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- Tasks: Join our team to manage derivative operations and ensure compliance with market standards.
- Company: Legal & General is a leading UK financial services group focused on safeguarding financial futures since 1836.
- Benefits: Enjoy a competitive salary, performance bonuses, generous holiday, and a modern workspace.
- Why this job: Be part of a market-leading team committed to responsible investing and creating sustainable value.
- Qualifications: Ideal candidates should have asset management experience and knowledge of OTC derivatives and securities lending.
- Other info: Flexible working arrangements available; we value your potential and commitment to professional growth.
The predicted salary is between 43200 - 72000 £ per year.
Legal & General (L&G) is a leading UK financial services group and major global investor. We have been safeguarding people's financial futures since 1836, striving to build a better society while improving the lives of our customers and creating value for shareholders. L&G Asset Management is one of Europe's largest asset managers, providing responsible investment solutions across public and private markets.
We are recruiting for a Derivative Operations Senior Analyst to join our Derivative Operations team. This team ensures that all derivative services (including Derivative Trade Processing and Securities Lending) are managed effectively, processed in accordance with market deadlines and industry best practices, and comply with regulatory requirements and quality standards. The role involves completing all derivative operations activities in line with internal and external deadlines, policies, procedures, and controls, supporting L&G Asset Management's global trading activities and client service delivery.
Responsibilities include:
- Completing daily derivative operations tasks such as trade processing and securities lending in line with market and regulatory deadlines.
- Collaborating with internal stakeholders, outsourced providers, and third parties to manage asset services effectively.
- Monitoring service delivery KPIs/KRIs and escalating issues promptly.
- Investigating operational queries and resolving inconsistencies, reporting issues to supervisors.
- Identifying control weaknesses and implementing process improvements.
- Creating and maintaining procedures and workflows for asset services.
- Managing operational risks and ensuring compliance, communicating with senior management.
- Engaging with service recipients and vendors, participating in forums, and driving continuous improvement.
Ideal candidates will have:
- Asset management experience and deep knowledge of OTC derivatives, including swaps and equity options.
- Experience with securities lending tasks such as counterparty management, collateral validation, and income recovery.
- Experience calculating and settling complex OTC cashflows, including resets, coupons, unwinds, novations, porting, and buy-ins/buy-outs.
- Knowledge of system and product data improvements, leveraging market systems like EMIR, MiFID, SWIFT.
- Experience managing outsourced service delivery and third-party relationships, ensuring compliance.
- Ability to adapt to change, multitask under pressure, and meet deadlines.
- Experience with OSTTRA and Markit systems is preferable.
- Commitment to professional development and strategic improvement through collaboration and industry awareness.
We offer a comprehensive benefits package, including:
- Annual performance-related bonus and share schemes
- Generous pension contributions
- Life assurance
- Healthcare plan (for permanent employees)
- At least 25 days holiday plus public holidays, with options to buy or sell holiday
- Family leave policies
- Electric car scheme via salary sacrifice (for permanent employees)
- Discounts on products and at high street stores
- Modern, wellbeing-focused workspace environments
At L&G, we believe in generating positive returns today while building a better future for all. We foster an inclusive culture with opportunities for collaboration across diverse backgrounds. Our leaders are committed to integrity and your wellbeing. We support career development and flexible working arrangements, including part-time, term-time, and job shares, where feasible.
Derivative Operations Senior Analyst employer: LegalAndGeneral
Contact Detail:
LegalAndGeneral 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 trends and regulations in derivative operations. Understanding frameworks like EMIR and MiFID will not only boost your confidence but also demonstrate your commitment to compliance and industry standards during discussions.
✨Tip Number 2
Network with professionals in the asset management sector, especially those who have experience with OTC derivatives and securities lending. Engaging in conversations can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed operational risks or improved processes in previous roles. Being able to articulate your problem-solving skills and adaptability under pressure will set you apart from other candidates.
✨Tip Number 4
Stay updated on the tools and systems relevant to the role, such as OSTTRA and Markit. Familiarity with these platforms can give you an edge and show that you're proactive about integrating into the team seamlessly.
We think you need these skills to ace Derivative Operations Senior Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Derivative Operations Senior Analyst position. Tailor your application to highlight relevant experience in asset management and derivatives.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience with OTC derivatives, securities lending, and any specific systems like OSTTRA or Markit. Use concrete examples to demonstrate your skills in trade processing and operational risk management.
Craft a Strong Cover Letter: Your cover letter should not only express your interest in the role but also connect your background to L&G's mission of responsible investing. Mention how your values align with their commitment to creating sustainable value.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in the financial services industry.
How to prepare for a job interview at LegalAndGeneral
✨Know Your Derivatives
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 they relate to the role.
✨Demonstrate Compliance Knowledge
Familiarise yourself with regulatory requirements such as EMIR and MiFID. Highlight any experience you have in ensuring compliance within derivative operations, as this is crucial for the role.
✨Showcase Problem-Solving Skills
Be ready to provide examples of how you've identified control weaknesses or resolved operational queries in previous roles. This will demonstrate your ability to handle challenges effectively.
✨Engage with Stakeholders
Discuss your experience collaborating with internal teams and third-party providers. Emphasise your communication skills and how you've driven continuous improvement in service delivery.
