Associate, Derivatives and Collateral Management

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Job Title: Associate, Derivatives and Collateral Management

Locations: Charlotte, NC or Boston, MA

As a key member of Barings Operations you will be responsible for the delivery of US operational services relating to Derivatives and Collateral Management processes, reporting to Manager of Derivatives and Collateral based in US.

You will work closely with both internal partners (trading, portfolio management, compliance, counterparty management etc.) and relevant external parties (counterparties, custodians, clearing institutions).

You will join the team of dedicated professionals responsible for performing all aspects of derivatives post execution processing and collateral management activities.

You will demonstrate credibility with a proven competency and knowledge of the operational and trading activities, as well as drive efficiency and accuracy to reduce risk in our processes.

Responsibilities:

• Focus on accurate and timely transaction processing of Derivatives and Collateral Management, ensuring tasks are prioritized accordingly to meet processing deadlines
• Work closely with front office and business partners to provide daily operational support included but not limited to trade capture, asset set-up, confirmations processing, settlements, failed trade management, payment processing and reconciliation
• Coordinate margin calls and manage the dispute process with each respective counterparty
• Book agreed collateral movements, provide proactive communication with custodian banks and support collateral settlement process
• Act as a subject matter expert on firm's operational workflows and processes for derivatives and collateral, including liaison with Manager of Derivatives and Collateral in relation to any enhancements to Aladdin to support new business initiatives.
• Assist Manager of Derivatives and Collateral with any Regulatory Change projects impacting Derivatives e.g. UMR, LIBOR transition.
• Take responsibility and provide proactive communication while troubleshooting and resolving issues related to Derivative trade capture, settlements and collateral management
• Identify risk issues and use good judgement in communicating issues to management attention and escalating matters when warranted
• Develop strong client relationships and partner with front office and IT to realize the full potential of operational workflows
• Actively ensure upward and downward communication of developments and issues

Qualifications and Skills:

• Full understanding of different types of products and processing requirements for bilateral and cleared swaps, cross currency swaps, zero coupon swaps, CDS/X, swaptions, TRS, caps/floors, FX, futures and options.
• Understanding of the lifecycle of the trade from execution to settlement, as well as collateral management process
• Solid understanding of operational risks and controls
• Knowledge of connectivity protocols is a plus
• Knowledge of Order Management Systems, in particular Aladdin
• Analytical ability to evaluate the root causes of the problems and aptitude to understand complex workflows
• Able to manage heavy workload, understand urgency, multitask and prioritize to meet deadlines
• Strong teamwork ethic whilst also having the ability to function without explicit direction, challenge yourself to learn new things and continually improve
• Effective communication skills, both written and verbal

Experience:

• 5+ years' experience in financial services
• Recent and relevant experience in Trade Operations
• Strong knowledge of derivatives products and collateral management processes

Education:

• Bachelor's degree in Accounting, Economics, Finance or related field

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Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Barings offers a comprehensive benefits package including:

CORE BENEFITS & WELLNESS

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits

FINANCIAL WELL-BEING

• 401(k) Plan w/Company Match
• Pension Plan
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account

LIFE INSURANCE

• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance

TIME OFF, DISABILITY AND LEAVE OF ABSENCE

• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time

OTHER BENEFITS

• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program