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Head of US Middle Office

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Legal & General
Full Time position
Listed on 2026-09-12
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Financial Compliance
  • Management
    Risk Manager/Analyst
Salary/Wage Range or Industry Benchmark: 180000 - 230000 USD Yearly USD 180000.00 230000.00 YEAR
Job Description & How to Apply Below

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.

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

The Head of US Middle Office Oversight is responsible for leading and governing critical post-trade operational functions supporting L&G Asset Management America’s investment business. This role oversees Trade Services, Derivatives Operations, Collateral Management, Reconciliations, Corporate Actions, Asset Servicing, and third-party service provider performance across global markets and investment products.

The position serves as the senior operational leader responsible for ensuring a controlled, scalable, and resilient operating model supporting the full investment lifecycle. Responsibilities include oversight of trade processing, settlement, derivative lifecycle management, collateral administration, cash and position reconciliations, asset servicing activities, operational risk management, and outsourced service provider governance.

The role partners closely with Portfolio Management, Trading, Risk, Compliance, Fund Administration, Technology, Custody, Brokers and external service providers to deliver operational excellence, risk management while driving automation, control enhancement, and strategic transformation initiatives.

Responsibilities

The Head of US Middle Office Oversight is accountable for oversight of:

Trade Services
  • Trade lifecycle management
  • Settlement
  • Funding and fail management
  • Market claims
  • Trade control framework
Derivatives & Collateral
  • OTC and ETD lifecycle events
  • Margin and collateral management
  • UMR compliance
  • OTC pricing
  • Clearing operations oversight
Reconciliations
  • Cash reconciliations
  • Position reconciliations
  • Transaction reconciliations
  • Derivative reconciliations
  • Collateral reconciliations
  • Exception governance and resolution
Asset Servicing & Corporate Actions
  • Mandatory and voluntary events
  • Income processing
  • Election management
  • Complex event oversight
  • Market deadline governance
Vendor/Broker Oversight
  • State Street Alpha oversight
  • Broker relationships and escalation handling
  • SLA/KPI management
  • Service reviews
  • Issue escalation
  • Operating model governance
Risk & Controls
  • Audit support
  • SOC1 oversight
  • Regulatory preparedness
  • Operational risk management
  • Control attestations
Transformation & Automation
  • Operational monitoring
  • Workflow automation
  • Dashboard MI development
  • Process optimization
  • Data quality initiatives
Qualifications Experience
  • 12-15+ years of investment operations, middle office, or post-trade operational experience
  • Deep expertise across trade services, settlements, derivatives, collateral management,…
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