Job Summary

Derivatives Onboarding Specialist

  • Location:
    Boston, MA
  • Job reference:
    US_EN_6_914759_1013482
  • Category:
    Banking/Finance/Insurance(General)
  • Contract Type:
    Contract/Temporary

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Position Overview:

Our client's Derivatives Onboarding Team supports their businesses globally by performing all setup steps necessary for derivatives trading. This role will be accountable for the execution of a best-practices in onboarding and broker relationship management in support of the organization’s exchange-traded, over-the-counter and centrally-cleared derivative requirements.

The candidate must be pro-active, assertive, organized and highly professional. The candidate will have a combination of derivatives industry experience, onboarding experience, relationship management skills, and practical business insight.

Primary Responsibilities:

  • Receive and assess derivatives trading requests from Relationship Management, Product Management and Portfolio Managers
  • Facilitate the derivatives trading approval process and ensure that there is a governance structure around the onboarding of new accounts trading derivatives
  • Maintain status dashboards of derivatives approval and onboarding requests
  • Support Traders need for best execution by setting up the full range of desired derivatives brokers
  • Coordinate the derivatives trading related onboarding functions for new accounts and new brokers
  • Coordinate derivatives trading operational readiness within the Global Derivatives Services team including middle office, operations and collateral management
  • Coordinate with Legal Services to ensure that proper legal agreements are put in place to support derivatives trading
  • Ensure that all account, broker onboarding and legal documentation is maintained
  • Maintain an accurate and complete matrix of accounts, authorized derivative products, derivatives legal agreements and active brokers
  • Contribute to the successful management of external broker relationships
  • Work with the Derivatives Solutions team to support the setup of technology to facilitate trading of new derivative product types
  • Take ownership of side projects to clean up records and validate broker setups
  • Contribute to the harmonization of the derivatives onboarding process with the Asia Derivatives Services team in Hong Kong
  • Continuously evaluate, identify and recommend practices and controls that will increase process efficiency and mitigate financial and operational risks

Knowledge and Core Competencies:

  • Relevant undergraduate education or advanced degree - Business Administration, Finance, Economics, etc. required
  • Minimum 3 years of relevant industry experience with at least 1 years of hands-on experience in derivative products
  • Familiarity with derivative instruments including repos, TBAs, futures, listed and OTC options, FX, Swaptions, OTC swaps and centrally cleared swaps
  • Familiarity with derivatives trading and collateral agreements such as Clearing Agreements, Give-Ups, ISDA/CSAs, GMRAs and MSFTAs
  • Solid organizational skills and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities
  • Team player with demonstrated experience building and maintaining good working relationships both internally and externally
  • Excellent analytical skills and the ability to think through problems, assess a variety of factors and recommend solutions
  • Insurance Company and Asset Manager industry experience an asset
  • Familiarity with various fund structures: mutual funds, pooled funds, private funds, UCITS, institutional accounts and life insurance general account


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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

Equal employment opportunity information:
EEO is the Law (poster) | EEO is the Law (poster supplement) | Reaffirmation of Affirmative Action Policy Statement