What are the responsibilities and job description for the Derivatives Analyst position at Pacific Life?
Job Description:
Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
We’re actively seeking a talented Derivatives Analyst to join our Derivative Operations Team in Newport Beach, CA . This role is hybrid . We believe in empowering our employees to get work done both in and out of the office.
As a Derivatives Analyst, you’ll play a key role in Pacific Life’s growth and long-term success by p roviding full operational day-to-day coverage to Traders and Portfolio Managers trading financial Derivatives on behalf of the firm and its entities. You will fill an existing role that sits on a team of 4 people in the Corporate division.
How you’ll help move us forward:
Review and validate the daily collateral management process with counterparties, Accounting, Treasury, and portfolio managers to ensure all collateral activity is settled accurately and timely.
Interact with colleagues, custodian banks, external parties, internal departments (Accounting, Audit, Treasury, Compliance, Law and Enterprise Risk Management) and other areas where necessary to ensure timely settlement of all cash flows associated with traded instruments.
Have some knowledge and understanding of common OTC traded and Exchange traded derivatives.
Review and resolve valuation discrepancies within the stated deadlines.
Work in a team environment as well as autonomously to meet deadlines and effectively manage multiple priorities with minimal supervision.
Use best practices and knowledge of internal or external business issues to improve products or services and meet regulations.
The experience you bring:
2 years experience working in investment operations/middle office role in asset management, derivatives, collateral, or investment banking
College degree in finance, accounting, or similar discipline, is preferred.
Baseline understanding of Investment Operations, new concepts and regulations and technology being used, including trading workflows and typical systems involved
Basic knowledge of Generally Accepted Accounting Principles (GAAP) and Statutory (STAT) relating to securities investments.
Detailed knowledge and experience of providing full operational support to trading and Portfolio Management across all Listed and OTC Derivative instruments.
With minimal supervision, must be able to work with internal and external counsel and/or senior investment professionals to resolve complex issues.
Must be able to demonstrate proficiency in performing all responsibilities by following documented processes and procedures, while exhibiting attention to detail and accuracy while showing initiative to help improve or redesign key processes.
Some research, problem solving, and resolution skills, including familiarity with legal documents and internal files related to securities owned.
What makes you stand out:
A working knowledge of collateral optimization, complex derivatives security types, including Bilateral OTC (IRS, Cross Currency, Equity TRS, CDS, Options, Forwards), Cleared and Exchange-traded products
Working knowledge of the following systems: Bloomberg, Calypso, MarkitWire, ePam, AcadiaSoft, and TriResolve.
CFA/CAIA/MBA beneficial, but not required.
You can be who you are.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
#LI-AJ1
#LI-hybrid
Base Pay Range:
The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$36.05 - $44.06
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
Paid Parental Leave as well as an Adoption Assistance Program
Competitive 401k savings plan with company match and an additional contribution regardless of participation
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
We’re actively seeking a talented Derivatives Analyst to join our Derivative Operations Team in Newport Beach, CA . This role is hybrid . We believe in empowering our employees to get work done both in and out of the office.
As a Derivatives Analyst, you’ll play a key role in Pacific Life’s growth and long-term success by p roviding full operational day-to-day coverage to Traders and Portfolio Managers trading financial Derivatives on behalf of the firm and its entities. You will fill an existing role that sits on a team of 4 people in the Corporate division.
How you’ll help move us forward:
Review and validate the daily collateral management process with counterparties, Accounting, Treasury, and portfolio managers to ensure all collateral activity is settled accurately and timely.
Interact with colleagues, custodian banks, external parties, internal departments (Accounting, Audit, Treasury, Compliance, Law and Enterprise Risk Management) and other areas where necessary to ensure timely settlement of all cash flows associated with traded instruments.
Have some knowledge and understanding of common OTC traded and Exchange traded derivatives.
Review and resolve valuation discrepancies within the stated deadlines.
Work in a team environment as well as autonomously to meet deadlines and effectively manage multiple priorities with minimal supervision.
Use best practices and knowledge of internal or external business issues to improve products or services and meet regulations.
The experience you bring:
2 years experience working in investment operations/middle office role in asset management, derivatives, collateral, or investment banking
College degree in finance, accounting, or similar discipline, is preferred.
Baseline understanding of Investment Operations, new concepts and regulations and technology being used, including trading workflows and typical systems involved
Basic knowledge of Generally Accepted Accounting Principles (GAAP) and Statutory (STAT) relating to securities investments.
Detailed knowledge and experience of providing full operational support to trading and Portfolio Management across all Listed and OTC Derivative instruments.
With minimal supervision, must be able to work with internal and external counsel and/or senior investment professionals to resolve complex issues.
Must be able to demonstrate proficiency in performing all responsibilities by following documented processes and procedures, while exhibiting attention to detail and accuracy while showing initiative to help improve or redesign key processes.
Some research, problem solving, and resolution skills, including familiarity with legal documents and internal files related to securities owned.
What makes you stand out:
A working knowledge of collateral optimization, complex derivatives security types, including Bilateral OTC (IRS, Cross Currency, Equity TRS, CDS, Options, Forwards), Cleared and Exchange-traded products
Working knowledge of the following systems: Bloomberg, Calypso, MarkitWire, ePam, AcadiaSoft, and TriResolve.
CFA/CAIA/MBA beneficial, but not required.
You can be who you are.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
#LI-AJ1
#LI-hybrid
Base Pay Range:
The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$36.05 - $44.06
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
Paid Parental Leave as well as an Adoption Assistance Program
Competitive 401k savings plan with company match and an additional contribution regardless of participation
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
Salary : $36 - $44
