Derivatives and Collateral Management, Manager - Associate Director

You will work closely with both internal partners (trading, portfolio management, compliance, counterparty management etc.) and relevant external parties (counterparties, custodians, clearing institutions).

You will lead a UK based team of dedicated professionals responsible for performing all aspects of derivatives post execution processing, ensuring that effective processes and controls are in place.

You will demonstrate credibility with a proven competency and knowledge of the operational and trading activities, as well as drive efficiency and accuracy to reduce risk in our processes.

Responsibilities:

• Lead a team of professionals focusing on accurate and timely transaction processing of Derivatives and Collateral Management, ensuring tasks are prioritized accordingly to meet processing deadlines
• Work closely with front office and business partners to provide daily operational support included but not limited to trade capture, asset set-up, confirmations processing, settlements, failed trade management, payment processing and reconciliation
• Coordinate margin calls and manage the dispute process with each respective counterparty
• Oversee the booking of agreed collateral movements, communication with custodian banks and collateral settlement process
• Act as a subject matter expert on firm's operational workflows and processes for derivatives and collateral, including liaison with BRS in relation to any enhancements to Aladdin to support new business initiatives.
• Assist Operational lead with any Regulatory Change projects impacting Derivatives e.g. UMR, LIBOR transition.
• Take responsibility and provide proactive communication while troubleshooting and resolving issues related to Derivative trade capture, settlements and collateral management
• Identify risk issues and use good judgement in communicating issues to management attention and escalating matters when warranted
• Develop strong client relationships and partner with front office and IT to realize the full potential of operational workflows
• Actively ensure upward and downward communication of developments and issues

Qualifications and Skills:

• Full understanding of different types of products and processing requirements for bilateral and cleared swaps, cross currency swaps, zero coupon swaps, CDS/X, swaptions, TRS, caps/floors, FX, futures and options.
• Understanding of the lifecycle of the trade from execution to settlement, as well as collateral management process
• Solid understanding of operational risks and controls
• Knowledge of connectivity protocols is a plus
• Knowledge of Order Management Systems, in particular Aladdin
• Analytical ability to evaluate the root causes of the problems and aptitude to understand complex workflows
• Able to manage heavy workload, understand urgency, multitask and prioritize to meet deadlines
• Strong teamwork ethic whilst also having the ability to function without explicit direction, challenge yourself to learn new things and continually improve
• Effective communication skills, both written and verbal

Experience:

• 7+ years' experience in financial services
• Recent and relevant experience in Trade Operations
• Strong knowledge of derivatives products
• Experience in team management
• Previous experience in project work

Education:

• Bachelor's degree in Accounting, Economics, Finance or related field