Derivatives Operation Analyst

Overview

We are seeking a meticulous and detail-oriented Derivatives Operation Analyst to join our team. The successful candidate will be responsible for ensuring the accuracy and integrity of trade data, validating trades, and supporting the overall trade lifecycle. This role is critical in maintaining operational efficiency and compliance with regulatory standards.

Responsibilities

• Handle processes for listed derivatives mainly covering settlements.
  
• Responsible for trade date to settlement date processes; should be able to develop expertise on the process over time (pre-matching and confirmation, trade processing, cash transfer, instruction routing, funding, and settlement monitoring) and post-settlement date processes (fails management and reconciliations).
  
• Support interfaces with different internal and external stakeholders (front office, clients, brokers, Nostro agents, exchanges and clearing houses) involved in the settlement process chain, according to the market standards.
  
• Engage with Asia and North Am-domiciled clients and external counterparties daily and handle settlement related queries.
  
• Assist lead in monitoring daily completion of tasks and propose/drive changes via process improvements or digitalization to ensure to help meet operational targets.
  
• Work with onshore stakeholders and other internal teams to resolve issues encountered relating to settlement process, systems, etc.
  
• Provide daily operations support through reconciliation and settlements process of derivative instruments, e.g., Initial/Variation Margin Reconciliation and Settlement of Futures, Cleared Swaps and FX (spot, forwards).
  
• Validate and confirm trade details between internal systems and counterparty trade recaps to ensure accuracy and completeness.
  
• Reconcile trade discrepancies and resolve issues promptly to maintain data integrity.
  
• Collaborate with front office, middle office, and back-office teams to ensure seamless trade processing.
  
• Ensure the accurate and timely settlement of trades across various financial instruments.
  
• Performs checks on information that is vital to settlement (e.g., standard settlement instructions).
  
• Responsible for pre-settlement and post-settlement investigations and dispute resolutions using Markit and Signed Confirmations. Resolution may include amendment of possible system set-up errors.
  
• Coordinate with brokers, custodians, and counterparties to resolve settlement issues and discrepancies.
  
• Works closely with the Business Unit and other local and offshore teams to ensure all breaks are cleared and reconciled, including communication with IT for failed/delayed workflows and tasks.
  
• Assists the Business Unit in performing and providing monthly and quarterly reports and reconciliations provided to other internal teams and stakeholders.
  
• Maintains a good relationship with brokers and counterparties by ensuring all SLA's (daily bank/broker cut-offs) are met.
  
• Assists in testing process improvements and projects involving Settlements and other Derivative Operations functions.
  
• Coordinates with the Accounting team in the resolution of suspense breaks for the periods covered in the reconciliation and assists the Business unit in collating supports and files for yearly audit requirements.
  
• Processes internal ad hoc requests from various groups in a timely and efficient manner.
  
• Updates or creates new process documents for all tasks relevant to the position and maintains an internal database of all process documents.
  
• Proposes improvements to current processes that will increase the efficiency and effectiveness of the group.
  
• Contributes to the gathering of data for quarterly metrics reporting to senior management.
  
• Completes daily, weekly, monthly, quarterly, and year-end reporting duties in a timely manner.
  
• Contributes to the capacity and depth of Global Derivatives Services to respond to the organization's current and future derivative demands.
  

Required Qualifications

• College / University graduate (preferably Math, Business, Finance or related fields) with minimum 2 to 3 years\' work experience in Banking, Finance and/or Investments field.
  
• Basic knowledge of financial markets and the language and terminology used in Investment Management.
  
• Hybrid Work Arrangement: Amenability and readiness to work onsite and from home anytime (dependent on business need AND/OR current external environment/situation) and must be willing to work on a night shift schedule.
  

Preferred Qualifications

• Possesses an understanding of the post trade process including trade allocation, matching, confirmation, and reconciliation for financial products.
  
• Familiarity with MS Office suite and knowledgeable of MS Office.
  
• Solid organizational skills and a high degree of professionalism with the ability to adapt to rapidly changing environments and competing priorities.
  
• Demonstrated ability to work in an environment where procedures and controls are required.
  
• Strong computer skills, with ability to learn and easily adapt to new applications.
  
• High level of accuracy with the ability to analyze complex trade data and identify discrepancies.
  
• Proactively identify issues and develop solutions.
  
• Client focused with the ability to understand the requirements of clients.
  
• Ability to create and maintain strong relationships with people at all levels and different functions throughout the organization and with external partners.
  
• Quick learner and solutions oriented, ability to escalate issues to management.
  
• Ability to react quickly and meet tight deadlines while maintaining accuracy and thoroughness.
  
• Excellent English skills, both oral and written, with strong comprehension skills to effectively communicate with internal and external stakeholders.
  
• Demonstrate initiative and team player.
  
• Ability to adapt to changes and set priorities.
  

When you join our team

• We'll empower you to learn and grow the career you want.
  
• We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
  
• As part of our global team, we'll support you in shaping the future you want to see.
  

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact

Working Arrangement

Hybrid

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