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Derivatives Onboarding Specialist

2 weeks ago


Mississauga, Ontario, Canada Manulife Full time

The role of the Derivatives Onboarding Specialist is to report to the Manager of Derivatives Onboarding within the Global Derivatives Services team (GDS). The Derivatives Onboarding team supports the Manulife Asset Management and Life Insurance businesses globally by performing all setup steps vital for derivatives trading. This role will be accountable for the execution of best practices in onboarding and broker relationship management in support of the organization's exchange-traded, over-the-counter and centrally-cleared derivative requirements.

This individual will be dedicated, assertive, organized and highly professional. The incumbent will have a combination of derivatives industry experience, onboarding experience, relationship management skills, and practical business insight.

Responsibilities:

  1. Receive and assess derivatives trading requests from Relationship Management, Product Management and Portfolio Managers.
  2. Facilitate the derivatives trading approval process and ensure that there is a governance structure around the onboarding of new accounts trading derivatives.
  3. Maintain status dashboards of derivatives approval and onboarding requests.
  4. Support Traders' need for the best execution by setting up the full range of desired derivatives brokers.
  5. Oversee the derivatives trading related onboarding functions for new accounts and new brokers.
  6. Manage derivatives trading operational readiness within the Global Derivatives Services team including middle office, operations, and collateral management.
  7. Coordinate with Legal Services to ensure that proper legal agreements are put in place to support derivatives trading.
  8. Ensure that all account, broker onboarding and legal documentation is maintained.
  9. Maintain an accurate and complete matrix of accounts, authorized derivative products, derivatives legal agreements and active brokers.
  10. Contribute to the successful management of external broker relationships.
  11. Work with the Derivatives Solutions team to support the setup of technology to facilitate trading of new derivative product types.
  12. Take ownership of side projects to clean up records and validate broker setups.
  13. Contribute to the harmonization of the derivatives onboarding process with the Asia Derivatives Services team in Hong Kong.
  14. Continuously evaluate, identify and recommend practices and controls that will increase process efficiency and mitigate financial and operational risks.
  15. Resolve/answer ad-hoc internal and external inquiries.