Job Description
Note: The job is a remote job and is open to candidates in USA. Lincoln Financial is a company that helps people confidently plan for their financial futures. They are seeking a senior leader to run their Derivatives Middle Office Operations, overseeing trade capture, affirmations, confirmations, and ensuring robust controls while leading a team to improve operational efficiency.
- Responsibilities
- Own operational outcomes across the derivative trade lifecycle for Rates, FX, Equity, TRS, Credit, and Futures, including booking quality, lifecycle processing, settlements, clearing, reconciliations, and reporting readiness
- Direct oversight of trade capture and enrichment ensuring accuracy of static/reference data and lifecycle readiness
- Govern affirmation and confirmations (electronic and paper), ensuring timeliness and completeness
- Oversee all lifecycle events (fixings/resets, coupon flows, novations, compressions, early terminations, exercises, corporate actions/adjustments where relevant) and ensure accurate settlements with minimal fails and strong exception management
- Own daily collateral and margin operations across bilateral and cleared portfolios, including margin calls, dispute management, collateral eligibility/haircuts, substitutions, accurate margin settlement, and UMR governance
- Maintain strong working relationships and operational standards with CCPs/FCMs, ensuring timely margin movements, accurate allocation, and robust issue resolution
- Own reconciliations across position, cash, collateral, and valuation, with aggressive break aging, root-cause analysis, and closure discipline
- Develop dashboards and KPI reporting to proactively identify trends, risks, and recurring drivers of breaks/fails
- Build and maintain a strong SOX and control framework across trade capture, confirmations, margining, settlements, reconciliations, and change management; drive timely remediation of control gaps and audit issues
- Partner with Front Office and Treasury on new product onboarding, trading readiness, operational support during market events, and ongoing process/service improvements
- Ensure operational inputs are accurate and timely to support accounting, including hedge accounting, under US GAAP and insurance statutory reporting
- Sponsor technology modernization and STP initiatives—partnering with Technology to enhance platforms, reduce manual touchpoints, strengthen controls, and improve scalability
- Lead, coach, and develop a team of managers and analysts, establishing clear expectations, performance management, succession planning, and career pathways
- Drive talent development in derivatives product knowledge, control mindset, and stakeholder leadership
- Skills
- 10+ years experience leading Derivatives Middle Office and Collateral/Margin functions with accountability for outcomes across multiple products and workflows
- Ability to translate risk and regulatory expectations into practical, scalable processes and controls
- Strong process engineering mindset: automation, STP, workflow optimization, and reduction of operational risk through simplification and standardization
- Data governance orientation: reference data, static data controls, reconciliation tooling/discipline, and operational data quality management
- Executive presence and strong written/verbal communication—able to drive alignment with Front Office, Accounting/Finance, Risk, Tech, and Compliance/Legal
- Ability to prioritize and make decisions under pressure; confident escalation and issue ownership
- Benefits
- Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
- Leadership development and virtual training opportunities
- PTO/parental leave
- Competitive 401K and employee benefits
- Free financial counseling, health coaching and employee assistance program
- Tuition assistance program
- Work arrangements that work for you
- Effective productivity/technology tools and training
- Company Overview
- Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. It was founded in 1905, and is headquartered in Radnor, Pennsylvania, USA, with a workforce of 10001+ employees. Its website is https://www.lincolnfinancial.com/.
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