AVP - Derivative Confirmations

Key Accountabilities & approximate time split (%)

(Ideally 4-10 points, or headings with sub-points. Quantify where possible e.g. cost/income budget, no of subordinates, likely no of yrs/mths to complete longest task. Could note key external/internal lateral relationships) Manager's Main Duties

- Responsible for recruitment of staff and ensuring that all new joiners undergo standard training on derivatives products and processes

- Setting staff objectives for ongoing staff development and conducting appraisals

- Responsible for directing the day-to-day operations for the team, including:

Allocation and oversight of daily tasks.

Production of team MIS with detailed commentary for management reporting

Management oversight of all KRI's and KPI's and addressing all high-risk metrics promptly

Extensive knowledge of derivative products and the front-to-back processes within Post Trade Services, and ensuring that the knowledge is shared across the team

Ensuring all applicable governance, compliance, risk policies and procedures are adhered to

Oversight of UAT to ensure that quality testing is completed and all issues for the team are resolved

- First level management escalation point for all high priority issues

- Key representative from the department to engage in strategic initiatives discussions with colleagues globally and communicate the expected requirements and impact for the team.

- Continual assessment of existing processes to identify innovative ways of improving team efficiency and client service

Spearhead the process improvement initiative and carry out complex analysis to identify innovative solutions to deliver financial benefits for the firm

Confident communication and presentation skills required to present the business case to senior management. Justify the initiative with cost savings to ensure management buy-in and ultimately the implementation of change.

- Work closely with the Risk & Control function to address any control gaps identified and implement controls to mitigate the risk

Foster good working relationships with internal counterparts (i.e. Desk, Sales team, Trade Support, Confirmations, Legal, Finance) and external clients

Teams- Main Duties

- Trade affirmation

- Production of ISDA paper trade confirmations for all vanilla and some complex Interest Rate and FX Derivative trades.

- Incoming validation and matching of paper and electronic trade confirmations, including Swift and DSMatch.

- Ensuring the firm is fully compliant with regulatory confirmation timeliness targets.

- Responsible for the effective management and resolution of all affirmation and confirmation discrepancies.

- 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.

Person Specification

(Personal attributes essential to performing role: e.g. skills, competencies, expertise, knowledge, experience. Note: experience not to be time-bound) - 5-7 years experience in a banking operations.

- 2-3 years of management experience with proven track record at managing diverse teams. Degree Educated

- Strong communication and negotiation skills, to liaise effectively with internal and external clients.

- Fluent in English.

- Strong Risk and Control focus

- Extensive knowledge of the Derivatives front to back process across multiple Asset Classes.

- Highly numerate with analytical problem solving ability.

- Results Driven.

- Commitment and loyalty to the brand.

- Self Starter / Ambitious

- Innovative with a proven track record of implementing change to drive process improvements

Shift time is based on US shift