Derivative & Collateral Operations Analyst

Derivative & Collateral Operations AnalystDerivative Center of Excellence (CoE)Full-TimeBoston, MA or Springfield, MAThe OpportunityAs a Derivative & Collateral Operations Analyst, you will work in a fast paced, time-sensitive, collaborative environment. Our ideal candidate will apply finance, investment knowledge and/or other technical skills within the middle office role. The candidate will have direct exposure with the Investment Management Front Office, Investment Management Operations, Enterprise Risk Management, Compliance, and Controllership accounting teams to address both recurring and critical time-sensitive issues and communications needs. The collaboration within the multiple business areas is a key component towards our new Target Operating Model (TOM). The candidate will be responsible for creating, documenting, and implementing complex collateral operating processes. Assist enterprise-wide initiatives to safeguard cash assets for operating and investment cash flows. Provide functional advice or training as needed. The candidate must be able to work under pressure, accurately and with limited supervision and must be able to represent Investment Management and the company in communications with internal and external constituents with discretion, tact, and decorum.The TeamThe Derivative & Collateral Operations Analyst will report to the Director of Collateral Management, part of MassMutual Derivative Center of Excellence (CoEs) within the Investment Management Division. The team is responsible for Counterparty Onboarding, trade settlements and collateral management for OTC, Cleared, Exchange Traded (ET), Regulatory Dodd Frank variation and initial margin, related to MassMutual’s General Investment Account (GIA). Although, the team’s main directive is managing daily counterparty risk and liquidity,The team also plays a critical role with our multi-year projects related to the transformation of MassMutual’s Derivatives and Collateral applications to support our Target Operating Model (TOM).         The Impact:Daily oversight of day-to-day collateral margin and payment processesValidating and ensuring all margin calls are issued on a timely basis and perform end-to-end margin processesDaily oversight of various collateral contracts (Futures, Cleared, Bilateral OTC, TBA/Repos, and IM) and understand dispute management process to resolve differences with external counterpartiesCollaborate cross functionally with front office, risk, compliance, accounting, treasury and audit teamsPerform daily and monthly reconciliation and analyze/resolve complex variances related to derivatives and collateralInstruct and Approve wire transfers and submit SWIFT communicationsManage cash forecasting and analysis (foreign and domestic)Assist with broker relationships including Counterparty onboardingReport and analyze cash and investment activity for various audiences including senior leaders in IM, the LOBs and CorporateAssist in implement new regulations related to Collateral and DerivativesParticipate in Derivative and Collateral project work to support Investment Management and Corporate goalsThe Minimum QualificationsBachelor’s degree in Finance, Accounting, Business Management, or other related field5+ years of investment operations experience3+ years of derivative experience with an understanding of systems and data managementThe Ideal QualificationsFinance and/or investment operations backgroundKnowledge in OTC and Exchange Traded DerivativesKnowledge of Derivatives, Collateral, Banking, Finance, Investment Operations, and Accounting or relevant work experienceExperience with TriOptima portfolio reconciliationExperience with Calypso/Murex SystemsExperience in Life Insurance and/or Investment Management a plusStrong attention to detail - precision and qualityStrong analytical and problem solving abilitiesAbility to handle shifting priorities effectivelyMust be proficient with Excel, Pivot table and VBA a plusHandles complex transactions involving derivatives and collateral managementStrong collaboration skills and ability to work in a team-based environmentEffective communication skills with ability to address and resolve disputes tactfullyAdapts 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 Collateral and Settlement 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-MM1MassMutual 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.

Created: 2025-02-24