AVP - FX/OTC Settlements - Investment Bank

Leading Client is hiring for Settlements role in Mumbai.

Job Description:-

- Process Management: Assist VP in provide functional leadership to the OTC Settlements team in Mumbai including manpower planning, service delivery, operational risk/ loss mitigation, and ownership of all service delivery SLA's. Act as the local subject matter expert on functional aspects of the settlements process and be able to independently trouble shoot problems encountered during the settlement cycle.

- Process Improvements: Act as the change agent for processes owned in Mumbai and identify and implement strategic improvements/enhancements to systems and processes which ultimately drives material economic benefits to the firm and improves the control environment within the settlements function.

- People Management: Build, develop, and nurture the Mumbai settlements team into a best in class settlements outfit across the street. Uphold the people management practices and philosophies of the firm so that we retain our top talent and replace our non-performers.

- Relationship Management: Build and maintain strong working relations with different on shore and off shore teams (like Middle Office, Trading Desks, other Core Ops teams etc.). Also, maintain good rapport with external market utilities like LCH, ICE CLEAR etc.

- Product & Domain Knowledge: Participate and/or lead various strategic - Change the Bank- (CTB) initiatives relating to OTC Settlements and build the functional skills of the team and self. Continuously develop and keep abreast of latest developments with respect to OTC settlements market wide initiatives, like client clearing, penalty regimes, affirmation and confirmation process.

Knowledge & Skills: Required

Strong people management skills

Fostering a culture of relationship management with various cross functional regional teams

Analytical skills and an eye for detail

Proven track record for managing change projects

Understanding risk and controls, legal and compliance requirements

Top notch communication skills

Complete understanding of Front to Bank trade life cycle and associated risk

In-depth understanding of CLS settlements/Marketwire and associated controls and risks

In-depth knowledge of settlements across product classes and markets

Knowledge of regulatory requirements impacting settlements and confirmation will be an added advantage

Qualification & Experience:

Graduate / MBA with 10+ years of experience, bulk of which should have been in managing similar settlement functions within an Investment Bank