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- Tasks: Manage derivative operations, ensuring timely trade processing and compliance with regulations.
- Company: Join L&G, a leader in asset management, committed to innovation and inclusivity.
- Benefits: Enjoy performance bonuses, share schemes, healthcare, and flexible working options.
- Why this job: Be part of a dynamic team driving improvements in a fast-paced environment.
- Qualifications: Experience in asset management and OTC derivatives is essential; familiarity with relevant systems preferred.
- Other info: We value diverse backgrounds and support career development in a collaborative workspace.
The predicted salary is between 36000 - 60000 £ per year.
We’re recruiting for a Derivative Operations Senior Analyst to join our Derivative Operations function, which ensures all retained services (including Derivative Trade Processing and Securities Lending) and outsourced activities are effectively managed and processed according to market deadlines and industry best practices, ensuring adherence to regulatory requirements and quality control.
In this role, you will complete all retained derivative operations activities (covering Derivatives Trade Processing (ETD, OTC Bilateral & Cleared & Securities Lending)) in line with internal and external market deadlines, policies, procedures, and controls in conjunction with outsourced service providers to support L&G Asset Management\’s global trading activities and client service delivery.
What you’ll be doing:
- Completing daily derivative operations tasks (e.g., trade processing, securities lending) in line with market and regulatory deadlines
- Collaborating with internal stakeholders, outsourced providers, and third parties to manage asset services activities effectively
- Monitoring service delivery KPIs/KRIs and escalating issues promptly to ensure service standards are met
- Investigating and resolving operational queries and inconsistencies, while reporting issues to supervisors in a timely manner
- Identifying control weaknesses and implementing process improvements in partnership with team members and service providers
- Creating and maintaining procedures and workflows that support both retained and outsourced asset services
- Managing operational risks and ensuring compliance with policies and regulatory requirements, while communicating with senior management
- Engaging with service recipients and vendors, participating in forums, and driving continuous improvement in the outsourced service model
Qualifications – Who we’re looking for:
- Demonstrable asset management experience and deep knowledge of OTC derivatives, including swaps and equity options
- Experience in completing daily securities lending tasks such as counterparty management, collateral validation, and income recovery in line with regulations
- Ability to calculate and settle complex OTC cashflows, including resets, coupons, and trade events like unwinds, novations, porting, and buy-in & buy-outs
- Implementing system and product data improvements while leveraging market systems knowledge (e.g., EMIR, MiFID, SWIFT)
- Managing outsourced service delivery and third-party relationships, ensuring compliance with client expectations and regulatory standards
- Adapting to change, multitasking under pressure, and meeting strict deadlines and service levels
- Experience using OSTTRA and Markit systems (preferred)
- Continuing professional development and contributing to strategic improvements through collaboration and industry awareness
We offer a comprehensive benefits package, including performance bonuses, share schemes, pension contributions, healthcare, generous holiday entitlement, family leave, electric car schemes, discounts, and modern office spaces designed for collaboration and wellbeing.
At L&G, we foster an inclusive culture that values diverse backgrounds and experiences, supporting flexible working arrangements and career development. We believe in outcomes over attendance and are open to discussing flexible work options.
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Derivative Operations Senior Analyst employer: Legal & General
Contact Detail:
Legal & General Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Derivative Operations Senior Analyst
✨Tip Number 1
Familiarise yourself with the latest regulations and best practices in derivative operations. Understanding frameworks like EMIR and MiFID will not only boost your confidence but also demonstrate your commitment to compliance during discussions.
✨Tip Number 2
Network with professionals in the asset management industry, especially those who work with OTC derivatives. Engaging in conversations can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Showcase your problem-solving skills by preparing examples of how you've resolved operational issues in the past. Being able to articulate your approach to overcoming challenges will set you apart during interviews.
✨Tip Number 4
Stay updated on market trends and developments in derivative trading. This knowledge will help you engage in meaningful discussions with interviewers and demonstrate your passion for the field.
We think you need these skills to ace Derivative Operations Senior Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in asset management and derivatives. Focus on specific tasks you've completed that align with the job description, such as trade processing and securities lending.
Craft a Strong Cover Letter: In your cover letter, emphasise your knowledge of OTC derivatives and your ability to manage outsourced service delivery. Use specific examples to demonstrate how you've met regulatory requirements and improved processes in previous roles.
Highlight Relevant Skills: Clearly outline your skills related to the role, such as your experience with systems like OSTTRA and Markit, and your ability to calculate complex cashflows. Mention any experience you have with compliance and risk management.
Showcase Continuous Improvement: Discuss any initiatives you've led or participated in that focused on process improvements or operational efficiencies. This will show your proactive approach and commitment to enhancing service delivery.
How to prepare for a job interview at Legal & General
✨Know Your Derivatives Inside Out
Make sure you have a solid understanding of OTC derivatives, including swaps and equity options. Be prepared to discuss your experience with these products and how you've managed them in previous roles.
✨Demonstrate Your Problem-Solving Skills
Be ready to share examples of how you've investigated and resolved operational queries or inconsistencies. Highlight your ability to identify control weaknesses and implement process improvements.
✨Familiarise Yourself with Relevant Regulations
Understand the regulatory landscape surrounding derivatives and securities lending. Be prepared to discuss how you've ensured compliance with policies and regulations in your past roles.
✨Showcase Your Collaboration Skills
This role involves working closely with internal stakeholders and outsourced providers. Prepare examples that demonstrate your ability to collaborate effectively and manage third-party relationships.
