Vice President - OTC Derivative - Bank

OTC Derivative (VP) - (PUNE)

Experience 10 - 12 Years

Domain Banking/Financial Services/Insurance

Annual Salary 50 LPA ( INCLUDING 10% VARIABLE) INR

Work Location PUNE, Maharashtra, India

Diversity Type FEMALE

Client Details

Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.

Our Diversity:

We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.

Our Benefits:

Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility then please discuss this with us.

Job Description

What we- re looking for:

- Relevant years of experience in a banking operations

- Relevant experience in a Senior Operations Manager role

- Degree educated

- The candidate should have a history of cross operational expertise with detailed knowledge of trade processing and settlement process.

- Strong understanding of the end-to-end processes in the Confirmations and/or Settlements

- Proven track record at managing diverse teams

- Strong communication skills, fluent in English

- Ability to run and manage large teams

- Ability to lead from front and also act as key team player

- Strong people management skills

- Strong Risk and Control focus

- A high level of focus on strategic vision

- Strong understanding of relevant and up-to-date technical knowledge, applications and techniques.

- Lead, manage and provide functional supervision settlements team/s in the Fx and Derivative products. The primary focus is to ensure that all activities are met according to pre-defined SLA, monitor and escalate key issues to the appropriate representatives

- The role holder will be required to partner the Business Engagement lead on DFX queries and escalations and drive pro-active partnership with the IB business and external parties through product and process expertise aligned with collaboration with functional leads.

What will you be doing?

- Ownership and accountability of the Derivative and FX trade settlement and or confirmations.

- Will be responsible in ensuring timely settlement of time critical payments which may include vendor, internal and external payments

- Build and maintain appropriate BCP and Operational Transference programs.

- To review and own key risk and control issues, driving continuous process improvement and technical understanding of a high risk operational process.

- To interact with senior management to ensure transparency and smooth delivery of business requirements

- Will be responsible for supervising the overall service delivered to the business and manage both the risk and strategy to maintain an effective business delivery

- Will be responsible to ensure KRIs are monitored, managed and escalated appropriately

- Will be the key DFX point of escalation and engagement relating to Controls and governance, change strategies and Tech automation.

- Development and implementation of department wide policies and procedures, and responsibility for directing day-to-day operations

- Ensure all applicable governance, compliance, risk policies and procedures are adhered to and a mechanism exists to promote escalation by staff where appropriate.

- Continual review of existing processes to ensure exceptional performance, efficiency and risk management. Carry out complex analysis to identify innovative ways to improve straight-through processing, client experience, performance against regulatory targets and the firm's standing against its peers.

- Active member of the DFX management team. Full participation in discussions regarding the global footprint, and the strategic direction of the group as a whole. Leadership and involvement in firm wide people initiatives, with particular focus on the development and replication of these initiatives in Chennai.

- Active participation in external market developments and initiatives. Detailed understanding of changes within the regulatory environment and the expected impact on the functions under management. Firm representation at relative industry forums; ensure Barclays is viewed as the leader among-st its peers and driving change within the industry.

- Effective management of operational costs to ensure the function is performed within budget. Proactively identify opportunities to lower operating costs, whilst maintaining performance.

- Foster strong working relationships with both internal (i.e. FO, Audit, Compliance, Legal and Finance) and external counterparts (i.e. Regulators, External Audit and Vendors). Confident communication (written, verbal / presentations). Effective management of key client relationships and promotion of client Operations as a differentiating factor from its peers

Diversity: This role is for female candidates only

Target designations: She should currently be at VP designation or 3 years + tenured AVP.

Target companies: Investment banks.

Hierarchy: She will report to Senior VP.

Experience: Mandatory 10-12+ years of relevant experience

Relevant experience:

- FX

- Investment Banking Operations

- end-to-end processes in the Confirmations and/or securities and cash Settlements

- settlement of trades for products such as OTC

- Equity. Bonds, Repo, Exchange Trade Funds, Stock loans,

- Trade processing and settlement

- Understanding of Continuous Linked Statements, Exchange & related Market Regulations

Job stability: There shouldn- t be more than 3-4 job hops in span of 10 years. If there are, please specify why.

Regions to be handled: Pune and Chennai.

Travel: She must travel to Chennai according to the projects as she will oversee both locations

Shift: (6:30 A.M - 3:30 P.M) Pick & drop service or travel allowance will be provided.

Technicalities: Should have strong product knowledge with up-to-date technical knowledge, applications and techniques.

STRICT NO to manager or senior manager level candidates.