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Phoenix Group

Life insurance group managing heritage books

Derivative & Collateral Onboarding Analyst

Finance & BankingConfirmed live in the last 24 hours
Full-timeLondon, UK

About the Job

Requirements

  • Previous experience in derivatives or collateral onboarding within asset management or a closely related financial services environment is desirable.
  • Understanding of derivative products and related legal documentation, including ISDA, CSA, GMRA, and CDEA agreements.
  • Knowledge of variation margin and initial margin requirements.
  • Experience with KYC, due diligence, and documentation processes.
  • Working knowledge of operational and regulatory requirements associated with derivatives.
  • Strong analytical skills and attention to detail.
  • Ability to maintain accurate and reliable data across multiple systems.
  • Clear written and verbal communication skills.
  • Strong stakeholder and relationship management capability.
  • Ability to take ownership of processes, tasks, and onboarding requests.
  • Ability to manage competing priorities and deliver effectively under pressure.
  • Proactive, collaborative, and adaptable approach.
  • Problem-solving skills and judgment to identify and escalate issues when required.

Responsibilities

  • Manage end-to-end onboarding of new and existing derivative trading counterparties.
  • Act as a key point of contact for derivative and collateral onboarding requests, provide clear updates, and resolve queries.
  • Coordinate KYC and reverse-KYC activity, including documentation requests, screening, and due diligence queries.
  • Build effective relationships with internal stakeholders and external counterparties.
  • Manage and prioritize multiple onboarding requests to support timely delivery.
  • Set up and maintain counterparty, agreement, and portfolio configurations within Aladdin.
  • Oversee counterparty setup across platforms including FXALL, Tradeweb, DTCC, and MarkitWire.
  • Coordinate derivative legal documentation, including ISDA, CSA, GMRA, CDEA, IM CSD, and ACA agreements.
  • Maintain accurate derivative and collateral agreement data.
  • Support requirements relating to variation margin, initial margin, and EMIR delegated reporting.
  • Identify issues at an early stage, apply sound judgment, and escalate risks appropriately.

Desired Qualifications

  • Previous experience in derivatives or collateral onboarding within an asset management or closely related financial services environment.

About the Company

Phoenix Group

Life insurance group managing heritage books

Phoenix Group handles both ongoing and closed life insurance and pensions businesses. Its open brands include SunLife and Standard Life, while its core strength lies in managing heritage (closed) books of business that are no longer open to new customers, providing administration and policy servicing for those portfolios. The company operates offices across the UK and has activities in Dublin and Frankfurt, giving it a broad geographic footprint. Its approach centers on maintaining long-standing policies and ensuring reliable service for customers, with a strong emphasis on being a good employer and community partner. Distinguishing factors include specialized expertise in closed books, scale across multiple markets, and a reputation as a top employer. The main goal is to look after colleagues, customers, and communities while delivering value from both open and heritage life and pension book administration.

Company size
51-200
Company stage
IPO
Headquarters
Abu Dhabi, United Arab Emirates
Founded
1782

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