Senior Derivatives & Collateral Operations Analyst

Vanguard Group; Melbourne; Hybrid; AUD 120,000 - 180,000; Full time

Job summary

Vanguard Group in Melbourne, Australia, is seeking a Fund & Investment Operations Analyst – Specialist to join the Derivatives and Collateral Management Team within Investment Operations. The role covers daily OTC and exchange-traded derivatives operations, collateral management, and risk controls in a hybrid work model.

You will mentor teammates, drive process improvements, and work with brokers, custodians, and internal teams to ensure accurate settlements and reporting.

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.

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 daily maintenance of applicable general ledger accounts and market value control impacts.
• Builds effective relationships with investment teams, global business partners, technology teams, broker-dealers, custodians, and other external counterparties.
• Creates and reviews required quarterly, semi-annual, and annual reports for use in funds' financial statements and for external auditors.
• Serves as a subject matter expert and cross-trained resource for the wider function; mentors and coaches team members.
• Partners with the team to foster understanding of processes and how they impact internal and external clients; recommends process improvements.
• Ensures comprehensive documentation of current policies and procedures.
• Participates in special projects and performs other duties as assigned.

Skills

Derivatives operations

Collateral management

Stakeholder engagement

Education

Accounting or Finance degree

Undergraduate degree or equivalent training

Tools

Calypso system

Job description

Fund & Investment Operations Analyst - Derivatives and Collateral Operations Specialist

50years 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, itwas 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 than50 million investorsworldwide. 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, recognising our strong commitment to gender equality and our dedication to inclusive policies, gender balanced outcomes and a safe, respectful workplace.

Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

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