Collateral Analyst

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

Benefits offered by this job

Retirement plan

Health and wellbeing

Dental

Vision

Pharmacy coverage

Health savings account

Flexible spending accounts

Commuter program

Employee assistance program

Life and disability insurance

Adoption assistance

Back-up childcare

Tuition/CFA reimbursement

Paid time off

Job summary

Wellington Management is seeking a Collateral Analyst to join the Derivatives Operations team in Boston. You will manage daily collateral activity for ISDA, GMRA/MRA and MSFTA agreements, ensuring timely margin calls, settlements, and reconciliations while supporting risk management and working with brokers, clients and tech partners.

The role requires an undergraduate degree, 2+ years in investment operations, strong Excel skills, and familiarity with OTC derivatives and collateral processes.

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, high attention to detail and analytical mindset.
• Comfortable in a fast-paced, high-volume environment.
• Willingness to escalate issues and propose solutions.
• Excel proficiency; 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 and lifecycle events accurately and on time.
• Monitor settlement and reconciliation activity, investigate failed trades and valuations.
• Maintain collateral balances and ensure compliance with agreements.
• Support risk controls through documentation and process discipline.

Skills

Python

SQL

Excel

OTC derivatives

Communication

Detail-oriented

Analytical thinking

Education

Bachelor's degree

Tools

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

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 escalated issues and propose solutions
• Technical proficiency in Excel; experience with Python and SQL preferred
• Experience with Calypso Collateral, TriOptima, and Acadia a plus

JOB TITLE Collateral Analyst

JOB FAMILY Derivatives Operations, InvesTech

LOCATION 280 Congress

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 or 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].

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.

Benefits

• retirement plan
• health and wellbeing
• dental
• vision
• pharmacy coverage
• health savings account
• flexible spending accounts
• commuter program
• employee assistance program
• life and disability insurance
• adoption assistance
• back-up childcare
• tuition/CFA reimbursement
• 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 remote 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.

Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. We serve as a trusted adviser to clients in over 60 countries, visit our website to see our assets under management. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions.

As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.

For more information, please visit https://www.wellington.com/en/