Job Description
Position Summary:
Reporting to the Director of Derivatives Operations, the Derivative Analyst will be responsible for
supporting all aspects of middle office processes for derivative products within Brookfield Wealth
Solutions (BWS). The Derivative Analyst will collaborate closely with BWS’s global derivatives team,
as well as with Finance, Legal, Compliance, Risk, and Technology groups to ensure accurate trade
support, lifecycle management, collateral and margin processes, and regulatory compliance. The
position will also involve active engagement with front office, counterparties, and external service
providers to resolve trade discrepancies, optimize processes, and maintain a robust control
environment.
Responsibilities
Trade Support & Lifecycle Management
Oversee end-to-end middle office processes for all derivative products, including trade
confirmation, settlement instruction, resolution of discrepancies, daily margin
reconciliation, collateral management, and reporting.
Ensure accurate and timely entry of trades into order and portfolio management systems.
Liaise actively with front office, finance teams and counterparties to resolve trade
discrepancies and enhance straight-through processing.
Valuations, P&L, and Reconciliations
Lead daily, weekly, and monthly reconciliations across systems (internal books vs. brokers,
custodians).
Review and validate independent valuations, sensitivities, and financial statement
reporting inputs.
Investigate breaks in market values, cash flows, and collateral balances, ensuring fast
resolution and root-cause remediation.
Collateral & Margin Management
Manage variation and initial margin processes across bilateral and cleared derivatives.
Ensure optimization of collateral usage while adhering to CSA terms, regulatory
requirements (e.g., Uncleared Margin Rules), and insurer liquidity frameworks.
Monitor margin disputes, collateral calls, haircuts, and eligibility schedules.
Documentation, Onboarding & Counterparty Management
Support the negotiation and maintenance of ISDA Master Agreements, CSAs, clearing
documentation, and other trading agreements.
Effectively communicate with counterparties for timely resolution of disputed trade details
and/or cashflow amounts.
Partner with legal, compliance, and risk teams to ensure documentation aligns with
regulatory expectations and company risk appetite.
Coordinate counterparty onboarding, KYC, and ongoing due diligence.
Risk, Controls & Regulatory Support
Maintain a strong control environment, including adherence to SOX, model governance,
investment policy, and derivative use policies.
Ensure compliance with regulatory reporting such as Dodd-Frank, EMIR, and insurance
- specific requirements (NAIC, OSFI, Solvency II as applicable).
Develop and maintain procedural documentation, workflows, and internal SLAs.
Technology, Data & Process Optimization
Work closely with technology teams to enhance derivatives systems, data quality,
reporting, and automation initiatives.
Evaluate and implement process improvements to increase efficiency and reduce
operational risk.
Lead or support system migrations, vendor evaluations, and integration with trading
platforms, clearing brokers, and custodians
Qualifications & Requirements:
Bachelor’s degree in finance, economics, mathematics, or a related field.
5 – 8 years of experience in derivatives middle office, trade support, or related investment
operations roles within an insurance company, asset manager, bank, or hedge fund.
Experience working with derivatives, including, but not limited, to currency swaps, interest
rate swaps, equity options, FX forwards, spot FX, repurchase agreements, and knowledge
of collateral settlement methods for the aforementioned instruments.
Strong understanding of ISDA/CSA terms, lifecycle events, margining, and derivatives
regulation.
Proficiency with OMS/PMS platforms (e.g., Bloomberg, Aladdin, Numerix, Markit,
Tri Optima), data tools, and Excel.
Excellent written and verbal skills with ability to effectively present information and
respond to questions from multiple internal business areas as well as external
counterparties.
Strong analytical skills.
Strong problem-solving skills with…
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