Head of US Middle Office

L&G – Asset Management, America; Chicago (IL); On-site; USD 180,000 - 300,000; Full time

Benefits offered by this job

Health insurance

401K

Commuter benefits

Job summary

L&G Asset Management America is seeking a Head of US Middle Office Oversight based in Chicago to lead and govern post-trade operations across Trade Services, Derivatives, Collateral, and Reconciliations.

You will partner with Portfolio Management, Risk, Compliance, and Technology to deliver a resilient operating model, drive automation, control enhancements, and vendor governance while managing risk and regulatory commitments.

Qualifications

• 12-15+ years in investment operations or post-trade.
• Deep expertise across trade services, settlements, derivatives, collateral, reconciliations, and corporate actions.
• Experience leading multiple operational disciplines through managers.
• Proven track record in risk control, audits, and transformation initiatives.

Responsibilities

• Trade lifecycle management
• Settlement
• Funding and fail management
• Market claims
• Trade control framework
• OTC and ETD lifecycle events
• Margin and collateral management
• UMR compliance
• OTC pricing
• Clearing operations oversight
• Cash reconciliations
• Position reconciliations
• Transaction reconciliations
• Derivative reconciliations
• Collateral reconciliations
• Exception governance and resolution
• Mandatory and voluntary events in Asset Servicing
• Income processing
• Election management
• Complex event oversight
• Market deadline governance
• State Street Alpha oversight and vendor governance
• SLA/KPI management
• Service reviews
• Issue escalation
• Operating model governance
• Audit support
• SOC1 oversight
• Regulatory preparedness
• Operational risk management
• Control attestations
• Workflow automation
• Dashboard MI development
• Process optimization
• Data quality initiatives

Skills

Trade services

Derivatives ops

Collateral mgmt

Reconciliations

Leadership

Operational risk

Regulatory audits

Tools

State Street Alpha

Job description

Company Description

L&G's Asset Management business is a major investor across public and private markets worldwide, with $1.533 trillion in AUM.* Our clients include individual savers, pension scheme members and global institutions, who invest alongside L&G’s own balance sheet.

Our ambition is to be a leading global investor, innovating to solve complex challenges for our clients using the power of L&G. This is rooted in our investment philosophy and processes, which are focused on creating value over the long term.

We believe that incorporating financially material sustainability criteria, when relevant to our clients, can generate value and drive positive change.

Job Description

The Head of US Middle Office Oversight is responsible for leading and governing critical post-trade operational functions supporting L&G Asset Management America’s investment business. This role oversees Trade Services, Derivatives Operations, Collateral Management, Reconciliations, Corporate Actions, Asset Servicing, and third-party service provider performance across global markets and investment products.

The position serves as the senior operational leader responsible for ensuring a controlled, scalable, and resilient operating model supporting the full investment lifecycle. Responsibilities include oversight of trade processing, settlement, derivative lifecycle management, collateral administration, cash and position reconciliations, asset servicing activities, operational risk management, and outsourced service provider governance.

The role partners closely with Portfolio Management, Trading, Risk, Compliance, Fund Administration, Technology, Custody, Brokers and external service providers to deliver operational excellence, risk management while driving automation, control enhancement, and strategic transformation initiatives.

Responsibilities

Trade Services

• Trade lifecycle management
• Settlement
• Funding and fail management
• Market claims
• Trade control framework

Derivatives & Collateral

• OTC and ETD lifecycle events
• Margin and collateral management
• UMR compliance
• OTC pricing
• Clearing operations oversight

Reconciliations

• Cash reconciliations
• Position reconciliations
• Transaction reconciliations
• Derivative reconciliations
• Collateral reconciliations
• Exception governance and resolution

Asset Servicing & Corporate Actions

• Mandatory and voluntary events
• Income processing
• Election management
• Complex event oversight
• Market deadline governance

Vendor/Broker Oversight

• State Street Alpha oversight
• Broker relationships and escalation handling
• SLA/KPI management
• Service reviews
• Issue escalation
• Operating model governance

Risk & Controls

• Audit support
• SOC1 oversight
• Regulatory preparedness
• Operational risk management
• Control attestations

Transformation & Automation

• Operational monitoring
• Workflow automation
• Dashboard MI development
• Process optimization
• Data quality initiatives

Qualifications

Experience

• 12-15+ years of investment operations, middle office, or post-trade operational experience
• Deep expertise across trade services, settlements, derivatives, collateral management, reconciliations, corporate actions, and outsourced operating models.
• Demonstrated experience leading multiple operational disciplines through managers and senior team leads.
• Proven track record managing operational risk, controls, regulatory audits, and strategic transformation initiatives.

Technical Knowledge

Strong Understanding Of

• Trade lifecycle and settlement operations
• Cash and position reconciliations
• Derivative lifecycle management
• Collateral and margin operations
• Fixed income, equities, ETFs, FX, and derivatives
• Corporate actions and asset servicing
• Operational risk and control frameworks
• Custody and fund operating models
• Post-trade data governance and exception management

Additional Information

The starting salary offer will vary based on multiple factors, including but not limited to the applicant’s education, job-related experience, skills, and abilities, geographic location, and market factors. This position is also eligible to participate in the company’s annual discretionary bonus plan. Full time employees may be eligible for health insurance with an optional HSA, short term disability, long term disability, dental insurance, vision care, life insurance, Healthcare, Dependent and Limited Care Flexible Spending Accounts, 401K, vacation, sick time, an employee assistance program, and commuter and transit programs. Additional voluntary programs include: supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance.

EOE Statement

As an EOE employer, L&G Asset Management, America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing non-discrimination in employment. (2025)