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Investments Derivatives Lead Cons
Allstate
Northbrook, IL, United States
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Where good people build rewarding careers.
Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.
The Investment Operations Derivative Middle Office team is responsible for accurate, timely, and efficient settlement of derivative trades executed by Allstate Investments. The team is also responsible for managing derivative positions throughout the lifecycle of each trade and ensuring that risk, valuation, and financial reporting requirements are met. The Investment Operations Derivative Middle Office Manager (“DMOM”) is responsible for daily oversight of derivative trade settlements which involves matching deal specific terms and conditions to broker statements and ensuring that all data has been entered into Allstate’s order management systems accurately.
Job Qualifications
• Confirm details specific to broker settlement, risk reporting, and accounting
• Manage daily collateral management and margin settlement
• Monitor derivative effectiveness process and work with the front office to manage exceptions
• Monitor portfolio for replication trades and complete NAIC RSAT filings
• Monitor the accuracy of Over the Counter derivative valuations and model inputs
• Primary point of contact for Performance, Risk, Finance & Planning and Financial Reporting
Supervisory Responsibilities:
This job does not have supervisory duties
Preferred Qualifications:
Education and Experience
• Bachelor’s Degree or equivalent experience
• 5 or more years of related experience
Certificates, Licenses, Registrations
• None
Functional Skills
• Advanced problem solving and decision-making skills
• Advanced knowledge of Investment Operations Control Functions
• Advanced knowledge of Investment Systems and Data Structures
• Advanced knowledge of Investment Compliance Functions
• Advanced skills in Microsoft Excel, Access, Outlook, Word, SAP or other general ledger applications and database querying tools
• General knowledge of benchmarks of Investment Industry best practices
• General knowledge of benchmarks of Investment Technology, Finance and Reporting best practices
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.
Good Work. Good Life. Good Hands®.
As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.
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Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
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