Fund & Investment Operations Analyst - Derivatives and Collateral Operations Specialist

Vanguard; Melbourne; On-site; AUD 150,000 - 190,000; Full time

Job summary

Vanguard Australia seeks a Fund & Investment Operations Analyst - Specialist to join the Derivatives and Collateral Management Team within Investment Operations. You will manage OTC and exchange-traded derivatives, collateral, reconciliations, and cash movements, safeguarding funds and ensuring strict controls.

You will collaborate with investment teams, technology, brokers, custodians, and other counterparties, driving process improvements and strengthening risk management across the function.

Qualifications

• Minimum of three years related work experience in Derivative Operations and/or Collateral Management.
• Calypso system experience preferred.
• Undergraduate degree or equivalent combination of training and experience; Accounting or Finance degree preferred.

Responsibilities

• Oversees daily derivatives and collateral operations, including margining, valuation, reconciliations, cash movements, regulatory reporting, and swaps lifecycle events.
• Maintains ownership for daily general ledger and market value control impacts; acts as an operational expert for accurate, timely functions.
• Builds relationships with investment teams and external counterparties; anticipates needs and coordinates issue resolution.
• Generates and reviews quarterly, semi-annual, and annual reports for financial statements and external auditors.
• Mentors and coaches team members; supports coverage and training to strengthen capability.
• Partners with teams to ensure processes are understood and risks are mitigated via improvements.
• Ensures comprehensive documentation of policies and procedures.
• Participates in special projects and other duties as assigned.

Skills

Derivatives Operations

Collateral Management

Risk & Controls

Education

Undergraduate degree

Accounting/Finance degree preferred

Tools

Calypso

Job description

About Vanguard

50 years ago, John C. Bogle had a vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant. To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.

Today, Vanguard is one of the world's largest investment management companies, serving more than 50 million investors worldwide. For more than 30 years Vanguard Australia has been supporting individual investors, financial advisers, and superannuation members to achieve their long-term financial goals.

We are seeking a Fund & Investment Operations Analyst - Specialist to join our Derivatives and Collateral Management Team within Investment Operations. The team plays a critical role in protecting Vanguard's funds by ensuring derivatives and collateral obligations are managed accurately and appropriate collateral is exchanged with some of the world's largest financial institutions.

As a key subject matter expert, you will oversee daily operations across OTC and exchange-traded derivatives margining, collateral management, position and valuation reconciliations, cash movements, regulatory, and swaps lifecycle events. You will take ownership of complex operational processes, resolve exceptions, strengthen risk and controls, support global process model, and drive improvements through technology and automation. Working closely with investment teams, global partners, technology teams, broker-dealers, custodians, and other external counterparties, you will also coach team members and help build capability across the function. This is an opportunity to deepen your expertise in financial markets, risk management, and investment operations while making professional judgement and a continuous improvement mindset to make a meaningful impact in a broad, globally connected specialist role.

Core Responsibilities

• Oversees daily derivatives and collateral operations, including OTC and exchange-traded derivatives margining, valuation and position reconciliations, cash projections and movements, collateral management, margin settlement, regulatory reporting, and swaps lifecycle events.


• Maintains ownership for the daily maintenance of applicable general ledger accounts and market value control impacts. Serves as an operational expert in ensuring functions are completed in an accurate and timely manner.


• Builds effective relationships with investment teams, global business partners, technology teams, broker-dealers, custodians, and other external counterparties. Anticipates stakeholder needs, communicates proactively, and coordinates the timely resolution of operational issues.


• Creates and reviews required quarterly, semi-annual, and annual reports for use in the funds' financial statements and for examination by our external auditors for data regarding derivatives.


• Serves as a subject matter expert and cross-trained resource for the wider function. Mentors and coaches team members, shares technical knowledge, supports operational coverage and on-the-job training, and helps strengthen capability across the team.


• Partners with the team to foster a comprehensive conceptual understanding of processes and their impact to internal and external clients. Understands and recommends solutions to mitigate business risks by implementing process improvements related to department and team workflows. Researches and evaluates derivatives regulation changes and market events that may impact operational processes.


• Ensures accountability for comprehensive documentation of all current policies and procedures.


• Participates in special projects and performs other duties as assigned.

Qualifications

• Minimum of three years related work experience Derivative Operations and/or Collateral Management.


• Calypso system experience preferred


• Undergraduate degree or equivalent combination of training and experience. Accounting or Finance degree preferred.

Inclusion Statement

Vanguard's continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: "Do the right thing."

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard's core purpose through our values.

When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.

Vanguard Australia is proud to hold the Employer of Choice for Gender Equality (EOCGE) citation, awarded by WGEA, recognisin