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Analyst, Derivative Ops
2 weeks ago
Location
Brookfield Place - 181 Bay Street
Business - Wealth Solutions
Brookfield Wealth Solutions ("BWS"; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance
Brookfield Culture
Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.
Job Description
Position Summary:
Reporting to the Director of Derivatives Operations, the Derivative Analyst will be responsible for
supporting all aspects of middle office processes for derivative products within Brookfield Wealth
Solutions (BWS). The Derivative Analyst will collaborate closely with BWS's global derivatives team,
as well as with Finance, Legal, Compliance, Risk, and Technology groups to ensure accurate trade
support, lifecycle management, collateral and margin processes, and regulatory compliance. The
position will also involve active engagement with front office, counterparties, and external service
providers to resolve trade discrepancies, optimize processes, and maintain a robust control
environment.
Responsibilities
Trade Support & Lifecycle Management
- Oversee end-to-end middle office processes for all derivative products, including trade confirmation, settlement instruction, resolution of discrepancies, daily margin reconciliation, collateral management, and reporting.
- Ensure accurate and timely entry of trades into order and portfolio management systems.
- Liaise actively with front office, finance teams and counterparties to resolve trade discrepancies and enhance straight-through processing.
Valuations, P&L, and Reconciliations
- Lead daily, weekly, and monthly reconciliations across systems (internal books vs. brokers, custodians).
- Review and validate independent valuations, sensitivities, and financial statement reporting inputs.
- Investigate breaks in market values, cash flows, and collateral balances, ensuring fast resolution and root-cause remediation.
Collateral & Margin Management
- Manage variation and initial margin processes across bilateral and cleared derivatives.
- Ensure optimization of collateral usage while adhering to CSA terms, regulatory requirements (e.g., Uncleared Margin Rules), and insurer liquidity frameworks.
- Monitor margin disputes, collateral calls, haircuts, and eligibility schedules. Documentation, Onboarding & Counterparty Management
- Support the negotiation and maintenance of ISDA Master Agreements, CSAs, clearing documentation, and other trading agreements.
- Effectively communicate with counterparties for timely resolution of disputed trade details and/or cashflow amounts.
- Partner with legal, compliance, and risk teams to ensure documentation aligns with regulatory expectations and company risk appetite.
- Coordinate counterparty onboarding, KYC, and ongoing due diligence.
Risk, Controls & Regulatory Support
- Maintain a strong control environment, including adherence to SOX, model governance, investment policy, and derivative use policies.
- Ensure compliance with regulatory reporting such as Dodd-Frank, EMIR, and insurance- specific requirements (NAIC, OSFI, Solvency II as applicable).
- Develop and maintain procedural documentation, workflows, and internal SLAs.
- Technology, Data & Process Optimization
- Work closely with technology teams to enhance derivatives systems, data quality, reporting, and automation initiatives.
- Evaluate and implement process improvements to increase efficiency and reduce operational risk.
- Lead or support system migrations, vendor evaluations, and integration with trading platforms, clearing brokers, and custodians
Qualifications & Requirements:
- Bachelor's degree in finance, economics, mathematics, or a related field.
- 5 – 8 years of experience in derivatives middle office, trade support, or related investment operations roles within an insurance company, asset manager, bank, or hedge fund.
- Experience working with derivatives, including, but not limited, to currency swaps, interest rate swaps, equity options, FX forwards, spot FX, repurchase agreements, and knowledge of collateral settlement methods for the aforementioned instruments.
- Strong understanding of ISDA/CSA terms, lifecycle events, margining, and derivatives regulation.
- Proficiency with OMS/PMS platforms (e.g., Bloomberg, Aladdin, Numerix, Markit, TriOptima), data tools, and Excel.
- Excellent written and verbal skills with ability to effectively present information and respond to questions from multiple internal business areas as well as external counterparties.
- Strong analytical skills.
- Strong problem-solving skills with ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Ability to operate in a stressful, deadline driven environment while still maintaining a strict attention to detail and an ability to prioritize issues appropriately.
This position would be suitable for those candidates who meet the role qualifications and who
thrive in a performance-driven environment that emphasizes employee leadership and
accountability for delivering results.
During the recruitment process, we collect personal information required to assess your suitability
with respect to an employment opportunity.
We may pass this information on to one of our wholly owned subsidiaries or affiliated companies
in the process of exploring employment opportunities for you. As a result, you may be contacted
directly by one of these companies. We will not however, pass this information outside of our
"broader" organization without your prior consent unless legally required to do so. Specifically, we
will not contact any current or previous employers or other references without your prior
knowledge.
Please be aware that submission of your resume indicates consent with the above noted policy.
Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.
Brookfield is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act. Should you require a Human Rights Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.