Derivative Operations Manager, L&G - Asset Management, America

Company DescriptionL&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 DescriptionInvestment Operations oversees all post-trading activities including settlements, reconciliations, transfers, collateral management, and pricing.L&G Asset Management America is currently seeking a candidate to serve as a Derivative Operations Manager. The successful candidate will be responsible for overseeing the post-trade workflow of OTC and ETD products including pricing and collateral management. They will manage the oversight of State Street Alpha (outsourced provider) for all derivatives and collateral activities, and oversee strategic objectives and ensuring team member’s objectives are also aligned.Responsible for the overall management of the team who has oversight of the following tasks:OTC and ETD trade booking and life-cycle managementDaily reconciliations of cash and positions related to derivatives activityDaily collateral and margin moves for bilateral OTC, cleared OTC and ETDEnd of day blotters and client reportsAssist with onboarding and fund setupsProvide sign-off for appropriate controlsEnsure documentation and other regulatory requirements are met with respect to GIPS standards, SOC1 and internal audit and regulatory requirementsStrive for excellence in people management, displaying an empathetic leadership style, leading by exampleManage the implementation of change in the team, challenge assumptions and adapt or generate imaginative and innovative ideas for improvements to policies and operational systems globallyCross-train with global partners to enhance capabilities and coverageProactively look for opportunities to leverage technology to automate manual processes QualificationsProven experience (10+ years) of derivative operations experienceExperience leading and mentoring a teamCharles Rivers CRIMS experienceUnderstanding of Equities, ETFs, and FXTechnical knowledge of derivative products including but not limited to Interest Rate Swaps (IRS), Credit Default Swaps (CDS), Options, Futures, Total Return Swaps (TRS), FX ForwardsHigh aptitude of collateral management principles ETD and Cleared/Uncleared OTCKnowledge of pricing techniques for OTCs (including IRS, CDS, Options, TRS)Experience using vendor platforms including Markitwire, DTCC, and IcelinkFamiliarity with ISDA definitionsExcellent organizational and problem-solving skillsKnowledge of SQL and Power Automate is a plusAdditional InformationThe starting salary offer will vary based on multiple factors, including but not limited to the applicant’s education, job-related experience, skills, and abilities, geographic location, and market factors. This position is also eligible to participate in the company’s annual discretionary bonus plan. Full time employees may be eligible for health insurance with an optional HSA, short term disability, long term disability, dental insurance, vision care, life insurance, Healthcare, Dependent and Limited Care Flexible Spending Accounts, 401K, vacation, sick time, an employee assistance program, and commuter and transit programs. Additional voluntary programs include: supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance. EOE StatementAs an EOE employer, L&G Asset Management, America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing non-discrimination in employment. (2025)SummaryType: Full-timeFunction: FinanceExperience level: Not ApplicableIndustry: Financial Services