Operations Manager, Derivatives Settlements

Manulife Financial; Quezon City; On-site; PHP 800,000 - 1,800,000; Full time

Job summary

Manulife Financial Corporation is seeking a senior derivatives operations professional to join Global Derivative Services. You will manage the trade life cycle, confirmations, reconciliations, OTC and margin settlements, and interface with Front Office and Solutions Team.

Based in Metro Manila, you will build relationships with traders and managers, monitor regulatory changes, support valuation and data integrity, and oversee operations analysts in a fast-paced, hybrid environment.

Qualifications

• Bachelor’s degree in Finance, Accounting or Economics and equivalent experience working in a derivatives back or middle office environment.
• Minimum 5 years Investment/Derivatives industry experience with an emphasis on trade life-cycle and settlements.
• Excellent analytical skills, high level of accuracy and the ability to think through problems, assess a variety of factors and recommend solutions.
• Solid organizational skills and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities.

Responsibilities

• Establish strong working relationships with various business unit managers and traders to ensure a timely and accurate trade life cycle.
• Stay current with global regulatory changes as it relates to derivatives reform and provide recommendation for changes that may impact the current internal controls environment.
• Interact with the Accounting and Middle Office teams on issues pertaining to valuation and data integrity and will also need the ability to multi-task and deal with competing priorities, as this is a dynamic, fast paced environment in constant change.
• Develop an understanding of the current derivatives landscape and how global financial reform impacts our firm
• Oversee each component of the derivatives back office and act as the main escalation group contact for both internal and external stakeholders.
• Oversight of operations analysts.

Skills

Derivatives back/middle office

Trade life-cycle

Analytical skills

Data integrity

Regulatory knowledge

Stakeholder management

Education

Bachelor's degree in Finance/Accounting/Economics

Equivalent experience in derivatives back/middle office

Job description

Global Derivative Services is responsible for all back-office functions that support derivative trading enterprise-wide, including both the General Account and 3rd party funds managed by Manulife Investment Management across multiple legal entities, segments and portfolios. Instrument types comprised of cleared and over-the-counter swaps, futures, options, fx and the candidate should have intimate knowledge of each. Daily functions include derivative trade life cycle processing, trade confirmations, reconciliations, OTC and margin settlements, fielding audit inquiries, liaising with Front Office and Solutions Team, collateral management, static data maintenance and reporting.

Position Responsibilities:

• Establish strong working relationships with various business unit managers and traders to ensure a timely and accurate trade life cycle.
• Stay current with global regulatory changes as it relates to derivatives reform and provide recommendation for changes that may impact the current internal controls environment.
• Interact with the Accounting and Middle Office teams on issues pertaining to valuation and data integrity and will also need the ability to multi-task and deal with competing priorities, as this is a dynamic, fast paced environment in constant change.
• Develop an understanding of the current derivatives landscape and how global financial reform impacts our firm
• Oversee each component of the derivatives back office and act as the main escalation group contact for both internal and external stakeholders.
• Oversight of operations analysts.

Required Qualifications:

• Bachelor’s degree in Finance, Accounting or Economics and equivalent experience working in a derivatives back or middle office environment
• Minimum 5 years Investment/Derivatives industry experience with an emphasis on trade life-cycle and settlements
• Excellent analytical skills, high level of accuracy and the ability to think through problems, assess a variety of factors and recommend solutions
• Solid organizational skills and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities

Preferred Qualifications:

• Team player with demonstrated experience building and maintaining good working relationships both internally and externally
• Excellent written and oral communication and interpersonal skills with the ability to build relationships across departments
• Influence and work collaboratively with stakeholders in a sophisticated and demanding business environment

When you join our team:

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Working Arrangement

Hybrid