Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Sr. Derivative Analyst to join our Derivative Operations Team in Newport Beach, CA. This role can be on-site, partially remote, or full remote.
As a Sr Derivative Analyst, you’ll play a key role in Pacific Life’s growth and long-term success by p roviding full operational day to day coverage to Traders and Portfolio Managers trading financial Derivatives on behalf of the firm and its entities. You will fill an existing role that sits on a team of 4 people in the Corporate division.
How you will make an impact:
Interact with colleagues, custodian banks, external parties, internal departments (Accounting, Audit, Treasury, Compliance, Law and Enterprise Risk Management) and other areas where necessary to ensure timely settlement of all cash flows associated with traded instruments.
Have full knowledge and understanding of all common OTC traded and Exchange traded derivatives including execution, clearing and associated settlement.
Review and resolve all valuation discrepancies within the stated deadlines.
Review and validate the daily collateral management process with counterparties, Risk, Accounting, Treasury, and portfolio managers to ensure all collateral activity is settled accurately and timely.
Develop full working knowledge of rules and regulations surrounding the Dodd/Frank Act requiring us to centrally clear certain types of derivatives.
Work in a team environment as well as autonomously to meet strict deadlines and effectively manage multiple priorities with minimal supervision.
Use best practices and knowledge of internal or external business issues to improve products or services.
The experience you will bring:
5+ years derivatives experience working in investment operations/middle office role in asset management, Hedge Fund, or investment banking
College degree in finance, accounting, or similar discipline, is preferred.
Thorough understanding of Investment Operations, new concepts and regulations and technology being used, including trading workflows and typical systems involved
Basic knowledge of Generally Accepted Accounting Principles (GAAP) and Statutory (STAT) relating to securities investments.
CFA/CAIA/MBA beneficial, but not required.
Detailed knowledge and experience of providing full operational support to trading and Portfolio Management across all Listed and OTC Derivative instruments.
With minimal supervision, must be able to work with internal and external counsel and/or senior investment professionals to resolve complex issues.
Must be able to demonstrate proficiency in performing all responsibilities by following documented processes and procedures, while exhibiting attention to detail and accuracy while showing initiative to help improve or redesign key processes.
Advanced research, problem solving, and resolution skills, including familiarity with legal documents and internal files related to securities owned.
What will make you stand out:
Thorough working knowledge of complex security types, including Bilateral OTC (IRS, Cross Currency, Equity TRS, CDS, Options), Cleared and Exchange-traded products
Working knowledge of the following systems: Bloomberg, Calypso, MarkitWire, Maximis, and TriResolve.
More reasons to join:
At Pacific Life, the work we do matters. We work passionately each day to drive our company forward while enjoying job security, flexible scheduling, and great opportunities for career growth.
If you’re seeking a thriving career doing the type of meaningful work that’s all too rare at a Fortune 500 Company, Pacific Life is the place for you. If you are a self-starter who appreciates creativity and individuality in your colleagues – even better. We look forward to receiving your application.
You belong at Pacific Life
At Pacific Life we believe you belong. We foster a culture of belonging, a space where all employees are empowered to be authentic. We embrace and celebrate diversity, create a culture of equity and inclusion, and value and respect every employee.
In 2020, we demonstrated agility and swiftly shifted to a working-from-home environment with little to no disruption. Going forward, we will move toward a hybrid, digital-first workplace that encompasses flexible work policies, inclusive space design, and innovative technology solutions. At Pacific Life, we are pioneering a trail and challenging the status quo to build the next normal.
Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife. #LI-AJ1
How We Help You Succeed:
We’re fostering a culture of shared values across our company by providing generous compensation and comprehensive benefits that allow our employees to find fulfillment and security in personal life and career alike. These include:
Competitive Salary and Benefits
Work-Life Balance & Flexible Scheduling
Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees
Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid)
Generous PTO and holiday pay
Warm Colleagues & Inspiring Culture
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.