At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Title: Associate/Senior-Associate, Derivatives, FX, and Collateral Management
Business Unit: Middle Office
Location: Charlotte, NC
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.
Job Summary
As a key member of Barings Operations, you will be responsible for the delivery of US operational services relating to Derivatives, FX, and Collateral Management processes, reporting to Manager of Derivatives, FX, and Collateral based in US.
You will work closely with both internal partners (trading, portfolio management, compliance, counterparty management etc.) and relevant external parties (counterparties, custodians, clearing institutions).
You will join the team of dedicated professionals responsible for performing all aspects of Derivatives & FX post execution processing and Collateral
Management activities.
You will demonstrate credibility with a proven competency and knowledge of the operational and trading activities, as well as drive efficiency and accuracy to reduce risk in our processes.
Primary Responsibilities
The responsibilities of the role include, but are not limited to:
- Focus on accurate and timely transaction processing of Derivatives, FX, and Collateral Management, ensuring tasks are prioritized accordingly to meet processing deadlines. Primary focus will be on Derivatives and FX processing and future exposure to the Collateral Management functions.
- Review the setup of OTC Derivative assets, perform electronic and payment confirmations, coordinate upcoming periodic interest payments, and ensure accurate and timely settlement of premiums
- Monitor FX confirmation matching, CLS unmatched reports, and coordinate upcoming FX netting payments
- Coordinate margin calls and manage the dispute process with each respective counterparty
- Book agreed collateral movements, provide proactive communication with custodian banks and support collateral settlement process
- Take responsibility and provide proactive communication while troubleshooting and resolving issues related to Derivative and FX trade capture & settlements, and Collateral Management
- Develop strong client relationships and partner with front office and IT to realize the full potential of operational workflows
- Actively ensure upward and downward communication of developments and issues
- Identify risk issues and use good judgement in communicating issues to management attention and escalating matters when warranted
- Act as a subject matter expert on firm’s operational workflows and processes for derivatives, FX, and collateral, including liaison with the Manager of Derivatives, FX, and Collateral in relation to any enhancements to Aladdin to support new business initiatives.
- Assist Manager of Derivatives, FX, and Collateral with any Regulatory Change projects impacting Derivatives e.g. UMR, LIBOR transition.
Qualifications
- 5+ years’ experience in financial services
- Recent and relevant experience in Derivatives and/or FX Operations
- Strong knowledge of Derivatives products and FX settlements
- Bachelor’s degree in Accounting, Economics, Finance or related field Preferred
- Full understanding of different types of products and processing requirements for bilateral and cleared swaps, cross currency swaps, zero coupon swaps, CDS/X, swaptions, TRS, caps/floors, FX, futures and options.
- Understanding of the lifecycle of the trade from execution to settlement, as well as collateral management process leveraging industry platforms e.g. Acadiasoft, TriResolve.
- Solid understanding of operational risks and controls
- Knowledge of connectivity protocols is a plus e.g. SWIFT
- Knowledge of Order Management Systems, in particular Aladdin experience is a plus
- Analytical ability to evaluate the root causes of the problems and aptitude to understand complex workflows and manage till resolution to reduce overall firm risk
- Able to manage heavy workload, understand urgency, manage and resolve exceptions, multitask and prioritize to meet deadlines
- Strong teamwork ethic whilst also having the ability to function without explicit direction, challenge yourself to learn new things and continually improve
- Effective communication skills, both written and verbal
#LI-JS1
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELLNESS
- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
FINANCIAL WELL-BEING
- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
LIFE INSURANCE
- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
OTHER BENEFITS
- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program
