Vice President - OTC Derivatives Confirmations - Investment Banking

We have opportunity with investment banking in Mumbai.

Location - Mumbai.

Job Description

This is a Vice President role managing a diverse set of functions within the Derivatives Processing Centre. The individual will report to the Executive Director responsible for the Mumbai Confirmations footprint of the Derivatives Processing Centre.

Key Responsibilities:

- Operations Management - Managing a team size 15-20 FTE and responsible for oversight of recruitment, training, appraisals and ongoing development of staff.

- Management oversight of all KRI's and KPIs - 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.

- Project Management- Work closely with the Change Management team to define the business requirements to determine the investment priorities. Ensure deadlines are met and gain business/stakeholder buy-in for the strategy.

- Active member of the OTC Operations 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 across global hubs.

- 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 is viewed as the leader amongst 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, MO, 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 continuously assess client needs and deliver innovative scalable solutions

Teams - Main Duties

- Trade affirmation (EA)

- Electronic trade confirmation

- Paper trade confirmation generation and execution

- Investigate and resolve all differences in a timely manner with clients.

- Liaise with the Desk, Sales team, Trade Support, Settlements and other departments to resolve client queries.

- Manage and effectively resolve all incoming queries from clients within a pre-agreed time-frame.

- Contribute to the specification and testing of improvements for all systems and processes.

- Uphold the controls and procedures for the team, review and update as necessary.

- Prepare Local and Global MIS - Cross train on all functions performed within the team and across the department.

Qualifications:

- At least 10+ years of experience in Operations and Risk Management

- Demonstrated track record of bringing initiatives to timely closure - Strategic thinking and vision

- Ability to manage through a changing business landscape

- Maintains comprehensive understanding of the market, products, and regulatory environment including the implications on the operating environment

- Proactively manage trends and opportunities to improve client service levels

- Strong relationship management and partnership capabilities across multiple constituents

- Leadership with a proven ability to manage, coach, and motivate staff

- Strong influencing and negotiation skills - Provide input to design of new client solutions

Preferred Experience:

- Broad Corporate and Investment Banking knowledge and experience

- Strong knowledge of OTC Derivatives preferably Equities, Rates and Credit asset classes

- Strong Project and People management skills

- Experience of working in overseas location for short period (1-3 years) of time either performing identical or in Operations .

Priya. S