Settlements And Collateral Analyst

Company Profile

Founded in 1977, GMO is a global investment manager committed to delivering superior long-term investment performance and advice to our clients. We offer strategies and solutions where we believe we are positioned to add the greatest value for our investors. These include multi-asset class, equity, fixed income, and alternative offerings.   We manage approximately $65bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. Industry-wide, we are well known for our focus on valuation-based investing, willingness to take bold positions when conditions warrant, and candid and academically rigorous thought leadership. Jeremy Grantham, GMO’s Co-Founder and Long-Term Investment Strategist, is renowned as an expert in identifying speculative investment bubbles and also as a leading climate investor and advocate.   GMO is privately owned and employs over 430 people worldwide. Headquartered in Boston, GMO also maintains offices in Amsterdam, London, Singapore, and Sydney, as well as a U.S. West Coast Hub comprised of professionals located in and around the Greater San Francisco area and a Representative Office in Tokyo. Our company-wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, while embracing and valuing what each of us brings to work, as we know that diverse teams in an inclusive, caring environment achieve higher engagement and better client results.

POSITION OVERVIEW

The Derivatives Support Analyst role sits within the Trade Operations group and is focused on derivative operations functions. Primary responsibility will be to maintain high service levels while improving and strengthening our operational infrastructure. The position will provide the successful candidate with the opportunity to learn about all stages of the investment process, from idea generation and trade building to implementation and trading.

The Derivatives Support Analyst will be responsible for the reconciliation and processing of collateral for cleared and bilateral derivatives.  Taking a proactive approach in the identification and resolution of all exceptions is key to success. The analyst will liaise between brokers, custodians, and internal stakeholders to quickly action all discrepancies. The team handles the maintenance of ISDA/CSA information in our collateral management system, daily reconciliation of collateral balances at our counterparties and custodians, and the instruction of daily collateral movements. The team also manages the review and signing of all OTC Derivative trades executed by GMO.  This position offers exposure to GMO’s various investment, operational, and technology groups, and an opportunity to enhance individual analytical & technical skills.

PRIMARY DUTIES AND RESPONSIBILITIES

• Ensure the timely and accurate processing of all collateral movements between GMO’s custodian banks and counterparties
• Verify and instruct all OTC, future, and repurchase agreement collateral movements
• Reconcile collateral balances to both counterparties and custodians on a periodic basis
• Identify and resolve all discrepancies/disputes in a timely manner
• Ensure timely receipt, detailed review, signoff, and storage of all OTC derivative confirms
• Assist on ad hoc projects

DESIRED SKILLS AND EXPERIENCE

• The successful candidate will have 0-5 years of industry experience directly supporting the derivative trade life cycle.
• Strong analytical skills - the Derivatives Support Analyst must have the ability to work with complex instruments and explain and/or resolve exceptions.
• Strong work ethic and attention to detail—the day-to-day responsibilities will require focus and dedication to problem solving. Ownership is the key. Issues must be actioned in a timely manner and seen through to resolution.
• Excellent communication skills. Demonstrated ability to effectively communicate with multiple internal and external counterparts to resolve operational issues (for example, direct communication with GMO Compliance, GMO Trading, and external brokers).
• Demonstrated ability to multi-task and prioritize between multiple deadlines.
• Ability to work under pressure and independently.
• Bachelor’s degree required.
• Knowledge of Aladdin and TradeServ is not required, but preferred.