Assistant Manager / Manager, Derivatives Services
The Manufacturers Life Insurance Company
Hong Kong, HK

Job Description :

Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

Job Description

Manulife Asset Management’s Asia Derivatives Services team (ADS) serves as the regional hub for derivatives analysis, facilitation and operations throughout the Asian region.

ADS serves both Manulife’s General Accounts and Third Party fund businesses providing analytical resources, performing compliance monitoring, overseeing hedge accounting and managing trade and collateral operations as they relate to derivatives for Manulife’s offices in Hong Kong, China, Taiwan, Japan, Singapore, Malaysia, Indonesia, Vietnam, Philippines and Thailand.

Duties will include working on daily cash and collateral reconciliation and operations, negotiating and coordinating collateral transfers and receipts with derivatives counterparties, reviewing and signing-

off on daily pricing input reconciliation, new trade validation and various ad-hoc projects, reporting and analysis. This includes timely resolution of complex problems and handling of escalated issues.

Responsibilities :

  • Assist with daily settlements of cash and collateral for exchange traded and over-the-counter (OTC) derivatives.
  • Lead in the resolution of any middle office issues with the counterparty, custodian and back office, dealing with our custodian(s) regarding the logistics and the reconciliation of in-
  • transit cash and collateral settlements.

  • Review and sign-off on daily market data inputs reconciliation and perform new trade validation.
  • Assist from time to time in ad hoc analytic requests from business units, one-off issue resolution, and operational activities as the need arises.
  • Propose process improvements of operational functions that are overly manual, time consuming, and / or pose risksy by various methods including automation, off-
  • shoring, or re-engineering. These activities are mainly focused on processes within Asia Derivatives Services and generating information / reports useful to our internal clients and senior management.

  • Assist in designing new management reports and analytics beneficial to specific business units or for senior management reporting.
  • Possess good understanding of equity, fixed income and exchange traded and over the counter (OTC) derivatives.
  • Seek and recommend workflow process improvements and assist in the creation and implementation of new procedures and controls.
  • Build and document enhanced procedures and controls to ensure consistently high quality services to the front office, clients and other business units.
  • Manage the relationship with custodian banks and counterparties to ensure good market practices are offered and delivered timely and accurately.
  • Collaborate with peers, other business units and functions both amongst Asian territories.
  • Knowledge / Skills / Competencies :

  • Bachelor’s degree in Accounting, Finance or Business with at least 3 years experience in the securities industry and / or investment operations.
  • Experience with equity, foreign exchange, fixed income securities and derivatives, valuation, custodial operations, fund accounting and settlement processes.
  • Knowledge and experience with cash management, cash flow forecast, reconciliations, post trade handling, reporting and fund operations are required.
  • Direct experience working in a Middle Office environment is a strong advantage.
  • Team player with strong interpersonal skills.
  • Strong communication skill to deal with various internal and external parties and able to work under pressure.
  • Strong analytical and technical skills and demonstrated ability to analyse complex problems and make effective recommendations.
  • Strong organizational skills, able to multi-task and the flexibility to work in a fast changing environment.
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