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Derivative Operations Associate

New York Life Insurance Co
New York City, United Statesfull_timeVerifiedPosted 4 Feb 2025
💰 $75,000/yr($70,000/yr$75,000/yr)

About the role

Location Designation: Hybrid - 3 days per week 

 

NYL Investors LLC, an integrated asset management enterprise with over $250 billion in assets under management is currently seeking a Securities Operations Associate within its Derivative Operations group to assist with collateral management and derivative settlements (cleared and OTC).

What You'll Bring:

  • Review and maintain margin balances related to Derivatives and MBS in a timely and accurate manner to ensure proper collateralization.
  • Review and communicate cash and securities collateral movements with counterparties.
  • Communicate daily collateral movements to Cash Forecasting team.
  • Confirm and exchange interest on collateral monthly with various brokers for derivative and MBS cash collateral.
  • Monitor OTC derivative and cleared trade settlements and confirmations.
  • Respond to departmental inquiries resolving questions and concerns regarding OTC and Cleared Derivatives.
  • Participate in team projects to enhance workflow and support changes in industry regulations related to derivatives.
     

 What You'll Do:

  • Bachelor’s Degree in Business or Finance required
  • Knowledge of OTC Derivatives and Dodd-Frank regulations a plus
  • Advanced skills in Microsoft Office 
  • Detail oriented
  • Strong oral and written communication skills
  • Excellent interpersonal, teamwork and client service skills

#LI-AM1

#hybrid

Pay Transparency

Salary Range:  $70,000-$75,000 

Overtime eligible: Nonexempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

 

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

 

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

 

Recognized as one of Fortune’s World’s Most Admired Compan

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Company

New York Life Insurance Co

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