Settlements
About the position
The Director of Derivatives Settlements will be a senior member of the Derivatives Operations team, supervising a team of roughly 10 in a hybrid work model. This role will be responsible for overseeing and supervising daily settlements processes for the Capital Markets Derivatives trading business, as well as providing support for the Derivative business conducted by group companies in New York, London, and Hong Kong. This role will closely partner with Front Office, Back Office, and Technology to deliver on the business objectives.
The Derivative Operations Group supports the post trade lifecycle operation for Capital Markets and is comprised of 4 key functions: Sales Middle Office, Confirmations, Settlements, and Collateral & Margin. The Settlements team actively manages pre- and post-settlement processes and daily financial risks. In addition to daily settlement support, the function is focused on remaining current with industry standards and regulations. The team continues to evolve in its risk-mitigation framework, technology agenda, and metrics enhancement.
This position will primarily be located in our White Plains, NY, office.
Responsibilities
• Supervise and ensure timely and accurate execution of day-to-day derivative settlement activities
• People management promoting a culture of credibility and accountability
• Maintain and ensure compliance with robust policies and procedures
• Understand and ensure compliance with relevant regulatory requirements
• Identification and escalation of open risk
• Work with relevant stakeholders (including but not limited to Front Office, Technology, Compliance, Risk) to deliver against targeted business strategies and initiatives
• Identify opportunities for business process improvements and implement changes to enhance efficiency, scale and accuracy.
• Identify and execute opportunities for change to optimize outcomes, including system enhancements, industry initiatives and new products
• Lead team through internal and external reviews
• Perform ad-hoc requests and other duties as assigned
• Build out functional KRIs
Requirements
• Strong supervisory/managerial experience
• Excellent verbal and written communication skills with ability to articulate concepts and ideas to diverse audiences
• Ability to be assertive with strong influencing skills
• Strong organizational skills
• Effective time management and ability to manage priorities and resources
• Ability to work under pressure and deliver results within tight deadlines/timelines
• Derivative lifecycle subject matter expert
• Ability to identify and assess a problem situation, determine the root cause and propose recommendations and/or solutions to resolve the issue
• Forward thinker who seeks to improve business processes that deliver optimized outcomes in a risk-controlled manner
• Use of independent judgement and decision making to handle team issues within assigned authority
• Track record of delivering process efficiency gains
• 15+ years of experience in Financial Services with strong understanding
• 5+ years of management experience
• Bachelor’s Degree or equivalent
• Knowledge of SWIFT, settlement instructions and settlement best practices
• Working knowledge of Excel
• Technology literate
• Strong interpersonal skills
• Strong communication skills (written and verbal)
• Ability to work in a matrix environment
• Ability to multitask and deliver high quality results in a fast-paced environment
Nice-to-haves
• Project management experience and/or related qualification is useful
Apply tot his job
Apply To this Job
The Director of Derivatives Settlements will be a senior member of the Derivatives Operations team, supervising a team of roughly 10 in a hybrid work model. This role will be responsible for overseeing and supervising daily settlements processes for the Capital Markets Derivatives trading business, as well as providing support for the Derivative business conducted by group companies in New York, London, and Hong Kong. This role will closely partner with Front Office, Back Office, and Technology to deliver on the business objectives.
The Derivative Operations Group supports the post trade lifecycle operation for Capital Markets and is comprised of 4 key functions: Sales Middle Office, Confirmations, Settlements, and Collateral & Margin. The Settlements team actively manages pre- and post-settlement processes and daily financial risks. In addition to daily settlement support, the function is focused on remaining current with industry standards and regulations. The team continues to evolve in its risk-mitigation framework, technology agenda, and metrics enhancement.
This position will primarily be located in our White Plains, NY, office.
Responsibilities
• Supervise and ensure timely and accurate execution of day-to-day derivative settlement activities
• People management promoting a culture of credibility and accountability
• Maintain and ensure compliance with robust policies and procedures
• Understand and ensure compliance with relevant regulatory requirements
• Identification and escalation of open risk
• Work with relevant stakeholders (including but not limited to Front Office, Technology, Compliance, Risk) to deliver against targeted business strategies and initiatives
• Identify opportunities for business process improvements and implement changes to enhance efficiency, scale and accuracy.
• Identify and execute opportunities for change to optimize outcomes, including system enhancements, industry initiatives and new products
• Lead team through internal and external reviews
• Perform ad-hoc requests and other duties as assigned
• Build out functional KRIs
Requirements
• Strong supervisory/managerial experience
• Excellent verbal and written communication skills with ability to articulate concepts and ideas to diverse audiences
• Ability to be assertive with strong influencing skills
• Strong organizational skills
• Effective time management and ability to manage priorities and resources
• Ability to work under pressure and deliver results within tight deadlines/timelines
• Derivative lifecycle subject matter expert
• Ability to identify and assess a problem situation, determine the root cause and propose recommendations and/or solutions to resolve the issue
• Forward thinker who seeks to improve business processes that deliver optimized outcomes in a risk-controlled manner
• Use of independent judgement and decision making to handle team issues within assigned authority
• Track record of delivering process efficiency gains
• 15+ years of experience in Financial Services with strong understanding
• 5+ years of management experience
• Bachelor’s Degree or equivalent
• Knowledge of SWIFT, settlement instructions and settlement best practices
• Working knowledge of Excel
• Technology literate
• Strong interpersonal skills
• Strong communication skills (written and verbal)
• Ability to work in a matrix environment
• Ability to multitask and deliver high quality results in a fast-paced environment
Nice-to-haves
• Project management experience and/or related qualification is useful
Apply tot his job
Apply To this Job