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Director - Derivatives Operations

Date Posted: Nov 26, 2021

Location: Whippany, NJ, US, 7981

Company: MetLife

Role Value Proposition:

The Derivatives Valuations group is part of the Derivatives Middle Office that provides and oversees the valuations of the global derivatives book, covering exchange-traded, cleared and bilateral OTC derivatives. This position, Director of Valuations, manages a team of two others and has ownership of the primary derivatives valuations system and drives new product development in this space. This position will work across different groups (trade processing, collateral management, risk analytics) within Derivatives Middle Office and partner with Front Office, Risk, Derivative Accounting & Reporting, Portfolio Management Unit and Technology to drive the rollout of strategic priorities including regulatory, industry-driven and enterprise requirements. This role reports to VP, Derivatives Operations.

 

Key Responsibilities:  

  • Daily pricing and review of derivatives valuations for the enterprise, explanations of price movements. Analysis of breaks in valuations with counterparties.
  • Partner with the head of Derivatives Operations as well as Directors of Risk Analytics, Collateral Management, Trade Processing & MetLife Investment Management new product group to streamline and enhance derivatives platforms to support strategic and tactical initiatives.
  • Drive priorities and lead business ownership, identification and execution of key projects, collaborating with IT, external vendors such as analytics and market data providers, and other groups as necessary
  • Monthly and quarterly sign off on valuations, incorporating value adjustments and explanation of price moves and P&L attribution to market risk factors.
  • Interact with business leads and senior management to fully understand business initiatives and consequent reporting needs.
  • Define and implement specific derivatives processes, procedures and controls and perform data governance reviews.
  • Full people management responsibilities for the team.

 

Essential Business Experience and Technical Skills:

Required:

  • 10+ years of experience with derivatives operations. Strong knowledge of derivatives valuations and/or derivative reporting practices.
  •  Ability to integrate enterprise-wide derivative and finance knowledge into broader based strategies. Good understanding of industry issues and trends.
  • Strong understanding of project management techniques and ability to monitor progress against objectives.
  • Strong analytical and quantitative skills
  • Demonstrates the ability to work independently and as part of a team environment
  • Excellent interpersonal and oral communication skills

 

Preferred:

  • B.S. degree in Financial Engineering, Engineering/Physics, Operations Research, Finance, Mathematics, or a similar field; advanced degree or CFA highly desired
  • High level of proficiency in valuations platforms such as Murex & Blackrock Aladdin

 

Business Category

Investments

 

Number of Openings

1

 

#MIM

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.  

 

MetLife:

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 #: 120547