Job details

VP, Derivatives Services Manager

Get a free resume review

The Vice President, Derivatives Services Manager will be a member of the Trade Operations team within Nuveen Global Investment Operation, reporting into the Managing Director, Head of Trade Operations. The Derivatives Services Manager will lead a cross functional team responsible for supporting Nuveen’s global foreign exchange (FX) and derivatives trade management and collateral management operational activities. Within this role, the candidate will be responsible for accurate and timely trade support, confirmation, and settlements for FX and derivatives trades and related collateral. In addition to supporting production trading and collateral management workflows, the candidate will work closely with Nuveen's Equity and Fixed Income investment teams, Technology teams, and critical business partners such as State Street to advance Nuveen's strategic initiatives and implement process improvements to scale and support the growth of the business. The Derivatives Services Manager will be responsible all team management responsibilities, including, managing the day-to-day workload, coaching / mentoring the team, and performance management.

Key Responsibilities and Duties

Lead the Derivatives Services team, overseeing FX and derivatives trade management and collateral management support.
Oversee FX and derivatives trade processing, analytics, and reporting within proprietary derivatives risk and analytics platform, supporting investments and risk management teams.
Oversee collateral management margin call processing, settlement instruction, dispute monitoring, dispute resolution. Collaborate with trading, risk management, and operations teams to resolve disputes and ensure counterparty risk is well controlled.
Closely collaborate with Trading, Technology, and Operations to support strategic initiatives through business analysis, development, testing, and implementation.
Incorporate a risk management mindset, focused on identifying and mitigating operational risk through continued process improvement and enhanced operational controls. Develop standard operating procedures and remediation plans to address operational risk.
Oversee and support operational onboarding activities for derivatives trading and collateral management. Partner with Legal on prerequisite trading agreements to support client onboarding and fund launch.
Manage the performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional operational processes and to foster team member engagement, motivation, and development.

Educational Requirements

University (Degree) Preferred

Work Experience

5+ Years Required; 7+ Years Preferred

Physical Requirements

Physical Requirements: Sedentary Work

Career Level
8PL

Required Qualifications:

5+ years of experience working in investment/trading operations
5+ years of experience supporting derivatives and/or FX
5+ years of experience managing people

Preferred Qualifications:

10 or more years of experience working in asset management specifically in investment / trading operations
Excellent communication skills; ability to articulate issues with internal/external stakeholders and present highly technical subject matter at an appropriate level for the target audience.
Controls mindset, ability to partner with Compliance and Risk Management to advance the business and mitigate risk.
Experience with or strong understanding of various derivatives instruments across equity, fixed income, FX, and credit asset classes.
Broader knowledge of Investment Operations
Strong knowledge of derivatives trade lifecycle and support across bilateral, listed, and cleared derivatives trading workflows.
Understanding of Investment Management products (Pension funds, Mutual funds, Separate accts).
Knowledge of order management systems and/or electronic trading systems to support derivatives and FX trading.
Experience with Bloomberg Aim, Charles River, Murex and working with outsourced service providers
Experience with supporting global trading and operating within a "follow-the-sun" global operating model
Strong Project Management Skills and the ability to run meetings and drive results

Related Skills

Business Analysis, Business Process Improvement, Business Process Understanding, Collaboration, Consultative Communication, Negotiation, Nuveen Products/Services Acumen, Organizational Savviness, Project Management, Vendor / Partner Management

Anticipated Posting End Date:

2025-04-14

Base Pay Range: $123,800/yr. - $171,000/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

_____________________________________________________________________________________________________

Company Overview

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Read more about your rights and view government notices here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

Privacy Notices

For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.

For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.

For Applicants of TIAA Global Capabilities, click here.

For Applicants of Nuveen residing in Europe and APAC, please click here.

Average salary estimate

$147400 / YEARLY (est.)

min

max

$123800K

$171000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About VP, Derivatives Services Manager, Nuveen

As the VP, Derivatives Services Manager at Nuveen in Iselin, New Jersey, you will step into a role that's both challenging and rewarding. Here, you will be an integral part of the Trade Operations team, reporting directly to the Managing Director, Head of Trade Operations. Your leadership will guide a specialized team dedicated to managing Nuveen’s global foreign exchange and derivatives operations. In this role, your expertise will shine as you oversee trade support, confirmations, and settlements, ensuring all activities are executed accurately and efficiently. Collaborating closely with equity and fixed income investment teams, along with key partners like State Street, you'll drive strategic initiatives and implement innovative process improvements that scale with the business. Your responsibilities will include managing day-to-day workloads, coaching team members, and overseeing performance management to cultivate an engaged and high-performing team. You will also focus on rigorous risk management practices, working continuously on operational controls, standard operating procedures, and onboarding activities related to derivatives trading. With your extensive background in investment operations, you are set to lead Nuveen's efforts in enhancing trading workflows and improving client onboarding processes while maintaining compliance and risk management standards. If you are passionate about derivatives and eager to contribute to a thriving financial services environment, Nuveen is looking for you!

Frequently Asked Questions (FAQs) for VP, Derivatives Services Manager Role at Nuveen

What are the main responsibilities of a VP, Derivatives Services Manager at Nuveen?

The VP, Derivatives Services Manager at Nuveen oversees a team responsible for FX and derivatives trade management and collateral management. This role also ensures accurate trade support, confirmation, settlements, and dispute resolution while collaborating with investment teams and technology partners to drive strategic initiatives.