Derivatives Clearing Manager - VP
London, United Kingdom | Global Securities, Investment and Retail Banking Firm
Functions:Financial Services Professional
Job Description:69 people have viewed this job
End to end owner of the client account setup process.
Partner with business partners to understand the client service needs. Validate client requirements vs services offered, and implement solutions where necessary.
Management of client account reference data.
Assist in the resolution of reference data related trade breaks.
Aid in the development of new derivatives clearing products and the associated account structures.
Serve as a Subject Matter Expert (SME) for investigating and troubleshooting issues to ensure smooth trade processing.
Manage client connectivity, account set-up and technical configuration processes in order to integrate customer systems onto the various internal and external platforms (ie. SEF, CCP) required for trade execution, processing margining and settlement.
Partner with internal stakeholders - including Transition Management and Client Service teams - and externally with clients/vendors to assess client onboarding requirements, and develop optimized account infrastructures to fit each customer’s needs.
Perform metadata reconciliations between internal and external systems to ensure accuracy of trade matching, settlement, reporting and exposure management, prior to trade execution, in order to preempt potential trade matching breaks.
Skills and Qualifications
Previous experience from the financial services industry, a related field, or equivalent work experience required.
Working knowledge of the Clearing product with experience supporting one (or more) of the following products: Futures & Options, Credit Derivatives, Interest Rate Derivatives, and Foreign Exchange.
Deep understanding of the Foreign Exchange Derivatives, with a particular focus on credit risk management and the clearing model. The candidate must demonstrate a fair level of expertise in the following:
Traiana’s credit monitoring and trade processing engines including; CreditLink, Harmony, and TRM.The candidate must have working knowledge of the intricate mapping, pricing and configuration capabilities of each of these tools.
Trade break investigations for technical issues with respect to forex electronic communication networks (“ECN’s”).
Portfolio risk margining of OTC foreign exchange products.
Strong technical skills: A high degree of proficiency with Microsoft Office applications is mandatory, particularly Excel. Data analytics skills and comfort working with big data is ideal. Experience with some form of coding (VBA, SQL, Python, or Java) would be a plus.
Applicants with strong analytical skills will also be strongly considered.Experience working with data analysis and visualization tools such as R, MATLAB, Alteryx or Tableau would be ideal.
In addition to the above technical skills, the successful candidate will be able to demonstrate the following qualities:
The individual must be capable of leading global initiatives and marshaling resources across the firm in order to deliver on large scale initiatives.
Must have the ability to perform in a fast paced and demanding work environment.
Reliable, courteous and Professional: Takes ownership and demonstrates commitment.Etiquette, integrity and an understanding of the value of diversity is a must.
Demonstrates Strong Emotional Intelligence: Composure in challenging situations. Listens, and manages the conversation, offers support, Identifies the root causes and takes action. Has perspective and can see issues and goals from different angles and levels.
The ability to deliver on aggressive timelines. Strong partnership and leadership qualities will be preferred.
Sound Judgment and effective communication skills are required. Must possess excellent written and verbal skills as networking is required for effective delivery.
Exhibits Excellent Team Working Skills and Personal Motivation: Quick learner, open approach, respectful energetic, self-motivated and can motivate others. The successful candidate would also be willing to explore new smart-working ideas.
Builds Customer Loyalty & Confidence: Responsive and value adding. Delivery orientated and completes initiatives.