What are the responsibilities and job description for the Derivatives Associate - 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!
An excellent opportunity exists to join the Derivatives Middle Office team (DMO) within MetLife Insurance Investments (MII). The Associate will play an integral part within the Derivatives Trade Processing team associated with our Bilateral OTC and Exchanged Traded derivatives. They will work within a team environment to support a new and growing reinsurance business focusing on trade processing and derivatives reporting and help build out and enhance our reinsurance trade processing workflow for existing and new deals. The position will engage directly with trading, valuations, risk management, IT, operations, and finance. Responsibilities, given below, are well integrated within a strong team culture.
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!
An excellent opportunity exists to join the Derivatives Middle Office team (DMO) within MetLife Insurance Investments (MII). The Associate will play an integral part within the Derivatives Trade Processing team associated with our Bilateral OTC and Exchanged Traded derivatives. They will work within a team environment to support a new and growing reinsurance business focusing on trade processing and derivatives reporting and help build out and enhance our reinsurance trade processing workflow for existing and new deals. The position will engage directly with trading, valuations, risk management, IT, operations, and finance. Responsibilities, given below, are well integrated within a strong team culture.
Key Responsibilities:
- Serve as a lead in projects that require subject matter expertise related to trade operations and reporting in the derivatives ecosystem
- Participate and lead calls and in person meetings related to existing and new reinsurance deals
- Contribute to analysis, development, testing, and integration of new applications and enhancements
- Ability to liaise with Trading, Middle Office, Legal, Technology, Portfolio Management, Audit, and Back Office
- Look for new ways to automate and increase efficiency within the current workflow
- Maintain in-house system for allocation and linking of derivatives to respective assets, liabilities, or Variable Annuity hedging programs. Monitoring the legal hedge effectiveness requirements across the portfolios for compliance
- Work with the portfolio management unit and back office to complete internal asset transfers by identifying, unlinking, and replacing assets being moved in the transfer
- Liaise with external teams such as vendors and derivative counterparties
Required:
- 6 years of investments operations experience supporting Credit, Equity, Foreign Exchange, Interest rate derivatives within a financial services firm
- 3 years of trade processing, settlement, or reinsurance/modco experience
- Trade processing experience in CDS, RCDS, FXS, IRS, FX forwards, futures and options
- Good understanding of how reinsurance and modified coinsurance deals work as it relates to derivatives and collateral
- Strong analytical, problem solving, and collaborative skills
- Advanced technical Skills – (VBA Excel macros, SQL, Data management and charting functions in excel)
- Excellent interpersonal and communication skills
- Ability to understand technology solutions and work independently
- BA/BS Degree in Economics, Finance, Accounting, Business Management, or other related field of expertise
- Knowledge of Murex, Aladdin, DTCC, TriResolve and Bloomberg a plus
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
