VP - Middle Office - Investment Banking Operations

Middle Office

Investment Banking Operations, provides support to a wide range of external and internal businesses. It also provides the best-in-class operational processing capabilities across all asset classes.

The team has responsibilities for supporting the sales and trading activities across the globe from a Reconciliation and Control perspective. The team's main goal is to maintain daily controls and pro actively improve processes- controls.

We are specifically seeking people who have knowledge in trade support and control with.

Product Coverage

Derivatives, Securities, Bonds, Convertible bonds, stock borrow and loan, equity swaps, interest rate swap, OTC options, FX, Listed Options, Futures, Forwards, Variance Swaps, CDS and other Structured derivative products.

Roles & Responsibilities

- Maintain oversight of daily controls and reconciliation functions for derivative & cash trades

- Investigate exceptions and liaise with multiple teams across Front Office, Middle Office, Back Office and technology teams to get the exceptions resolved

- Perform root cause analyses on new issues or control gaps

- Escalate issues for any urgent matters or assistance

- Overseeing the data gathering process, analyze the data and report MIS utilizing the various data source

- Produce time sensitive daily reports with actionable data to Front Office, Middle Office or Back Office for break resolutions

- Provide detailed business control metrics to management on a daily basis

- Build and maintain strong working relationships with all global teams and be an SME on Reconciliations and Controls

- Continuously participate in projects involving; new product rollout, new system implementation, process improvements, etc

- Ensure all controls and checks are completed on End of Day

- People management and ability to drive large program initiatives.

Skill sets Required

- Proven management record

- Strong product knowledge; thorough understanding of the end to end transaction cycle for derivative products

- Excellent verbal and written communication skills. Individual should have been in a role that required daily and extensive communication directly with FO Sales & Marketing groups

- Ability to drive results through a "hands-on" approach

- Ability to work in a high pressure environment with time critical deliveries

- Control mindset to identify process control gaps, prioritize & mitigate operational risk

- Excellent time management skill and ability to prioritize work effectively

- Proactive in problem solving and developing solutions.

- Ability to respond to a changing environment.

- Be innovative and suggest system improvement capabilities.

- Ability to multi task, ensuring the trades are booked correctly, breaks are resolved and MIS being sent to managers on deadlines.

- Solid business judgement and positive attitude

- Creates and/or contributes to an environment of collaboration and mutual responsibility

- Good understanding of downstream impact of actions undertaken, particularly the requirement for strong and timely controls throughout the life cycle of the trade

Other Requirements:

Min Required Qualifications / Experience

- Graduate with 8-10 years of experience in an investment banking environment, preferably in Middle Office / Trade Support

- Degree holder in Finance / Economics or other related disciplines (preferable)

- Strong proficiency with PC software. Knowledge of MS VBA and SQL would be an asset