Leadership Role - Operations Leader - OTC Derivatives - Capital Markets

Job Description-

This Operations leader in this role will be responsible for core OTC Derivatives Operations teams in India spread across Gurgaon and Hyderabad responsible for Confirmations, Settlements and post settlements processes and provide utility OTC derivative confirmation and settlement services for non FICC businesses by working in partnership with global process owners and report into the FDCO- Global Markets Leader in India.

She/he will be a key member of the FDCO India Leadership team. The Leader will be managing large teams (~150 - 200) with operations functions that typically have a high level of regulatory risk, client servicing, monetary exposure and reputation/financial loss due to transaction nature and daily production windows, which can impact client relationships.

- The candidate needs to have a strong understanding of the Trade Life cycle with adequate experience in OTC Derivatives operations processes

- Ensures timely and accurate confirmation of OTC Derivative transactions across multiple asset classes via electronic and paper flows

- Manages and mitigates the risks of transactions that remain unconfirmed ddelivering to a set of aggressive internal and external regulatory targets.

- Ensures timely settlement of cross asset class derivative cash flows with clients.

- Ensures timely and accurate reconciliation of settlement activity

- Manages the risk associated to unsettled transactions.

- Drives process improvements, industry initiatives impacting settlements and STP initiatives.

- Develops and implements new processes, systems and participates in strategic planning. Continually reviews roles and responsibilities with Understanding of regulatory and operational risk associated with core processes.

- Ability to manage, coach and mentor large teams comprising of SMEs, the candidate will be expected to understand and challenge team procedures to continually improve and build our operating model

- Deliver best practice operating model

- Responsible for budget/expense management, reporting and forecasting for operations areas managed.

- Responsible for staffing, performance management, talent management and compensation decision making.

- Should possess a beginner's mind set and analytical ability of evolving processes

- Ability to build and manage relationships with varied functional stakeholders globally

COMPETENCIES:

Strategic Thinking

- Focuses strategies on delivering superior value to clients

- Translates strategies into plans that can be effectively executed

Business Results

- Anticipates risks and obstacles and devises plans to manage them

- Pursues aggressive goals and continuously raises performance expectations to achieve excellence

- Appreciates the cost impact of actions and is commercial in decision making

- Promotes continuous learning and development

People Leadership

- Encourages and listens to the contributions of others in order to reach the right decision

- Makes sure there is a frank and open exchange of ideas among team members

- Makes decisions based on what is good for the whole organization, not just his/her business unit

Personal Effectiveness

- Takes personal ownership for delivering superior services to clients

- Makes tough decisions when they are needed and acts quickly in getting things done

- Demonstrates the courage to express or defend unpopular decisions

- Maintains a constructive, positive outlook even when plans are thwarted

Planning and Organization

- Manages own time well, agreeing priorities. Multi-tasks effectively, work well under pressure and meets tight and changing deadlines.

- Organizes and runs effective meetings and workshops

Communication Skills

- Communicates clearly and concisely, verbally and in writing, at all levels within the organization

Requirements-

Education- B.Com or MBA Finance

Experience Range- Overall experience of 20+ years with at least 14+ years of experience in Global Markets preferably in Derivatives operations within an Investment Banking environment

Mandatory skills-

- Strong communication & negotiation skills across all levels of seniority including especially with the Trading desk

- Ability to work autonomously and deliver results in a high pressured environment

- Logical approach to problem solving and ability to priorities multiple tasks

- Proven analytical skills including data reconciliation and interpretation

- Strong attention to detail and accuracy with an ability to notice minor discrepancies / issues

- Ability to identify and deliver process improvements

- Relationship management skills

- Stakeholder management

- Structured and logical thinker

- Strong assertiveness, listening, influencing and diplomacy