Derivative Operations Lead Analyst

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

THE ROLE

Within Investment Operations, the centralized derivatives oversight and management team collaborates with the Investment team as and when derivative instruments are traded to ensure they are correctly setup, processed, valued, and reported within the MFS operational systems. This role is responsible for the valuation of derivative holdings, the processing/co-ordination of collateral management, and reporting of positions.

WHAT YOU WILL DO

• Perform the set-up and accuracy of derivative reference data as well as derivative instruments across all trading, investment, accounting, and risk systems.
• Monitor the daily valuations of derivative holdings to ensure proper valuation, providing necessary information for the collateral management process, accounting, and performance reporting.
• Co-ordinate the collateral/margin management process across the firm and book agreed collateral movements into MFS systems. This includes cleared and over the counter derivatives, repo and TBA’s.
• Assist in the design and implementation of collateral, margin management technology and operational processes.
• Review reconciliations of positions and market values with counterparties to agree/disagree margin calls. Coordinate with portfolio management, trading, and operations to resolve discrepancies. Understand sub portfolio margin.
• Provide daily review to trading & risk management of all derivative and counterparty positions & exposures.
• Engage, develop, and manage current derivative counterparty and FCM relationships.
• Work with MFS Operations, Compliance, and IT to implement new margin regulations as they arise.
• Cultivate external relationships with various market participants, staying current on best practices and trends, implementing & refining best practices and processes where necessary.
• Special projects as needed.

WHAT WE ARE LOOKING FOR

• Bachelor’s degree or equivalent experience
• A minimum of 5-6+ years financial services experience with 3-5 years’ experience with derivatives and cash/collateral/risk management
• A strong understanding of derivatives across rates, credit, equity, foreign exchange, commodities, repo & TBA’s required.
• Strong leadership, interpersonal, communication and organizational skills to work in a collaborative, team based, process driven environment.
• Entrepreneurial mindset, willing to identify and take on unstructured problems, identify viable solutions and execute.

#MBLI

#LI-HYBRID

At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.

What we offer:

• Generous time-off provided: including "Responsible time off" for many roles, paid company holidays when the US Stock Exchange is closed, plus paid volunteer time
• Family Focus: Up to 20 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, adoption assistance, generous caregiver leave
• Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with company contributions
• Wellness Programs: Robust wellness webinars, employee assistance program, gym reimbursement through our medical plans, fitness center discounts and more
• Life & Disability Benefits: Company-paid basic life insurance and short-term disability
• Financial Benefits: 401(k) savings plan, Defined Contribution plan- 15% of base salary invested into the Plan, competitive total compensation programs

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email talent_acquisition@mfs.com for assistance. 

MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the Know Your Rights: Workplace Discrimination is Illegal document and Pay Transparency Nondiscrimination Provision, linked for your reference.