Investment Operations Director
Investment Operations Director
Miami, United States of America
Position Summary:
The Investment Operations Director is responsible for the supervision of teams that is responsible for processing all transactions related to the custody of securities and treasury back office. This includes all of the operational processes that are required for the completion of security and treasury position settlements, alternative products, foreign exchange, FX derivatives, options, corporate actions / events processing, bookkeeping, position/cash reconciliations and securities transfers.
The Investment Operations Director reports to the Sr. Director of Operations.
Position Duties / Responsibilities:
Treasury & Derivatives settlements
Monitor trader limits and ensure/report derivative position limits to ensure compliance with Treasury policy. Oversees and assures settlement of FX's, MM, NDFs, Interest Rate Swaps, Options, Repos, along with any other products executed by the Treasury Desk.
Transfers
Coordinate with counterparts, custodians, brokers the process of free receipt/delivery of security settlement and ensure proper record keeping of customers accounts.
Instruct external custodians for receipt/delivery of securities and input into internal Globus T24 system
Corporate actions
Corroborates that corporate actions are processed accurately and on a timely basis. These include the receipt and delivery of securities, the collection of interests, dividends, and principal payments, tax withholdings and reporting, and the certification and administration of participant options on corporate events which include warrant exercises, rights issues and voting.
Settlements
Oversees the confirmation process for all transactions with counterparts and custodians and verifies that all operations are executed within standard market proactive guidelines, in compliance with regulatory requirements and within established Bank policies and procedures.
Verifies the accuracy for the accounting of security movements in the Banks custody accounts, cash correspondent accounts and in the client positions. Manage and coordinate with multiple Fund administrators and funds families.
Implements and updates operational procedures that comply with the Banks and the Regulators policies.
Team Development/Management
Oversee the day-to-day activities of the team, including budgeting, planning and staff development.
Recruit and manage an appropriate team to support the development and execution of the People strategy and objectives
Promote a culture of high performance and continuous improvement that values learning and a commitment to quality
Mentor and develop staff using a supportive and collaborative approach on a consistent basis.
Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, conduct annual performance appraisals, and administer salary adjustments
Other duties as assigned or requested by Manager
Education:
Bachelors degree required or equivalent experience
Business Experience:
8 - 12 years of relevant experience or demonstrated required level of proficiency
Specialized and/or Technical Knowledge:
Knowledge of Bloomberg a plus
Excellent time management skills and ability to multi-task and prioritize work
Attention to detail and problem-solving skills
Excellent written and verbal communication skills
Knowledge Microsoft Office
Languages:
Spanish, English
Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occassional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights: Employer Rights:This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
Primary Location: Miami, FL, Miami
Other Locations: Florida-Miami
Organization: Banco Santander International
Salary: $108,750 - $210,000/year
Apply Now
Miami, United States of America
Position Summary:
The Investment Operations Director is responsible for the supervision of teams that is responsible for processing all transactions related to the custody of securities and treasury back office. This includes all of the operational processes that are required for the completion of security and treasury position settlements, alternative products, foreign exchange, FX derivatives, options, corporate actions / events processing, bookkeeping, position/cash reconciliations and securities transfers.
The Investment Operations Director reports to the Sr. Director of Operations.
Position Duties / Responsibilities:
Treasury & Derivatives settlements
Monitor trader limits and ensure/report derivative position limits to ensure compliance with Treasury policy. Oversees and assures settlement of FX's, MM, NDFs, Interest Rate Swaps, Options, Repos, along with any other products executed by the Treasury Desk.
Transfers
Coordinate with counterparts, custodians, brokers the process of free receipt/delivery of security settlement and ensure proper record keeping of customers accounts.
Instruct external custodians for receipt/delivery of securities and input into internal Globus T24 system
Corporate actions
Corroborates that corporate actions are processed accurately and on a timely basis. These include the receipt and delivery of securities, the collection of interests, dividends, and principal payments, tax withholdings and reporting, and the certification and administration of participant options on corporate events which include warrant exercises, rights issues and voting.
Settlements
Oversees the confirmation process for all transactions with counterparts and custodians and verifies that all operations are executed within standard market proactive guidelines, in compliance with regulatory requirements and within established Bank policies and procedures.
Verifies the accuracy for the accounting of security movements in the Banks custody accounts, cash correspondent accounts and in the client positions. Manage and coordinate with multiple Fund administrators and funds families.
Implements and updates operational procedures that comply with the Banks and the Regulators policies.
Team Development/Management
Oversee the day-to-day activities of the team, including budgeting, planning and staff development.
Recruit and manage an appropriate team to support the development and execution of the People strategy and objectives
Promote a culture of high performance and continuous improvement that values learning and a commitment to quality
Mentor and develop staff using a supportive and collaborative approach on a consistent basis.
Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, conduct annual performance appraisals, and administer salary adjustments
Other duties as assigned or requested by Manager
Education:
Bachelors degree required or equivalent experience
Business Experience:
8 - 12 years of relevant experience or demonstrated required level of proficiency
Specialized and/or Technical Knowledge:
Knowledge of Bloomberg a plus
Excellent time management skills and ability to multi-task and prioritize work
Attention to detail and problem-solving skills
Excellent written and verbal communication skills
Knowledge Microsoft Office
Languages:
Spanish, English
Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occassional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights: Employer Rights:This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
Primary Location: Miami, FL, Miami
Other Locations: Florida-Miami
Organization: Banco Santander International
Salary: $108,750 - $210,000/year
Apply Now