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Derivatives Operations Analyst

  • Full Time
  • London

Website Wellington Management

The Company 

Tracing our roots to 1928, Wellington Management is one of the world’s largest independent investment management firms. With over US$1 trillion in assets under management, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 61 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, commodity, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.

The Position 

As part of the Derivatives Operations Group, the Derivatives Operations Analyst will be primarily responsible for supporting post-execution lifecycle processes for Futures, Listed Options, and Cleared OTC products. This will encompass the reconciliation and instruction of daily variation and initial margin requirements, processing of accounting postings, post-value control reconciliations, as well as managing queries and troubleshooting issues from both internal and external parties. In addition, the Analyst may also support the OTC and TBA collateral processes. The Analyst will continually look for opportunities to create efficiencies within these tasks through workflow and technology enhancements and to improve the overall control framework of the processes wherever possible. While the Derivatives Operations Analyst will work in a team-oriented environment, most projects will be self-directed, often under deadline pressures.


• Daily review of variation and initial margin calls from brokers and investigate discrepancies
• Daily post-value cash reconciliations of collateral and margin movements
• Daily control reconciliations including holdings, collateral, and currency balances between our internal accounting, clearing brokers, custodians, and clearing houses
• Serve as an escalation point for incoming queries and issues raised by portfolio managers, trading, clients, custodians, and clearing brokers
• Manage new account onboardings and account closures in a timely manner
• Identify and drive projects to improve front to back process efficiency
• Identify areas of improvement to increase the effectiveness of process controls
• Participate in industry working groups to identify new clearing opportunities and potential challenges of regulatory changes


• Excellent written and verbal communication skills
• Strong analytical and problem-solving skills
• High attention to detail and well organized while under deadline pressures
• Demonstrated independent judgment and decision-making
• A strong team player, with ability to work in collaboration across teams
• Intellectual curiosity and interest to learn independently and from peers
• Knowledgeable of cleared derivatives products and processes
• Familiar with the Futures, Options, and Cleared OTC lifecycle processes
• Understanding of the operational impact of pending regulatory change

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