Senior Derivatives Onboarding Analyst

Description

The Opportunity

The Senior Derivatives Onboarding Analyst will report to the Manager of Derivatives Onboarding within the Global Derivatives Services team.

The Derivatives Onboarding team supports the Manulife Asset Management and Life Insurance 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.

This individual will be dedicated, assertive, organized and highly professional. The candidate will have a combination of derivatives industry experience, onboarding experience, relationship management skills, and practical business insight.

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 the best execution by setting up the full range of desired derivatives brokers.

Oversee the derivatives trading related onboarding functions for new accounts and new brokers.

Manage 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.

How will you create impact?

The Global Derivative Services team is responsible for managing nearly $300 billion notional (CAD) of derivative products across the world for the Life Insurance general account and Manulife Asset Management with offices in Boston, Toronto, Hong Kong and Manila.

Global Derivative Services includes teams that cover functions such as Back Office Operations, Collateral Management, Middle Office, Onboarding and Regulatory Reform, Accounting functions and their own Business Solutions and Strategy team.

What motivates you?

You obsess about customers, listen, engage and act for their benefit.

You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.

You thrive in teams and enjoy getting things done together.

You take ownership and build solutions, focusing on what matters.

You do what is right, work with integrity and speak up.

You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

Relevant undergraduate education or advanced degree - Business Administration, Finance, Economics, etc. required.

Minimum 3 years of meaningful industry experience with at least 1 year 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.

Familiarity with MS Office suite.

Solid interpersonal skills and a high degree of integrity combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities.

Teammate with experience building and maintaining good working relationships both internally and externally.

Excellent analytical skills - think through problems, assess a variety of factors and recommend solutions.

Insurance Company and Asset Manager industry experience is an asset.

Familiarity with various fund structures : mutual funds, pooled funds, private funds, UCITS, institutional accounts and life insurance general account.

What can we offer you?

A competitive salary and benefits packages.

A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.

A focus on growing your career path with us.

Flexible work policies and strong work-life balance.

Professional development and leadership opportunities.

Our commitment to you

Values-first culture

We lead with our Values every day and bring them to life together.

Boundless opportunity

We create opportunities to learn and grow at every stage of your career.

Continuous innovation

We invite you to help redefine the future of financial services.

Delivering the promise of Diversity, Equity and Inclusion

We foster an inclusive workplace where everyone thrives.

Championing Corporate Citizenship

We build a business that benefits all stakeholders and has a positive social and environmental impact.

LI-JH

LI-Hybrid

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better.

With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States.

We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions.

At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers.

At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.

4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under 945’ in Hong Kong.

Manulife is an Equal Opportunity Employer

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location

Boston, Massachusetts

Salary range is expected to be between

$68,475.00 USD - $114,125.00 USD

If you are applying for this role outside of the primary location, please contact for the salary range for your location.

The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education / training.

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife / John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption / surrogacy and wellness benefits, and employee / family assistance plans.

We also offer eligible employees various retirement savings plans (including pension / 401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources.

Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

I I I I I

Company : John Hancock Life Insurance Company (U.S.A.)