What are the responsibilities and job description for the Associate - Derivatives - Middle Office position at MetLife?
Requirements
Description and Requirements
Role Value Proposition:
MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to individual and institutional customers. We’re united by our purpose to help our customers and each other create a confident future; we’re guided by empathy; and we’re inspired by each other to make a difference in the lives of our coworkers, customers, communities, and the world at large. At MetLife, it’s #AllTogetherPossible . Join us!
This position, Derivatives Associate, will join the settlements team in the Derivatives Middle Office. The team owns settlement projects, SOX, audit and derivative and collateral cash and security market settlements. The individual will have a high level of derivatives expertise and will work with external and internal stakeholders in a team environment to support MetLife’s derivative businesses as well as contribute to and lead company initiatives.
Key Responsibilities:
Required:
The salary range for applicants for this position is 87900 - 117200.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™ for 2024, as well as the 2024 Fortune 100 Best Companies to Work For ®, MetLife , through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
87900 - 117200
Description and Requirements
Role Value Proposition:
MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to individual and institutional customers. We’re united by our purpose to help our customers and each other create a confident future; we’re guided by empathy; and we’re inspired by each other to make a difference in the lives of our coworkers, customers, communities, and the world at large. At MetLife, it’s #AllTogetherPossible . Join us!
This position, Derivatives Associate, will join the settlements team in the Derivatives Middle Office. The team owns settlement projects, SOX, audit and derivative and collateral cash and security market settlements. The individual will have a high level of derivatives expertise and will work with external and internal stakeholders in a team environment to support MetLife’s derivative businesses as well as contribute to and lead company initiatives.
Key Responsibilities:
- Exhibits and is recognized for a high level of derivatives expertise gained through a series of professional assignments characterized by the assumption of progressively increasing responsibility and ongoing career development.
- Understands complex portfolio structures and experience in handling large number of bank accounts.
- Maintain relationships with external stakeholders – custodians, counterparties and vendors.
- Collaborate with cross functional teams which include trading, valuations, risk management, IT operations, finance, legal for project and to trouble-shoot day to day settlement discrepancies.
- Coordinate and perform basic to the more complex derivatives assignments or projects.
- Execute end-to-end derivative and collateral settlement process including confirming amounts with counterparties, entering settlement instructions in collateral and derivative systems, research dispensaries and initiating and releasing wires in the treasury system.
Required:
- 8 years relevant experience.
- In-depth knowledge of derivative investment products and working with multiple custodians.
- Treasury experience is desirable.
- Good problem-solving, control, project, and collaborative skills
- Strong interpersonal and communication skills
- Ability to work independently
- Adherence to high standards of business ethics, conduct, and behavior
- Knowledge of CALYPSO, Murex, Aladdin and treasury systems (Kyriba), Excel/VBA.
- Flexibility and the ability to adapt to change in a dynamic environment.
- Ability to perform under pressure within a team atmosphere to meet time-sensitive deadlines
- BA/BS Degree in Economics, Finance, Accounting, Business Management, or other related field of expertise
The salary range for applicants for this position is 87900 - 117200.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™ for 2024, as well as the 2024 Fortune 100 Best Companies to Work For ®, MetLife , through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
87900 - 117200
Salary : $87,900 - $117,200
