OTC Collateral Analyst - Derivatives Operations (Hybrid)

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

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.