Derivatives Middle Office Associate
Posted on: 1 Feb 2022
Stamford, Connecticut
Job Description
YOUR ROLE
You will support our Investments Derivatives Middle Office Group through trade processing and operations, periodic reporting and leading special projects. You will be primarily involved in the daily tasks associated with processing derivatives trades throughout the trade lifecycle. The Group works closely with our traders, the Derivatives Accounting team, the Derivatives IT team and other key stakeholders within Genworth. Derivatives is a high profile area at Genworth and Derivatives Middle Office offers a fast paced and challenging environment working with experienced professionals.
YOUR RESPONSIBILITIES
Provide confirmation of all new trades and reconciliation of positions
Research and resolve operational issues with both internal and external customers
Prepare client wire payment requests
Reconcile margin requirements
Manage collateral relationship with custodian
Receive/satisfy margin calls
Perform analytics on derivatives portfolio
Prepare development requirements for system / reporting improvements
Implement improvements to the current environment, which includes controls and automation
Work with Product Support Team to assist with various projects, including regulatory and industry initiatives
Perform ad hoc financial analysis and reporting as needed
YOUR QUALIFICATIONS
BS degree in finance, economics, accounting, or relevant analytical major
2+ years of financial services experience
1+ year of Derivatives operations experience, preferably in a middle office capacity or similar experience
Comfortable interacting at all levels of the organization (associates, leaders, and executives)
Intermediate to advanced MS Excel skills
Team player with excellent communication and collaboration skills
PREFERRED QUALIFICATIONS
Derivatives collateral experience
Experience leading derivatives projects or interest in leading projects
CPA, MBA, CFA or interest in continuing training and development
Experience with adhering to new regulatory requirements (e.g., new margin requirements for uncleared derivatives, mandatory initial margin or similar)
WHY GENWORTH?
We have a real impact on the lives of the people we serve
We work on challenging and rewarding projects
We give back to the communities where we live
We offer competitive benefits including:
Medical, Dental, Vision, Flexible Spending Account options beginning your first day
Generous Choice Time Off your first full year
12 Paid Holidays
40 hours of volunteer time off
401K Account with matching contributions
Tuition Reimbursement and Student Loan Repayment
Paid Family Leave
Child Care Subsidy Program
Genworth
Richmond, VA
Genworth Financial, Inc. provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans. The Canada Mortgage Insurance segment provides flow mortgage insurance; and bulk mortgage insurance that aid in the sale of mortgages to the capital markets, as well as helps lenders manage capital and risk in Canada.
The Australia Mortgage Insurance segment offers flow mortgage insurance and bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk. The U.S. Life Insurance segment offers long-term care insurance products and fixed annuity products in the United States. The Runoff segment covers non-strategic products, which primarily include variable annuity, variable life insurance, institutional, corporate-owned life insurance, and accident and health insurance products.
This segment’s institutional products include funding agreements and funding agreements backing notes. The company distributes its products and services primarily through appointed independent producers and employer groups. Genworth Financial, Inc. was founded in 1871 and is headquartered in Richmond, Virginia.
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IndustryInsurance
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No. of Employees3, 500
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Website
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Jobs Posted29
