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Job Title :
Senior Operations Specialist
Job ID :
Category :
Business Operations
Location :
Boston, MA US
Job Type :
Full Time
Posted On :
Job Description :

Job Duties:
  •  Perform Futures margin reconciliation and settlement for both the Manulife Asset Management Toronto and Boston offices.
  • Connect with brokers and custodians on Futures give up trades.
  • Maintain static data and tables within the firm’s derivative system, Findur.
  • Oversight of the trade life cycle of all derivative trades.
  • Management and troubleshooting of Findur’s SWIFT system.
  • Send out derivatives trades via SCUS or SWIFT through Bloomberg.
  • Monitor and amend commission (CUTS) rules within Bloomberg.
  • Perform SWIFT process development within Bloomberg.
  • Maintain file to record and monitor single name, index, and fx options.
  • Coordinate with portfolio managers, traders, trade administration, brokers, compliance, and custodians on market triggers with options such as assignments, roll overs, and corporate actions.
  • Assist valuations and pricing on determining the USD premium equivalent of a non USD notional FX Option.
  • Maintain a watchlist file for compliance to track the blocking of underlying shares for options.
  • Administration of margin for naked/index options.
  • Work with internal reconciliation and accounting teams on resolving breaks and suspense issues.
  • Ensure settlement of repo trades and management of daily collateral.
  • Calculating quarterly and semi-annual interest for swaps.
  • Providing tailored PnL reports on option trades and assignments.
  • Initial margin reconciliation and posting to help determine the firm’s investment decision on a specific day.
  • Perform EMIR reporting and upload to DTC to comply with regulations.
  • Act as Subject Matter Expert (SME) input on Global Optimization project (system upgrades and derivative synchronization), and in system and operational workflows
  • Assist in internal and external audit requests
  • Stay up to date with derivative regulatory and market requirements such as EMIR, Dodd-Frank, UCITS, and FMIA.
Minimum Degree Requirements:
  • Bachelor’s degree or foreign equivalent in Business Administration, Business Management, Finance, or a closely related field.
Minimum Experience Requirements:
Requires 3 years working in the Securities and Derivatives industry, including experience in the following:
  • 3 years of experience with trade life-cycle and settlements.
  • 2 years of experience providing insight and margining advice to products including Futures, Options, Swaps, and Repo’s.
  • 2 years of experience managing margin and settlement calculation for all the derivative products.
  • 2 years of experience monitoring Bloomberg to settle, advise, and assist on derivative trades.
    ** Experience may be gained concurrently.
About John Hancock Financial and Manulife
John Hancock is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $1 trillion (US $754 billion) as at March 31, 2017. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at

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