Derivatives and Collateral Management, Manager - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

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 setup, 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
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: