Legal & General

Derivative Operations Manager, L&G - Asset Management, America

Legal & General  •  Chicago, IL (Onsite)  •  3 hours ago
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Job Description

L&G's Asset Management business is a major investor across public and private markets worldwide, with $1.533 trillion in AUM.* Our clients include individual savers, pension scheme members and global institutions, who invest alongside L&G’s own balance sheet.

Our ambition is to be a leading global investor, innovating to solve complex challenges for our clients using the power of L&G. This is rooted in our investment philosophy and processes, which are focused on creating value over the long term.

We believe that incorporating financially material sustainability criteria, when relevant to our clients, can generate value and drive positive change.

Investment Operations oversees all post-trading activities including settlements, reconciliations, transfers, collateral management, and pricing.

L&G Asset Management America is currently seeking a candidate to serve as a Derivative Operations Manager. The successful candidate will be responsible for overseeing the post-trade workflow of OTC and ETD products including pricing and collateral management. They will manage the oversight of State Street Alpha (outsourced provider) for all derivatives and collateral activities, and oversee strategic objectives and ensuring team member’s objectives are also aligned.

  • Responsible for the overall management of the team who has oversight of the following tasks:
    • OTC and ETD trade booking and life-cycle management
    • Daily reconciliations of cash and positions related to derivatives activity
    • Daily collateral and margin moves for bilateral OTC, cleared OTC and ETD
    • End of day blotters and client reports
    • Assist with onboarding and fund setups
  • Provide sign-off for appropriate controls
  • Ensure documentation and other regulatory requirements are met with respect to GIPS standards, SOC1 and internal audit and regulatory requirements
  • Strive for excellence in people management, displaying an empathetic leadership style, leading by example
  • Manage the implementation of change in the team, challenge assumptions and adapt or generate imaginative and innovative ideas for improvements to policies and operational systems globally
  • Cross-train with global partners to enhance capabilities and coverage
  • Proactively look for opportunities to leverage technology to automate manual processes

Qualifications

  • Proven experience (10+ years) of derivative operations experience
  • Experience leading and mentoring a team
  • Charles Rivers CRIMS experience
  • Understanding of Equities, ETFs, and FX
  • Technical knowledge of derivative products including but not limited to Interest Rate Swaps (IRS), Credit Default Swaps (CDS), Options, Futures, Total Return Swaps (TRS), FX Forwards
  • High aptitude of collateral management principles ETD and Cleared/Uncleared OTC
  • Knowledge of pricing techniques for OTCs (including IRS, CDS, Options, TRS)
  • Experience using vendor platforms including Markitwire, DTCC, and Icelink
  • Familiarity with ISDA definitions
  • Excellent organizational and problem-solving skills
  • Knowledge of SQL and Power Automate is a plus

Additional Information

The starting salary offer will vary based on multiple factors, including but not limited to the applicant’s education, job-related experience, skills, and abilities, geographic location, and market factors. This position is also eligible to participate in the company’s annual discretionary bonus plan. Full time employees may be eligible for health insurance with an optional HSA, short term disability, long term disability, dental insurance, vision care, life insurance, Healthcare, Dependent and Limited Care Flexible Spending Accounts, 401K, vacation, sick time, an employee assistance program, and commuter and transit programs. Additional voluntary programs include: supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance.

EOE Statement

As an EOE employer, L&G Asset Management, America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing non-discrimination in employment. (2025)

Legal & General

About Legal & General

Legal & General is a leading UK financial services group and major global investor.

Our three divisions enable us to carefully invest capital over the long term in a responsible way that delivers returns to shareholders while doing good. Along with growing our pension risk transfer business, our strategy focuses on asset management as the cornerstone of our business, including by opening up private markets to more of our clients. Meanwhile, our retail business is focused on building lifelong relationships with customers as they save for retirement and protect themselves and their families.

What unites all three parts of our business is summed up in our purpose statement which sets out what we do, why we do it, and our belief in the power of capital. It builds on what’s inspired us since our beginnings in 1836, and challenges us to do more, with greater urgency, in more places, for more people and in more ways, for the long term.

Industry
Finance & Insurance
Company Size
5,001-10,000 employees
Headquarters
London, GB
Year Founded
Unknown
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