VP - Derivative Operations - BFSI

VP - Derivative Operations

Responsibilities Management :

- Provide daily oversight and support for team members in order to help them achieve their daily goals and requirements.

- Resolve any daily resourcing issues that may arise.

- Managing Vendor relationship for deployed functions

Control :

- Build and maintain a strong control & risk management environment. Ensure all risks, issues and control gaps are escalated appropriately as per daily procedures ensuring accountability is maintained until resolution.

Commercial :

- Ensure best practice is implemented as part of the Team's daily processing requirement.

- Help implement the department strategy working alongside the local and global teams and Senior Management.

- Manage primary relationships in other regions and resolve any issues that may arise.

People :

- Conduct regular 1 to 1's with staff to address the areas of career development, training, performance and business processing.

Scope and Purpose of the Team's Role :

The primarily function within the team is the completion of daily tasks, including (but not limited to) :

- Substantiation of Dividend/Coupon income accrued against the expected PnL.

- Reconciliation of Trader's Risk products and positions to Firm books and records and investigation and resolution of breaks.

- Monitoring of specific system error queues, which require investigation and resolution to ensure the trade flows downstream.

- Reconciliation of internal interest rate swaps.

- Processing upcoming swaps maturities.

- Investigation and resolution of realized cash flow breaks.

- Production and distribution of swap reporting highlighting specific exceptions that require specific actions to resolve.

The role involves liaising with the regional Equity Derivative Middle Office Teams & Management, the Finance Control Group, IT and other operational support areas to ensure that controls are maintained and breaks are understood and resolved in a timely manner.