MassMutual
We help people secure their future and protect the ones they love.
Boston, MA
Hybrid

Collateral Analyst

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The Opportunity

 

As a member of the Derivatives, Collateral and Securities Pricing team the Collateral Analyst will work with multiple Corporate Units, Lines of Business (LOBs), Investment Managers, and subsidiaries to provide analysis and complex processing of various derivative and collateral transactions related to MassMutual and its portfolio.?The analyst will support daily operations production, including multiple facets of collateral. The individual will also apply finance, investment knowledge and other technical skills to assist in implementation of Derivative Ecosystem Transformation (DET) project.

 

The Team

The analyst will report to the Head of Derivatives, Collateral and Securities Pricing a part of MassMutual Investment Operations Team within the Investment Management Division. The team is responsible for the investment pricing and the derivative middle office, including trade processing, cash settlements, collateral management and data management related to the MassMutual's General Investment Account (GIA). The team is diligently working on a multi-year project related to the transformation of MassMutual's Derivatives and Collateral Platform ?DET?. The effort entails the implementation of one stop shopping for Derivatives, including a front, middle and back office solution.

 

The Impact:

  • Manage derivative and collateral operational aspects of moderate to complex transactions and new mandates.
  • Oversight of various collateral types
  • Analysis for payment discrepancy review and resolution
  • Assist in managing moderate to complex cash management position of derivative products and collateral
  • Assist in implementation of new regulations related to Collateral Management
  • Ability to work with counterparties to analyze, understand issues and assist in issue resolution
  • Drives continuous improvement and efficiencies?
  • Anticipates change, looks for trends and directs or redirects efforts
  • Collaborate with external auditors to provide support

 

The Minimum Qualifications

  • At least 1 year of investment operations experience with an understanding of investment systems
  • Bachelor's Degree
  • Understanding of the Investment Management process and the related data flows
  • Understanding of asset classes and how investment information for such asset classes is used
  • Strong collaboration skills and the ability to work in a team-based environment
  • Excellent communication skills with ability to address and resolve conflicts diplomatically

 

The Ideal Qualifications

  • Experience with a wide range of investments systems that support operations i.e. Calypso, Murex, Eagle Star/PACE
  • Experience with reconciliation tools i.e. TriOptima/Acadiasoft
  • SWIFT experience a plus

 

What to Expect as Part of MassMutual and the Team

 

????????Regular meetings with the Derivatives, Collateral and Securities Pricing Team

????????Focused one-on-one meetings with your manager

????????Access to mentorship opportunities?

????????Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups

????????Access to learning content on Degreed and other informational platforms

????????Your ethics and integrity will be valued by a company with a strong and stable ethical nosiness with industry leading pay and benefits

 

About MassMutual

 

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

Recognized as a 2019 World's Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: ?We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure ? it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with?Disability/Protected Veteran.?We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.?

 

 

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    What are MassMutual Perks + Benefits

    MassMutual Benefits Overview

    At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
    array of benefits, and participate in programs and services that support healthy lifestyles, assist them
    in building financial security for themselves and their families and help them live well-balanced lives.

    Culture
    Volunteer in local community
    Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
    Partners with nonprofits
    Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity. https://www.massmutual.com/about-us/corporate-responsibility/foundation
    Open door policy
    OKR operational model
    Team based strategic planning
    Open office floor plan
    Employee resource groups
    Employee-led culture committees
    Hybrid work model
    In-person all-hands meetings
    Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.
    Employee awards
    Flexible work schedule
    Flexible work arrangements, including telecommuting, are available in many departments across the company.
    Remote work program
    In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year.
    Diversity
    Documented equal pay policy
    Dedicated diversity and inclusion staff
    Highly diverse management team
    More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
    Mandated unconscious bias training
    Diversity manifesto
    Diversity employee resource groups
    Hiring practices that promote diversity
    Diversity recruitment program
    Health Insurance & Wellness Benefits
    Flexible Spending Account (FSA)
    A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
    Disability insurance
    For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
    Dental insurance
    Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
    Vision insurance
    Health insurance
    To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
    Life insurance
    For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
    Pet insurance
    Wellness programs
    Team workouts
    Mental health benefits
    Transgender health care benefits
    Wellness days
    Abortion travel benefits
    Our general medical travel benefit covers abortion-related travel.
    Financial & Retirement
    401(K)
    In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
    401(K) matching
    Performance bonus
    Charitable contribution matching
    Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
    Pay transparency
    Child Care & Parental Leave Benefits
    Childcare benefits
    Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
    Generous parental leave
    Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
    Family medical leave
    Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
    Adoption Assistance
    Company sponsored family events
    MassMutual offers many opportunities for family events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings like annual pride parades.
    Fertility benefits
    Vacation & Time Off Benefits
    Generous PTO
    Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
    Paid volunteer time
    Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
    Paid holidays
    Paid sick days
    Occasional illness: up to 5 days per calendar year.
    Flexible time off
    Floating holidays
    Bereavement leave benefits
    Hardship benefits
    320 hours of caregiver leave to take of loved ones when it matters most.
    Office Perks
    Commuter benefits
    Free daily meals
    Free snacks and drinks
    Some meals provided
    Onsite office parking
    Recreational clubs
    Relocation assistance
    Fitness stipend
    Home-office stipend for remote employees
    MassMutual's wellness wallet is a stipend available to all employees, and can be used for myriad wellness-related purchases, including home-office purchases.
    Meditation space
    Mother's room
    Onsite gym
    Professional Development Benefits
    Job training & conferences
    Tuition reimbursement
    Lunch and learns
    Promote from within
    Mentorship program
    Continuing education stipend
    Continuing education available during work hours
    Online course subscriptions available
    Customized development tracks
    Paid industry certifications
    Personal development training
    Virtual coaching services

    Additional Perks + Benefits

    To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

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