Clearing and Settlements Team Leader - EQUITIES - CLEARING AND SETTLEMENTS

We are currently seeking an experienced professional to join our team in the role of Clearing and Settlements Team Leader – Equities Clearing and Settlements.

The ideal candidate should possess a strong understanding of the operational processing environment contained within a Clearing Broker for Listed and OTC Cleared Products and have existing team management/leadership capabilities.

The role requires the candidate to independently work with the local and regional management, team members and stakeholders to deliver a robust and efficient operations function.

Principal responsibilities:

• The role will have direct functional, and entity reports for Cash Management function and will have direct peer interaction with regional entity leads based in the UK & Paris to deliver a cohesive and efficient global operating model.
• The role will have direct interaction with key business stakeholders to develop and lead a regional operating model to support the DCS business strategy and will represent DCS Operations at regional entity based Governance forums.
• Process settlements and investigations of cash collateral and interest distributions (OTC) and margins, price alignment interests, considerations, fees (Futures)
• Perform investigation of accounting breaks associated to Rolfe & Nolan, PPS, APS, NOSTRO and Control/Suspense accounts.
• Prepare and update management information related to cash breaks
• Experience in intersystem reconciliations, client money and other adhoc reporting
• Prepare or check reports associated to funding requirements
• Enable business objectives by exploring solutions for drivers such as netting, follow-the-sun or scalability
• Troubleshoot and apply experience and knowledge in both listed and OTC derivatives, its market and mechanisms
• Perform various functions using CORE systems such as Treats, TLM, Scannor, CSM among others
• Maintain and develop analytics and relevant MI and discuss with line manager, senior management and CCO
• Ensure documentation of changes in procedures and desk instructions done by team

Requirements:

• Candidate to demonstrate high level of diligence, accuracy and awareness of the operational and market control environment.
• The candidate must demonstrate a continual appetite and ability to learn and develop both market knowledge and also personal skills.
• The candidate must demonstrate strong subject matter expertise when contributing to change initiatives.
• The candidate must be equally able to innovate and present ideas for improvement and change as well as accuracy and effectiveness in their day-to-day responsibilities
• Ensure that you have a strong understanding of your role & responsibilities, you are familiar with the procedures, checklists and control and that you proactively manage training through on-the-desk, formal training programs and wider reading & research
• You can demonstrate your commitment to 1:1 meetings, feedback and development and business objectives with your line manager
• Demonstrate examples of active participation in firm-wide training and initiatives
• Demonstrate examples of active participation in department projects, whether during the design phase or the implementation & testing phase