Mutual Opportunities
Derivative Trade Operations Analyst
Springfield, Massachusetts; Boston, MassachusettsThank 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.
Job Description
Derivative Trade Operations Analyst
Full-time
Boston, MA or Springfield, MA (Hybrid)
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 Ballast to create efficiencies 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, zero coupon swaps, total return swaps, options, futures 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 experience with investment operations processes and related data workflows and integration
- 1+ years experience working 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 Aladdin
- 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-ST1
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.
Salary Range: $78,000.00-$102,400.00
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
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