Derivative Operations Manager, L&G - Asset Management, America

Investment Operations oversees all post-trading activities including settlements, reconciliations, transfers, collateral management, and pricing.

L&G Asset Management America is currently seeking a candidate to serve as a Derivative Operations Manager. The successful candidate will be responsible for overseeing the post-trade workflow of OTC and ETD products including pricing and collateral management. They will manage the oversight of State Street Alpha (outsourced provider) for all derivatives and collateral activities, and oversee strategic objectives and ensuring team member’s objectives are also aligned.

Responsible for the overall management of the team who has oversight of the following tasks:
- OTC and ETD trade booking and life-cycle management
- Daily reconciliations of cash and positions related to derivatives activity
- Daily collateral and margin moves for bilateral OTC, cleared OTC and ETD
- End of day blotters and client reports
- Assist with onboarding and fund setups
Provide sign-off for appropriate controls
Ensure documentation and other regulatory requirements are met with respect to GIPS standards, SOC1 and internal audit and regulatory requirements
Strive for excellence in people management, displaying an empathetic leadership style, leading by example
Manage the implementation of change in the team, challenge assumptions and adapt or generate imaginative and innovative ideas for improvements to policies and operational systems globally
Cross-train with global partners to enhance capabilities and coverage
Proactively look for opportunities to leverage technology to automate manual processes

Proven experience (10+ years) of derivative operations experience
Experience leading and mentoring a team
Charles Rivers CRIMS experience
Understanding of Equities, ETFs, and FX
Technical knowledge of derivative products including but not limited to Interest Rate Swaps (IRS), Credit Default Swaps (CDS), Options, Futures, Total Return Swaps (TRS), FX Forwards
High aptitude of collateral management principles ETD and Cleared/Uncleared OTC
Knowledge of pricing techniques for OTCs (including IRS, CDS, Options, TRS)
Experience using vendor platforms including Markitwire, DTCC, and Icelink
Familiarity with ISDA definitions
Excellent organizational and problem-solving skills
Knowledge of SQL and Power Automate is a plus

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)