Middle Office Change Specialist - Derivatives

Posted Yesterday
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Headquarters, AZ
Mid level
Fintech
The Role
The Middle Office Change Specialist will manage and implement changes related to derivatives, oversee client onboarding processes, and handle relationships with brokers and service providers. This role requires attention to detail while managing multiple projects and coordinating with cross-functional teams.
Summary Generated by Built In

This role is part of the Global Operations team operating out of the US, UK and India. This role will be responsible for Derivative change and on-boarding as well as relationship management. This will include business change relating to new products, clients, counterparties, prime brokers and strategic initiatives.

Key Responsibilities
Manage the CSSC, NITAP and New Counterparty on-boarding processes and workflows to ensure accurate recording of product approvals and timely implementation. This includes maintaining the SharePoint workflows and databases, reporting and prioritization of projects.

Manage the client change and account onboarding processes. Work closely with the client change team to ensure new fund launches are completed in a timely manner. Understand overall onboarding processes and upstream/downstream impacts. Work with Derivative processing team to ensure smooth transition to BAU and to ensure accurate completion of system setup. 

Work on major product development projects and other strategic changes. This may include system enhancements, process improvements, new product implementations, regulatory change implementation and other business initiatives.

Manage departmental relationships with prime and clearing brokers and other vendors. Monitor service against SLAs, analyze trends, hold regular meetings to progress initiatives.

Provide backup coverage and bench strength to the North American Alternative Investment team. Learn daily processes for OTC derivatives, cleared derivatives, ETDs, payments and mortgage settlements.


Required Qualifications
Relevant industry and work experience in an Operations Department.
Previous leadership experience.
Strong interpersonal and communication skills, both oral and written, to deal effectively with internal business partners.
Attention to detail and deadline oriented.
Preferred Qualifications
Ability to manage multiple tasks 
Ability to work with team as well as collaborate with cross – functional teams
Knowledge of Investment tools - Aladdin, Bloomberg, SharePoint, Markit, etc.

About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Mutual Fund Operations

Line of Business

AMINV US Asset Management

Top Skills

Aladdin
Bloomberg
Markit
Sharepoint
The Company
Minneapolis, MN
16,649 Employees
On-site Workplace
Year Founded: 1894

What We Do

Ameriprise Financial has helped millions of clients feel confident about their financial futures for more than 125 years. Our network of approximately 10,000 financial advisors* delivers personalized financial advice to help clients reach their goals.

We believe that with the right advisor, the right advice, and the right firm, life can be brilliant.

Ameriprise has corporate locations throughout the U.S. and across the globe, and advisor offices in all 50 states.

Learn how you can build your career at Ameriprise Financial.

*Ameriprise Financial Q2 2020 Statistical Supplement

All content on this page is provided for informational purposes only and should not be used as the sole basis for investment decisions. Ameriprise Financial cannot guarantee future financial results. Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution, and involve investment risks including possible loss of the entire amount invested.

By clicking on a hyperlink, you may be directed to a non-Ameriprise website. Be aware that the linked site will be subject to rules, regulation, and privacy and security provisions that are separate, and may differ, from Ameriprise Financial.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC., a registered investment adviser.

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