AVP, Derivatives Middle Office Operations

Alternate Locations: Work from Home

 

 Work Arrangement:

Remote : Work at home employee residing outside of a commutable distance to an office location.

 

Relocation assistance:  is not available for this opportunity.

 

Requisition #: 75799

 

The Role at a Glance

We’re seeking a senior leader to run a high-performing Derivatives Middle Office Operations function spanning trade capture, affirmations, confirmations, collateral and margin, lifecycle events, reconciliations, settlements, clearing/reporting, and operational change (including implementation of a new derivatives platform). This role leads the team that sits at the intersection of Trading/Treasury, Risk, Legal, Accounting/Finance, and Technology—ensuring straight‑through processing, robust controls (SOX 404), and timely inputs to support accurate books-and-records under US GAAP and insurance statutory accounting.

What you'll be doing

• Own operational outcomes across the derivative trade lifecycle for Rates, FX, Equity, TRS, Credit, and Futures, including booking quality, lifecycle processing, settlements, clearing, reconciliations, and reporting readiness
• Direct oversight of trade capture and enrichment ensuring accuracy of static/reference data and lifecycle readiness
• Govern affirmation and confirmations (electronic and paper), ensuring timeliness and completeness
• Oversee all lifecycle events (fixings/resets, coupon flows, novations, compressions, early terminations, exercises, corporate actions/adjustments where relevant) and ensure accurate settlements with minimal fails and strong exception management
• Own daily collateral and margin operations across bilateral and cleared portfolios, including margin calls, dispute management, collateral eligibility/haircuts, substitutions, accurate margin settlement, and UMR governance
• Maintain strong working relationships and operational standards with CCPs/FCMs, ensuring timely margin movements, accurate allocation, and robust issue resolution
• Own reconciliations across position, cash, collateral, and valuation, with aggressive break aging, root-cause analysis, and closure discipline
• Develop dashboards and KPI reporting to proactively identify trends, risks, and recurring drivers of breaks/fails
• Build and maintain a strong SOX and control framework across trade capture, confirmations, margining, settlements, reconciliations, and change management; drive timely remediation of control gaps and audit issues
• Partner with Front Office and Treasury on new product onboarding, trading readiness, operational support during market events, and ongoing process/service improvements
• Ensure operational inputs are accurate and timely to support accounting, including hedge accounting, under US GAAP and insurance statutory reporting
• Sponsor technology modernization and STP initiatives—partnering with Technology to enhance platforms, reduce manual touchpoints, strengthen controls, and improve scalability
• Lead, coach, and develop a team of managers and analysts, establishing clear expectations, performance management, succession planning, and career pathways
• Drive talent development in derivatives product knowledge, control mindset, and stakeholder leadership

What we’re looking for

Must-Haves

• 10+ years experience leading Derivatives Middle Office and Collateral/Margin functions with accountability for outcomes across multiple products and workflows
• Ability to translate risk and regulatory expectations into practical, scalable processes and controls
• Strong process engineering mindset: automation, STP, workflow optimization, and reduction of operational risk through simplification and standardization
• Data governance orientation: reference data, static data controls, reconciliation tooling/discipline, and operational data quality management
• Executive presence and strong written/verbal communication—able to drive alignment with Front Office, Accounting/Finance, Risk, Tech, and Compliance/Legal.
• Ability to prioritize and make decisions under pressure; confident escalation and issue ownership

Application Deadline

Applications for this position will be accepted through May, 31, 2026, subject to earlier closure due to applicant volume.

 

What’s it like to work here?

At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our uniq