Derivatives Operations Analyst

WELLINGTON MANAGEMENT

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 50 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

Position

The Derivatives Operations team supports a broad range of post‑execution activities, including collateral and margin processing, lifecycle event management, confirmations, and trade messaging for OTC instruments (rates, credit, TRS, options), futures, listed options, cleared OTC, MSFTA, and repo. While management and most of the team are based in Boston, the London group provides critical daily processing, local market coverage, and on‑the‑ground escalation support.

The Derivatives Operations Analyst will be responsible for reconciling and instructing daily margin requirements, processing accounting entries, and performing post‑valuation control reconciliations for cleared products. The Analyst will work closely with brokers, client relationship teams, trading, and technology partners to ensure timely processing of lifecycle events, respond to internal and external inquiries, and resolve complex issues. Given the complexity and manual nature of certain processes, the Analyst is expected to identify and drive efficiency improvements through workflow, reporting, and reconciliation enhancements. While the role is highly collaborative, many responsibilities are self‑directed and require the ability to work accurately under tight deadlines.

Responsibilities:

• Review daily margin calls from brokers and investigate discrepancies

• Perform daily post‑valuation cash reconciliations of collateral and margin movements

• Complete daily control reconciliations across holdings, collateral, and currency balances with internal systems, brokers, custodians, and clearing houses

• Support and maintain effective broker relationships

• Serve as a resource and escalation point for issues raised by internal and external stakeholders, including clients, custodians, accounting agents, trading, and portfolio managers

• Identify and assist in implementing front‑to‑back process improvements to strengthen efficiency and controls

• Participate in industry working groups to assess new clearing opportunities and regulatory developments

• Act as a steward of risk and controls, maintaining a strong focus on accuracy and quality

Qualifications:

• 2 - 4 years experience in back and/or middle office operations with exposure to both cleared and bilateral derivatives, including margin and collateral management

• Strong communication skills, high attention to detail, and an analytical, problem‑solving mindset

• Ability to work effectively both independently and as part of a team

• Experience working within a global team environment preferred

• Experience with Calypso Collateral and/or participation in a system transformation project preferred

• Technical proficiency in Excel; experience with Python and SQL preferred

• Experience with agentic applications a plus

JOB TITLE

Derivatives Operations Analyst

JOB FAMILY

Derivatives Operations, InvesTech

LOCATION

London

Not sure you meet 100% of our qualifications?  That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management considers all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com.

We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.