HOW TO APPLY
Please send resume to: Careers@Payden.com
Reference: DOALA0225-AHA
Subject: (Your Name, Position Title, and Reference)
COMPANY OVERVIEW
Payden & Rygel is one of the largest independently owned global investment management firms. We offer a full array of investment strategies and products, including fixed income, equity, and balanced portfolios as well as open-end mutual funds and offshore funds, to a varied client base around the world. While we have grown and expanded considerably since our inception in 1983, we remain committed to our mission of providing customized investment management solutions that focus on each client's specific needs and objectives.
JOB DESCRIPTION
The Derivative Operations Specialist a member of the derivatives operations team broadly and assists in general operations matters with a focus on collateral/margin activities related to derivative products such as swaps, FX forwards, futures and options. Ideal candidate thrives in a fast-paced environment, is self-motivated, works collaboratively with others and has an appreciation of risk processes. Success in this role requires strong attention to detail and ability to prioritize effectively.
JOB RESPONSIBLITIES
- Complete daily Initial Margin and Variation Margin activities related to ISDA collateral, exchange-traded derivatives and OTC cleared derivatives. This includes issuing calls, responding to calls, validating calls by evaluating trade exposures and market movements, reviewing posted collateral and margin holdings, coordinating with strategists and traders globally to ensure cash and securities collateral, instructing cash and security movements to custodians
- Investigate breaks and work towards resolving discrepancies in a timely manner
- Daily reconciliation of collateral positions, transactions, and cash with custodian banks and brokers. Daily regulatory portfolio reconciliation and data validation for derivatives regulatory reporting.
- Work on ad-hoc projects, retrieve custody reports, assist in analyzing CSDR penalty reports, respond to incoming inquiries, active role in onboarding derivatives trading and other operations related tasks
- Effective coordination and communication with derivatives operations team members in the Los Angeles and London offices
QUALIFICATIONS
- Strong communication skills necessary, verbal and written
- Finance or asset management experience preferred
- Candidate must understand the details and mechanics of futures, FX forwards, and swaps (including couple cycles, coupon calculations, and credit event calculations)
- Ideal candidate has experience with Bloomberg, triOptima, and/or excel
EDUCATION
- Undergraduate degree, preferably in finance
We offer competitive compensation comprised of salary, discretionary bonus, and 401k/profit-sharing based on level of experience and skills brought to bear as well as full range of benefits including medical, dental, vision, and life insurance.
Our employees work together in our Boston office, benefiting from our collaborative, team-oriented culture that has been the foundation of our success. We have always been a firm that has awarded flexibility to our employees.
EQUAL EMPLOYMENT OPPORTUNITY
Payden & Rygel is an equal opportunity employer, which means we comply with all federal, state, and local laws that prohibit discrimination when making all decisions about employment. Payden does not make employment decisions on the basis of race, color, ethnicity, national origin, ancestry, citizenship, religion, creed, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances.
