Senior Derivative Operations Analyst

Careers with Impact

More than one million Australians trust us with their money, and that trust shapes how we work every day. Our members sit at the centre of everything we do, guiding our decisions and the impact we strive to make.

We're looking for people who are purpose-driven and accountable, who value inclusion and collaboration, and who are proactive in managing risk to protect our members' long-term outcomes. In return, you'll be part of an organisation where your work contributes to strong returns, real-world impact, and a culture that reflects the communities our members serve.

Bring your authentic and passionate self to this exceptional role #careerswithimpact

We're looking for a Senior Derivative Operations Analyst to be our subject matter expert on derivatives, with scope to extend into other complex assets over time. You'll manage the Fund's daily ASIC OTC derivative transaction reporting obligations, support the operating model for derivatives, and help uplift and develop new derivative capabilities across Investment Operations — with coverage across the team's cash and collateral activities as well.

This is a role for someone who's comfortable owning complex regulatory obligations end-to-end, digging into detail, and working closely with third parties, senior stakeholders and cross-functional teams to keep things running smoothly and improving over time.

This position could be based in Melbourne or Sydney.

What you'll be doing

• Overseeing ASIC OTC trade reporting, including identifying and resolving reporting issues with third parties, and challenging third-party interpretations using your own judgement
  o Managing and maintaining reconciliation and validation rules within dedicated tools to oversee transaction, collateral and valuation submissions
  o Analysing trends and issues, including capability assessments of third-party delegates, and presenting findings at forums
  o Advising senior stakeholders on complex points of regulatory interpretation
  o Owning reporting requirements and validation for new internally-traded product types, ensuring vendor-built solutions meet regulatory obligations
• Driving efficiencies and capability uplift, including in response to regulatory change, and keeping frameworks and documentation current
• Overseeing implementation of new derivatives, providing subject matter expertise and helping operationalise new workflows
• Supporting the fund's derivatives operating model, including counterparty documentation negotiations and new counterparty onboarding
• Providing coverage for cash and collateral activities, including daily cash sweeps, liquidity reporting, and initial and variation margin collateral oversight
• Contributing to strategic business projects across derivatives, cash, collateral and the broader Investments business

What you'll bring:

• Demonstrated experience in a similar role within a bank, fund manager, superannuation fund or custodian
• A strong understanding and working experience of derivatives and other investment instruments
• Experience in an operational role requiring strong numerical application and attention to detail
• An understanding of investment structures and processes (superannuation or fund manager)
• A proven ability to build positive relationships across a broad range of stakeholders, and to communicate clearly with both business and technical teams, including presenting to senior stakeholders
• A strong understanding of the derivative end-to-end trade life cycle, and exposure to middle, front and back-office investment processes for derivatives
• Knowledge of ASIC Transaction Reporting and collateral management obligations
• Experience implementing change initiatives from initiation through to implementation
• Strong Microsoft Office skills, particularly Excel

Benefits that matter and make a difference for our employees

• Leave for those moments that matter, an additional 6 days of leave at the end of year, up to 6 days paid volunteer leave, gender neutral paid parental leave of 20 weeks, Gender Affirmation leave, reproductive health and wellbeing leave, Cultural and Ceremonial leave. Access your LSL after 3 years, take AL at half pay, and purchase up to 2 weeks additional leave (just to name a few!).
• Your Professional development matters, up to $5k per year professional development and up to 8 days professional development leave, HESTA scholarships and free access to a range of premium learning tools.
• Your health and wellbeing matters, free annual flu shots and skin checks, incredible social events throughout the year and a comprehensive employee assistance program available 24/7.
• Your financial wellbeing matters, up to 15% super, financial planning support, end of year payment for all Enterprise Agreement-covered employees, incentivised Employee Referral Program and novated lease options.

We celebrate, value and include people of all backgrounds, genders, identities, cultures and abilities. We welcome and support applications from First Nations people, physically, neuro or culturally diverse, LGBTQI+, and people of any age. We are proud to be WGEA accredited as an Employer of Choice for Gender Equity.

We want all candidates to feel safe, included and provided with the best opportunity to thrive, if you require reasonable adjustments during your application or throughout the recruitment process, please reach out to a member of the Talent team ••••@hesta.com.au and we'll call you to discuss.

Please note: Applications via recruitment agencies will not be accepted for this position

Be the go-to expert on derivatives operations for the Fund, with real ownership over how obligations are met, how issues get resolved, and how the Fund's derivative capabilities evolve

Flexible Hybrid Working

Enhanced Leave Entitlements