Derivative Reconciliation Analyst

Derivative Reconciliation Analyst

Derivative Reconciliations

Full-Time

Springfield, MA or Boston, MA

The Opportunity

The analyst will report to the Director of Derivative Reconciliations within the Investment Management Division. The team is responsible for Derivative and Collateral cash reconciliations.

The team is diligently working on a multi-year project related to the transformation of MassMutual's Derivatives and Collateral Platform.

The effort entails the building business requirements for data management and cash reconciliations. There is continuous development and knowledge growth including working with the areas within the Derivative Center of Excellence, Derivative Trade Operations team, Collateral Management team and the Investment Pricing team.

The Team

The analyst will report to the Director of Derivative Reconciliations within the Investment Management Division. The team is responsible for Derivative and Collateral cash reconciliations.

The team is diligently working on a multi-year project related to the transformation of MassMutual's Derivatives and Collateral Platform.

The effort entails the building business requirements for data management and cash reconciliations. There is continuous development and knowledge growth including working with the areas within the Derivative Center of Excellence, Derivative Trade Operations team, Collateral Management team and the Investment Pricing team.

The Impact

• Processing of reconciliations in current and future Derivative platforms
• Resolving data and cash reconciliation breaks, collaborating with the Derivative Center of Excellence and the Investment Controllership team.
• Drives continuous improvement in the Derivative Ecosystem.
• Work in conjunction with team members, internal and external business partners to research and accommodate new derivative products traded by the investment managers.
• Supports the Derivative Life Cycle for both the Front Office and the Back-Office areas including Investment Management, Traders, Accounting and Tax.
• Analysis for derivative settlement discrepancy, review and resolution.
• Research and Analysis for collateral management reconciliation. Including but not limited to Cash and Securities posted and held related to Uncleared Margin, Regulatory Margin, Cleared Margin and SIMM UMR.
• Completing periodic Audit, Sarbanes Oxley and daily reporting.

The Minimum Qualifications

• Bachelor's degree in Finance, Accounting, Business Management, or other related field.
• 2+ years of investment data and cash reconciliations experience with an understanding of systems and data management.

The Ideal Qualifications

• Understanding of investment operations processes and related data workflows and integration.
• Ability to work with investment data providers and consumers to analyze, recognize issues and assist in issue resolution.
• Strong collaboration skills and ability to work in a team-based environment.
• Effective communication skills with ability to address and resolve disputes tactfully
• Adapts to a fast-paced, high-intensity environment
• Ability to organize and prioritize tasks to achieve deadlines
• Knowledge in OTC and Exchange Traded Derivatives
• Familiarity with TriOptima portfolio reconciliation
• Experience with Calypso / Adenza Investment Systems
• Experience with Murex Systems
• Experience with SAP
• Experience in Life Insurance and / or Investment Management a plus

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Derivative Reconciliations team
• Focused one-on-one meetings with your manager
• Access to mentorship opportunities
• Networking opportunities including access to Asian, Hispanic / Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

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Salary Range :

$84,100.00-$110,300.00

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees.

Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority.

In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services.

To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone.

A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits.

And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first.

It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts.

At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority / Female / Sexual Orientation / Gender Identity / Individual with Disability / Protected Veteran.

We welcome all persons to apply. Note : Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees.

Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.