Derivative Trade Operations Analyst

Derivative Trade Operations AnalystFull-timeBoston, MA or Springfield, MA (Hybrid)The OpportunityAs 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 TeamThe 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 platformsResolving trade booking issues through communication with System Administration Team, Investment Management, and Front Office TradersPerform daily trade position reconciliations, including issue resolution using TriOptima and informing the appropriate business areas within the ecosystem of discrepanciesResponsible for the daily trade confirmation processing including aged reportingInitiate and assist with broker relationships including Counterparty onboardingProcess 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 investmentsSupports the Derivative Life Cycle for both the Front Office and the Back-Office areas including Investment Management, Traders, Accounting, and TaxLiaise with data management teams for security master lifecycle event managementMonitoring and processing of NY DUP balancing of positions and transactions to report to the Investment CommitteeAnalysis for settlement discrepancy, review, and resolutionLiquidation of Futures and Mortgage Backed ForwardsCompleting periodic Audit, Sarbanes Oxley, and Quarterly Schedule DB reportingThe Minimum QualificationsBachelor’s degree in Finance, Accounting, Business Management, or other related field2+ years of investment trade operations experience with an understanding of systems and data management1+ years experience with investment operations processes and related data workflows and integration1+ years experience working with investment data providers and consumers to analyze, recognize issues and assist in issue resolutionThe Ideal Qualifications2+ years of OTC and Exchange Traded Derivatives1+ years of TriOptima portfolio reconciliation1+ years of Calypso/Adenza Investment Systems1+ years of Murex Systems1+ years of Aladdin1+ years of experience in Life InsuranceStrong collaboration skills and ability to work in a team-based environmentEffective communication skills with ability to address and resolve disputesAdapts to a fast-paced, high-intensity environmentAbility to organize and prioritize tasks to achieve deadlinesWhat to Expect as Part of MassMutual and the TeamRegular meetings with the Derivative Trade Operations teamFocused one-on-one meetings with your managerAccess to mentorship opportunitiesNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits#LI-ST1MassMutual 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.

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