Mutual Opportunities
Derivative Data Analyst
Boston, Massachusetts; Springfield, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
A career with us means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what enables MassMutual to deliver on our purpose to help people secure their futures and protect the ones they love.
We embrace the idea that we all are stronger and better through our support for one another. We strive to create a culture where employees feel valued and are celebrated for who they are.
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
Derivative Data Analyst
Derivative Center of Excellence (CoE)
Full-Time
Boston, MA or Springfield, MA
The Opportunity
As a critical member of a specialized team, the Derivative Data Analyst will work directly with the Lines of Business (LOBs), Enterprise Risk Management (ERM), Investment Managers, Compliance, and subsidiaries to provide expertise, analysis, and solutions to resolve critical issues and help drive some of our strategic initiatives. Our ideal candidate is a collaborative team member skilled in analytical capability, business analysis, detail-oriented and adaptable, agile project management, has a strong understanding our systems, our process flows, and an effective communicator (both written and verbal) with both business and technology teams. You’ll use your skills to provide subject matter expertise and complete in-depth analysis, which contribute to the strategic efforts of our team.
The Team
The Derivative Data Analyst Team provides expertise in the Derivative Center of Excellence (CoE) supporting MassMutual’s General Investment Account (GIA). The team is unique, as it intersects with multiple stakeholders across the derivative ecosystem, including Investment Management Front Office, Investment Management Operations, Enterprise Technology & Experience (ETX) and external vendors. The team serves an integral role in both BAU and strategic initiatives by providing analysis, documentation, enhancement, testing and delivery related to derivative applications, configurations, data flows and integrations. The team exhibits integrity by consistently providing thoughtful and honest insights, ensuring transparency for all stakeholders. They are results oriented, while fostering a collaborative environment where each team member’s input is respected, and different perspectives are encouraged to drive results.
The Team
The Derivative Data Analyst Team provides expertise in the Derivative Center of Excellence (CoE) supporting MassMutual’s General Investment Account (GIA). The team is unique, as it intersects with multiple stakeholders across the derivative ecosystem, including Investment Management Front Office, Investment Management Operations, Enterprise Technology & Experience (ETX) and external vendors. The team serves an integral role in both BAU and strategic initiatives by providing analysis, documentation, enhancement, testing and delivery related to derivative applications, configurations, data flows and integrations. The team exhibits integrity by consistently providing thoughtful and honest insights, ensuring transparency for all stakeholders. They are results oriented, while fostering a collaborative environment where each team member’s input is respected, and different perspectives are encouraged to drive results.
The Impact
- Understand data flows and hierarchies within the derivative system including how data is sourced and aggregated to support daily delivery of derivative data to MassMutual stakeholders to enable critical derivative reporting and analysis capabilities
- Accountability for data within the MassMutual derivative data ecosystem; Includes helping define requirements and ensuring data is fit for purpose
- Understand and translate business requirements, work with Product Owners and Developers to prioritize for implementation
- Communicate and collaborate with external partners and asset managers to implement business solutions for new or changing business needs
- Drives root cause analysis and resolution of business derivative data challenges, including proposal and implementation of process or workflow changes
- Serve as a point of escalation and ongoing support for front office, middle office, and back office teams as well as all users of data extracts while ensuring appropriate documentation of processes is available and maintained
The Minimum Qualifications
- Bachelor’s degree in finance, accounting, technology, or a related field
- 10+ years of investment data experience with an understanding of systems and data management
The Ideal Qualifications
- Experience with Derivatives, Collateral Management, Risk, Compliance, Accounting
- Investment Accounting & General Ledger entry background
- Subject Matter Expert with Calypso or similar system(s) and familiarity with Accounting Rules and Configuration, SIMM Calibration, and Workflow Configurations
- Experience in derivative trade operations processes, workflows, and life cycle events
- Knowledge of Extract, Transform, and Load (ETL) Pipeline
- Familiarity with Eagle Star and PACE, SAP (HANA, R3)
- implement and support of SWIFT payment process and configurations
- Experience with Excel, Pivot table, and VBA is a must
- Knowledge of SQL and Python a plus
- Responsible for projects and work with business to document business requirements
- Familiarity with Agile methodology and using Jira/Confluence
- Effective time management skills and the ability prioritize multiple initiatives is essential
- Proven success working across multiple priorities with limited guidance
- Strong quantitative orientation, analytical skills, and seasoned judgment as well as a high level of intellectual curiosity and tolerance for navigating ambiguity
- Must be able to explore multiple solutions to a problem and present and defend solutions based on an analysis of facts and an understanding of stakeholder needs
- Ability to manage own priorities and adapt quickly to changes
- Prior experience driving continuous improvement and efficiencies beyond own scope of responsibility
- Desire to learn and ability to apply learnings to business issues
- Self-starter with proven ability to organize and direct quality work efforts
- Ability to communicate across all levels of the organization, Comfortable interacting with vendors, business partners and internal Investment and IT teams
- Strong collaboration skills and the ability to work in a team-based environment
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Investment Data Management team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-MM1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $118,900.00-$156,000.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure — it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to embrace diversity in every sense, focusing on building a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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