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Manager, Derivative Operations

Date Posted: Jan 13, 2022

Location: HK

Company: MetLife

Position Title: Manager, Derivative Operation

Department: Investments


Key Relationships:

Reports to: Head of Middle Office, Asia Direct Reports: NA


Other Key Stakeholder: Trading, Valuations, Risk Management, IT, Operations and Finance team.


Key Responsibilities:

  • Process clearing & settlement activity for derivatives trades executed in US & Japan on behalf of Japanese, Korean and Hong Kong portfolios. Products include:
    • FX forwards                        ·    FX futures
    • Interest rate swaps             ·    Cross currency swaps
    • FX options                           ·    Swaptions
    • CDS/CDX                            ·    Securities Lending
    • Listed Futures


  • Process principal and interest payments, resolving issues arising from counterparty disputes.
  • Review, execute, and oversee daily margin activity for bilateral OTC, cleared OTC, Exchanged Traded Derivatives and Repo / Reverse Repos.
  • Analyze, evaluate, and resolve collateral disputes.
  • Monitor and reconcile cash and securities collateral positions.
  • Perform daily portfolio reconciliations with brokers / dealers.
  • Create and maintain issuer/portfolio/security data within MetLife platforms.
  • Perform oversight of the below Middle Office process.
    • Confirmations (Fixed Income)  ·     Settlements (Fixed Income)
    • Corporate Actions                     ·     Reconciliations
    • Pricing                                
  • Contribute to expanding capabilities to support growing international business and regional projects.
  • Liaise with front office teams, back-office teams, portfolio management, risk management and IT across all products for the region.
  • Cross-trained to be back up to both derivative and security operations processes within the region.
  • Provide rotating coverage to support key functions during Hong Kong holidays.


Candidate Qualficiations:

  • B.S. Degree in Economics, Finance, Accounting, Mathematics, Business Management, or similar field
  • 5+ years of investments experience within a financial services firm
  • 3+ years of investments operations experience supporting derivatives or security operations.
  • Intermediate Excel Skills – (Pivots, Macros, V lookup, Graphs)
  • Strong quantitative, organizational, and planning skills.
  • Ability to work independently and in a team-oriented environment.
  • Dedicated, self-motivated, highly eager and interested in developing others.
  • Excellent interpersonal and communication skills. 
  • Knowledge of Calypso, Murex, Aladdin, Tri-Resolve, Bloomberg, FX Connect, DRMS, GTSS, DTCC, MarkIt Wire, and Acadia Soft is a plus
  • Ability to understand technology solutions
  • Written and spoken fluency in English required
  • Japanese or Korean capabilities is a plus



MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.


We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies." 


MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.



We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.



MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.



MetLife maintains a drug-free workplace.



Requisition #: 122690