I&CM Debt & Derivatives Operations Manager

Freddie Mac; New York (NY); On-site; USD 118,000 - 178,000; Full time

Job summary

A leading company in the financial sector is seeking a Back-Office Manager for capital markets operations. This role involves overseeing a team, managing trade processing, and improving operational efficiencies. The ideal candidate will have extensive experience in trading systems and capital markets, alongside strong leadership and communication skills. This position offers a competitive salary and benefits, emphasizing the importance of teamwork and collaboration.

Benefits

Comprehensive total rewards package

Competitive compensation

Market-leading benefit programs

Qualifications

• 8-10 years of related experience with 1-2 years of supervisory/management experience.
• In-depth understanding of fixed income investments and capital markets.

Responsibilities

• Manage a team of up to 9 direct reports responsible for back-office support.
• Collaborate with internal and external business partners.
• Lead new initiatives and manage audits.

Skills

Leadership

Communication

Collaboration

Interpersonal Skills

Education

College Degree or equivalent

Tools

Trading systems

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Continue your career journey where your work contributes to a greater purpose.

Position Overview:

Responsible for back-office activities for capital markets trades, specifically those related to derivatives and debt. Specific functions vary by product but the general responsibilities for staff in this area may include the following: trade processing, confirmation and settlement; collateral management; processing of incoming/outgoing wire activity; tracking and resolution of trade fails; and reconciliation and validation of trade data. Serve as point of contact with external vendors and manage external clearing and custodial relationships. Maintain internal controls across the full trade life cycle. Partner with technology groups to identify workflow efficiency opportunities and enhance straight through processing. Receives assignments in the form of objectives and determines how to use resources to meet multiple schedules and goals, simultaneously. Provides leadership and guidance to subordinates at the professional level within the latitude of established company policies. Recommends changes to policies and establishes procedures that affect immediate organization's operation. Works on issues of diverse scope where analysis of situation or data requires evaluation of a variety of factors, including an understanding of current business trends. Acts as an advisor to subordinates to meet schedules and/or resolve technical and operational problems. Develops and administers schedules, performance requirements; may have budget responsibilities. Manages the coordination of the activities of a section or department. Requires ability to influence others to accept practices and approaches. College Degree or equivalent experience; advanced studies/degree preferred. Typically has 8-10 years related experience and 1-2 years management experience.

Our Impact:

The Debt & Derivative Operations Team is responsible for trade confirmation, settlement, reporting and reconcilement of activity. They work closely with trading desks, back-office teams, vendors, finance, treasury ops and risk & controls to ensure successful execution and ongoing support of I&CM trading activity and new initiatives.

Your Impact:

In this role, you will be managing a team of up to 9 direct reports responsible for back-office support of capital markets activity. You will be expected to have an in-depth understanding of products, processes, systems and controls to ensure the team is operating efficiently, to improve processes and to enhance controls.

You will be leading a team that is integral to the support of capital markets activity and will:

• Collaborate with internal and external business partners including trading desks, counterparties, and vendors

• Enhance our process to be more automated and controlled

• Manage team performance

• Lead new initiatives

• Manage audits

Qualifications:

• College Degree or equivalent preferred

• Typically has 8-10 years of related experience with 1-2 years of supervisory/management experience

• In depth understanding of Trading systems

• Knowledge of fixed income investments and capital markets.

• Strong communications, leadership and collaboration skills

• Strong interpersonal skills and the ability to develop and maintain partner relationships at all levels.

Keys to Success in this Role:

• High level of energy, creativity, flexibility, and dedication

• Ability to communicate and work with diverse groups (both internal and external).

• Ability to provide both positive and constructive feedback

• Ability to proactively manage team performance

• Ability to develop mutually beneficial relationships inside and outside of the I&CM division.

• Deep curiosity to learn about new trends and how to do things better.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $118,000 - $178,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.