Whippany, NJ, 07981, USA
4 days ago
Associate - Derivatives
Role Value Proposition: MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to individual and institutional customers. We’re united by our purpose to help our customers and each other create a confident future; we’re guided by empathy; and we’re inspired by each other to make a difference in the lives of our coworkers, customers, communities, and the world at large. At MetLife, it’s [1] #AllTogetherPossible. Join us! An excellent opportunity exists to join the Derivatives Middle Office team within MetLife Insurance Investments (MII). The Associate will play an integral part within the Collateral Management Group (CMG). The team manages collateral processes for our Bilateral OTC derivatives, Exchanged Traded derivatives, Federal Home Loan Bank, MSFTA, and UK RE programs. They will work within a team environment to support a new and growing reinsurance business focusing on collateral and derivatives reporting and help build out and enhance our reinsurance collateral workflow for existing and new deals. The position will engage directly with RIS, trading, valuations, risk management, IT, operations, and finance. Responsibilities, given below, are well integrated within a strong team culture. Key Responsibilities: * Manage the collateral process for all client accounts trading in derivatives related to our reinsurance business. * Manage the collateral process for all MetLife accounts trading in FX, Swaps, and Exchange traded products. * Participate and represent CMG in meetings related to existing and new reinsurance deals. * Liaise with custody to ensure daily collateral, security, and trade payments are settled on time. * Reconciliation of CSA reinvestment cash balances and monthly interest payments. * Prepare and review daily, weekly, and quarterly reports for Senior Management. * Contribute to analysis, development, testing, and integration of new applications and enhancements. * Ability to liaise with RIS, Trading, Middle Office, Legal, IT, PMU, Audit, and Back Office. * Look for new ways to automate and increase efficiency within the current workflow. Essential Business Experience and Technical Skills: Required: * 6+ years of investments experience within a financial services firm supporting fixed income or derivatives * 3+ years of collateral management, settlements, or reinsurance/modco experience * Good understanding of how reinsurance and modified coinsurance deals work as it relates to derivatives and collateral * Strong analytical, problem solving, and collaborative skills * Advanced Excel Skills - (Pivots, macros, vlookup, graphs) * Excellent interpersonal and communication skills * Ability to meet daily deliverables in a high stress environment * Professional, self-motivated, and self-aware Preferred: * Prior experience with collateral rehypothecation a plus * Knowledge of Murex, Calypso, Acadia, TriResolve, or Bloomberg a plus * B.S. Degree in Economics, Finance, Accounting, Business Management, or other related field of expertise At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers. References Visible links 1. http://;/ Equal Employment Opportunity/Disability/Veterans If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process. MetLife maintains a drug-free workplace.
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