Head of US Middle Office

Legal And General Group; Chicago (IL); On-site; USD 180,000 - 260,000; Full time

Job summary

L&G Asset Management America is seeking a Head of US Middle Office Oversight to lead and govern critical post-trade functions across Trade Services, Derivatives Operations, Collateral Management, Reconciliations, Asset Servicing, and vendor governance.

The role requires 12-15+ years of investment operations experience, a track record of raising control standards, and the ability to partner with Portfolio Management, Risk, Compliance, and Technology to drive automation and resilience.

Qualifications

• 12-15+ years in investment operations, middle office, or post-trade.
• Deep expertise across trade services, settlements, derivatives, collateral management, reconciliations, corporate actions, and outsourced operating models.
• Proven track record leading multiple operational disciplines through managers and senior team leads.

Responsibilities

• Oversee trade lifecycle, settlement, funding, and market claims.
• Manage OTC/ETD lifecycle events, margin, UMR, and pricing.
• Lead reconciliations across cash, positions, transactions, derivatives, collateral.
• Oversee asset servicing, corporate actions, and election management.
• Govern vendor/broker oversight including SLA/KPI management.
• Strengthen risk & controls, including SOC1 and regulatory readiness.
• Drive transformation and automation with dashboards and workflow optimization.

Skills

Investment operations

Middle office

Post-trade operations

Trade services

Derivatives operations

Collateral management

Risk & controls

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

The Head of US Middle Office Oversight is accountable for oversight of:

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

• 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.

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)