Investments Derivatives Lead Consultant
- Employer
- Allstate Insurance Company
- Location
- Northbrook, Illinois
- Salary
- Not Specified
- Closing date
- Jan 31, 2019
View more
- Category
- Financial Services
- Job Type
- Not Specified
- Career Level
- Not Specified
Job Details
Where good people build rewarding careers.
Think that working in the insurance field cant be exciting, rewarding and challenging? Think again. Youll help us reinvent protection and retirement to improve customers lives. Well help you make an impact with our training and mentoring offerings. Here, youll have the opportunity to expand and apply your skills in ways you never thought possible. And youll 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.
Job Description
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 Allstates 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
- Bachelors 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 thats 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, youll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.
Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.
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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It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.
Company
- Website
- https://www.allstate.com/
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