recordkeeping, and data processing needs as assigned

• 3 to 5 years of relevant operational experience, ideally including reconciliation and custody exposure
• Direct experience with post trade derivative settlements and how these products settle operationally
• Understanding of accounting controls as they relate to investment management operations
• Proficiency with Microsoft Office, especially Excel

• Experience in hedge fund or investment management environments
• Prior exposure to derivative margining processes and daily collateral workflows