Collateral Analyst

Wellington Management; Boston (MA); Hybrid; USD 80,000 - 150,000; Full time

Benefits offered by this job

Competitive compensation

Flexible work arrangements

Retirement plan

Health coverage

Job summary

Wellington Management seeks a Derivatives Operations Analyst to manage daily collateral activity for ISDA, GMRA/MRA and MSFTA agreements. You will ensure timely margin calls, settlements, and reconciliations while coordinating with brokers, clients, and tech partners in a fast-paced environment.

Role requires 2+ years in investment operations and strong Excel, Python, and SQL skills. Hybrid work model with strong emphasis on accuracy and risk management.

Qualifications

• Undergraduate degree with a strong academic record.
• 2+ years of experience in investment operations.
• Understanding of OTC derivatives products, agreements, and collateral a plus.
• Strong communication skills, high attention to detail, and an analytical, problem-solving mindset.
• Comfortable working in a fast-paced, high-volume environment.
• Willingness to escalate issues and propose solutions.
• Technical proficiency in Excel; experience with Python and SQL preferred.
• Experience with Calypso Collateral, TriOptima, and Acadia a plus.

Responsibilities

• Calculate, issue, and respond to margin calls for OTC derivatives & MSFTA products.
• Process collateral movements (cash and non-cash) and lifecycle events (coupons, interest, etc.) accurately and on time.
• Monitor settlement and reconciliation activity, investigating and resolving failed trades, margin disputes, and valuation differences.
• Monitor collateral balances and eligibility schedules, ensuring usage aligns with legal agreements and internal guidelines.
• Act as a steward of risk and controls by maintaining strong documentation, procedures, and a focus on accuracy and quality.

Skills

Strong communication

Attention to detail

Analytical mindset

Ability to work under pressure

Fast-paced environment

Education

Undergraduate degree

Tools

Excel

Python

SQL

Calypso Collateral

TriOptima

Acadia

Job description

About Us

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 60 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.

About The Role

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. This Derivatives Operations Analyst role will be responsible for managing daily collateral activity for our ISDA, GMRA/MRA and MSFTA agreements. This role ensures timely and accurate margin calls, movements, settlements, and reconciliations while supporting risk management. The Analyst will work closely with brokers, counterparties, client relationship teams, trading, and technology partners to ensure timely processing of collateral, respond to internal and external inquiries, and resolve complex issues. While the role is highly collaborative, many responsibilities are self‑directed and require the ability to work accurately under tight deadlines.

Responsibilities

• Calculate, issue, and respond to margin calls for OTC derivatives & MSFTA products
• Process collateral movements (cash and non‑cash) and lifecycle events (coupons, interest, etc.) accurately and on time
• Monitor settlement and reconciliation activity, investigating and resolving failed trades, margin disputes, and valuation differences
• Monitor collateral balances and eligibility schedules, ensuring usage aligns with legal agreements and internal guidelines
• Act as a steward of risk and controls by maintaining strong documentation, procedures, and a focus on accuracy and quality

Qualifications

• Undergraduate degree with a strong academic record
• 2+ years of experience in investment operations
• Understanding of OTC derivatives products, agreements, and collateral a plus
• Strong communication skills, high attention to detail, and an analytical, problem‑solving mindset
• Comfortable working in a fast‑paced, high‑volume environment
• Willingness to escal… g issues and propose solutions
• Technical proficiency in Excel; experience with Python and SQL preferred
• Experience with Calypso Collateral, TriOptima, and Acadia a plus

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 ensures that all qualified applicants will receive equal 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 [e-mail].

Benefits

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is: USD 80,000 - 150,000 This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process. Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time). 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.