What are the responsibilities and job description for the Senior Derivative Operations Specialist position at RGA Reinsurance Company?

You desire impactful work.

You're RGA ready

RGA is a purpose-driven organization working to solve today's challenges through innovation and collaboration. A Fortune 500 Company and listed among its World's Most Admired Companies, we're the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

Support the management of a team of derivative specialists responsible for the daily settlement and payment process and resolve complex issues as they are addressed to the group. Enhance the current processes and develop new processes to improve the team's overall efficiency.

Manage the daily processes and resolve complex issues as they are addressed to the group

Enhance or develop new processes to improve the group's overall efficiency
Proven ability to work closely with IT developers including the writing of technical spec documents
Support manager on cost benefit analysis of large scale initiatives
Support manager with the anticipation and development of the future projects of the team which adhere to the departments needs
Support manager with new derivative usage (new trade types, reinsurance agreement support)
Develop the group's policies and procedures
Develop and oversee the training of the individuals within the specific functions
Support manager with onboarding new derivative counterparties
Support manager with relationship management with derivative counterparties

Oversee the following daily functions to be performed primarily by the team and to act as a backup as needed

Daily collateral management and reporting

Trade capture of all derivative trades

Derivative Reporting

Derivative Pricing

Confirmation Management

Reconciliations with dealers and accounting system

Interest payment monitoring

Regulatory Compliance Management

ISDA / CSA management

Support the management of SOX and internal controls

Required :

Bachelor's degree in Business, Business Administration, Accounting, Finance, Math, Computer Science, or equivalent working experience

10 years related work experience related industry experience dealing with securities / derivative operations processes including :

o 8 years' experience in banking relationships

o 8 years' experience working with external asset management

o 5 years supervisory / management experience

o If Derivatives Ops : 5 years of global derivative processing

Preferred :

Reinsurance or insurance industry knowledge

Skills and Abilities

Required :

Strong demonstrated usage of SQL and Python (or equivalent)

Good at problem recognition and self starting to resolve the issue and propose necessary improvements to the process

Ability to multi-task and effectively manage multiple tasks and projects, including the ability to re-prioritize tasks constantly based on the level of activity generated by the team and other associates.

Highly advanced people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility

Highly advanced ability to liaise with individuals across a wide variety of operational, functional and technical disciplines

Highly advanced ability to translate business needs and problems into viable / accepted solutions

Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions

Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and managed associates

Highly advanced investigative, analytical and problem solving skills

Advanced skills in customer relationship management and change management

Ability to resolve conflict and foster teamwork

Advanced persuasion and negotiation skills when working with internal / external customers

Advanced Word and Excel

Advanced knowledge of broad investments business practices

Very good ability to balance detail with departmental goals / objectives

Advanced knowledge of derivative processing

Advanced knowledge of ISDA documentation

Intermediate knowledge of Dodd Frank regulations

Extensive knowledge of databases and prototyping automated data solutions

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What you can expect from RGA :

Gain valuable knowledge from and experience with diverse, caring colleagues around the world.

Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.

Join the bright and creative minds of RGA, and experience vast, endless career potential.

Compensation Range :

123,500.00 - $184,050.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.

Salary : $123,500 - $184,050

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Senior Derivative Operations Specialist

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