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Derivative Trade Operations Analyst

Springfield, Massachusetts; Boston, 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 help our customers secure their future and protect the ones they love. It also 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 makes MassMutual a strong, stable, and ethical business.

Our culture embodies the idea that we all are stronger and better through our support for one another. By valuing people for who they are, how they think, and what they bring to the table, we’ve become a better, more innovative company.

We invite you to explore the possibilities.

What our employees say

Roger Crandall
Roger CrandallCEO
“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 Trade Operations Analyst

Derivative Trade Operations

Full-time

Boston, MA or Springfield, MA 

The Opportunity  

As a Derivative Trade Operations Analyst, you will work in a fast paced, time-sensitive, collaborative environment. The individual will apply finance, investment knowledge and/or other technical skills within the middle office role. This role is directly involved with multiple projects including working with all functional areas within MassMutual, Barings, Business Analysts and our Investment Managers.  The collaboration within the multiple business areas is a key component towards our new Target Operating Model (TOM).

The Team  

The Analyst will report to the Director of Derivative Trade Operations within the Investment Management Division. The team is responsible for trade lifecycle management that includes validation, processing and confirmation. The effort entails the implementation of project BEAM and project Ballast to streamline trade ingestion processes within our ecosystem. There is continuous development and knowledge growth for the team as new Derivative products are onboarded which makes this team unique. The team is also engaged in the design and configurations of the trade processing workflows related to our new ecosystem.      

The Impact:

Provide in-depth analysis on various Derivative products for conversion to a new system. Responsible for learning and onboarding new Derivative products and the associated life cycle events. Perform daily reconciliations for exchange traded and over-the-counter derivatives. Assist with development of procedures to facilitate business processes. Work with programmers to identify and correct data errors and identify necessary workflow and/or systems changes.

  • Processing of Derivative trades into current and future Derivative platforms
  • Resolving trade booking issues through communication with System Administration Team, Investment Management and Front Office Traders
  • Perform daily trade position reconciliations, including issue resolution using TriOptima and informing the appropriate business areas within the ecosystem of discrepancies
  • Responsible for the daily trade confirmation processing including aged reporting
  • Initiate and assist with broker relationships including Counterparty onboarding
  • Process allocations to different lines of business for various derivative products such as FX forwards, interest rate swaps, cross currency swaps, zc swaps, and swaptions hedging specific investments
  • Supports the Derivative Life Cycle for both the Front Office and the Back-Office areas including Investment Management, Traders, Accounting and Tax
  • Liaise with data management teams for security master lifecycle event management
  • Monitoring and processing of NY DUP balancing of positions and transactions to report to the Investment Committee
  • Analysis for settlement discrepancy, review and resolution
  • Liquidation of Futures and Mortgage Backed Forwards  
  • Completing periodic Audit, Sarbanes Oxley and Quarterly Schedule DB reporting 

The Minimum Qualifications

  • Bachelor’s degree in Finance, Accounting, Business Management, or other related field
  • 2+ years of investment trade operations experience with an understanding of systems and data management
  • 1+ years of understanding of investment operations processes and related data workflows and integration
  • 1+ years of ability to work with investment data providers and consumers to analyze, recognize issues and assist in issue resolution

The Ideal Qualifications

  • 2+ years of OTC and Exchange Traded Derivatives
  • 1+ years of TriOptima portfolio reconciliation
  • 1+ years of Calypso/Adenza Investment Systems
  • 1+ years of Murex Systems
  • 1+ years of experience in Life Insurance
  • Strong collaboration skills and ability to work in a team-based environment
  • Effective communication skills with ability to address and resolve disputes t
  • Adapts to a fast-paced, high-intensity environment
  • Ability to organize and prioritize tasks to achieve deadlines

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Derivative Trade Operations 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.
EEO Statement(Opens in new window)

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.


Salary Range: $78,000.00-$102,400.00

Hiring Process

  • Explore

    To get started, 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 to receive information on jobs that may interest you and stay up-to-date with the latest MassMutual news.

  • Apply

    To apply for a specific position, please 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. Coordinating calendars for interview schedules can take time, so your patience and flexibility is appreciated.

  • 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!

Recruitment Fraud Awareness

Job recruiter fraud is a scam by impostors posing as recruiters or representatives of a company promoting fake job opportunities to job seekers.

MassMutual will never ask job candidates to pay any kind of fee, make cash or check advancements, cash checks or make an investment in any product or service or provide information such as credit card numbers or banking PIN numbers as part of our hiring process.

If you are contacted by anyone asking for information outlined above it is likely fraudulent. If you have any concerns about the veracity of a request, please contact us directly to verify its legitimacy.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

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.

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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 $1250 annual wellness wallet, and up to 320 hours of caregiver leave.

Explore some of our offerings below. Full benefits details can be found here

  • In addition to generous vacation time, paid holidays, and flexible holidays, MassMutual offers 'take care' time to take care of yourself or someone you love—whether for physical illness or mental health.
  • Medical and dental insurance
  • Life, disability short-term and long-term insurance
  • Well-being wallet: $1,250 per year for a wide range of qualifying wellness expenses
  • Well-being support: Mindfulness, nutrition, fitness
  • Personalized mental health solutions
  • Adoption and surrogacy reimbursement programs
  • Competitive salary and bonuses
  • 401(k): Up to 10% total benefit, consisting of a 5% company match and a 5% annual contribution
  • Educational assistance program
  • Childcare support
  • Financial counseling
  • Caregiver Leave (up to 320 hours)
  • Maternity Leave (a total of 18 weeks, 10 maternity + 8 parental)
  • Parental Leave (8 weeks for all parents, birth or adoption, continuous or intermittent)
  • Bereavement Leave: Up to 15 days to mourn the loss of a loved one, and you define 'loved one'
  • Matching Gift: 100% match on employees’ charitable contributions to non-profits up to $5,000
  • Volunteering: Three paid days for employees to volunteer with eligible nonprofits of their choice
  • Matching time: MassMutual Foundation awards dollars to organizations for which employees volunteer
  • Qualified Commuter Program through which eligible employees can pay qualified workplace commuting expenses with before-tax dollars
  • Commuter wallet option for employees based at Boston and NYC campuses

Why MassMutual?

Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping

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.

   

  

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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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