Asst. VP, Trade Operations

About Our Company

Aflac Asset Management, LLC, (d.b.a. Aflac Global Investments or GI) is a wholly owned subsidiary of Aflac, Incorporated (Aflac).  GI is headquartered in New York’s financial district at 100 Wall Street and is the organization responsible for the overall investment activities of Aflac and its subsidiaries in Japan, the U.S., and Bermuda.  With ~150 employees globally, GI manages an investment strategy focused on maximizing long-term returns with a focus on preservation of capital, subject to our affiliated insurance company’s objectives for income, asset-liability management, liquidity, and capital.  GI  is responsible for generating approximately $3.5 billion of annual investment income from Aflac’s general accounts from a mix of public and private assets (including strategic partnerships) across multiple geographies and currencies.  As of year-end 2022, Aflac’s total general account portfolio was $111 billion.

The investment teams support GI’s overall goals and objectives by implementing, managing, and overseeing multiple portfolios encompassing different strategies across various fixed income and growth asset classes utilizing both internal teams of analysts, portfolio managers, and traders and external third party asset managers.  GI utilizes a rigorous approach to deploying and managing assets driven by a disciplined strategic asset allocation which establishes portfolio parameters based on long term expectations for performance. 

Please note: Aflac Global Investments' hybrid working environment requires a minimum of 3 days in the office each week

Job Summary

Working as a key member of Aflac Global Investments (GI) and the Global Trade Operations Management team in New York City, collaborate on the design, development, implementation and maintenance of the trade operations workflows.  The position requires expertise in the asset management, knowledge of fixed income, private placements, derivatives (spots, forwards, options, swaps) and related middle and back office daily operational processes.  The role includes performing daily operational tasks, interacting with service providers and counterparties, making process improvement recommendations that enhance the value, efficiencies and automation of Global Investments Trade Operations.  In addition to the daily responsibilities described below; the AVP, Trade Operations will also work on broad range of projects and help to support communications with colleagues in Japan Operations and other key stakeholders (to foster a more efficient work-stream. 

Reports to:  Vice President, Head of Trade Operations, U.S.

Other Relationships: Japan Operations, Risk, Compliance, IT, Investment Accounting, Custodians, Treasury, FP&A and other key stakeholders.

Overall Responsibilities

• Provide trading workflow operational support to ensure trade matching and settlement, engage with custodians and internal stakeholders, researching and resolving all trade discrepancies with counterparties.
• Reconcile cash, investment activity and positions between order management system, custodians and accounting systems.
• Maintain books and records in compliance with regulatory requirements.
• Set up accounts with brokers and custodians.
• Execute money movement transactions including internal transfers and outgoing wires.
• Assist with set up and maintenance of SSIs.
• Monitor and execute corporate action events.
• Experience with margin and collateral managements and counterparty interactions.
• Daily cash management and cash balance monitoring.
• Monitoring and supporting securities lending program.    
• Assist and support day to day management of global custodians.
• Collaborate and contribute to the advancement of controls and process documentation to enhance the control environment.
• Assist in identifying gaps in procedural documentation and making the necessary updates.
• Work with vendors and internal groups to evaluate the operational requirements to support existing and new investment instruments and account types. 
• Lead the advancement of investment trade operations reports, KPIs and processes, ensure all systems and applications have strong process workflow, minimizing errors and time.
• Work with Japan Operations as necessary to help communicate global workflows.
• Participate or lead in ad-hoc projects.

Candidate Qualifications

• 7+ years of relevant work experience in financial services technology and trade operations management (preferably life insurance and/or asset management.)
• Direct experience in Fixed Income, Private Placements and Derivatives operations with minimum of 5 years.
• B.A. / B.S degree in accounting, finance, business, data science, computer science or similar quantitative disciplines.
• Ability to work accurately and efficiently under tight deadlines and independently with minimal supervision.
• Experience with Markit, DTCC CTM, IVP, Tri-Optima, FX ALL, Aladdin, and Bloomberg Products.
• Experience in Python,  Microsoft Power Automate, Power Query and VBA is a plus.
• Superior MS Excel skill set including pivot tables, reference and lookup formulas, macros, etc., intermediate ability to work with MS Power Point is a plus.
• Highly organized with superior attention to detail with an ability to analyze large amounts of data and extract meaningful information and identify findings in a succinct format.
• Be able to identify and improve data accuracy and processes used in production of financial, accounting and investment reporting purposes.
• Excellent verbal and written communication skills, ability to present and articulate issues clearly and succinctly with all levels of management, variety of internal and external stakeholders. 
• A team player with a strong work ethic and professional attitude.
• Reliable and punctual, self-starter with excellent problem solving skills. 
• Ability to work effectively with other individuals and departments.

The range on this positions is:   $68,000 to $175,000

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions including, but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. The range has been created in good faith based on information known to Aflac at the time of the posting.  Compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.

In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies, 401(k) plans, and generous paid time off. You’ll also be granted time off for designated paid holidays and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to sick, adoption and parental leave, in all states and localities.

We will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.