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Our client, a leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. They provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Organization Overview:Major Global Bank's Market Operations group is a a dynamic, global, and diverse Organization, with a presence in over 60 Countries; covering all front post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative & Commodities Operations. We support an extensive range of Capital Markets products and services including Fixed Income (FX, Rates, Credit, Muni, Cash and Derivatives) where Client is consistently a dominant top 3 player in the market, Equity (Cash, Derivatives, Prime Brokerage, Futures, Listed Derivs, FXPB) where Client has a significant growth program to continue to build out its capabilities and services; and Syndicates where we support both FI and EQ new issues and IPOs.Our Operations groups are core to the success of the Markets business and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders including Front Office Sales and Trading Desks, Compliance, Legal, Finance and HR; alongside having significant interaction with our external client base, playing a key role in the overall client experience. We have a Client relationship group, dedicated to overseeing the Organizational service performance and strategic partnership for our top tier client base, where we play a key role in supporting our global clients to ensure they have a first-class experience when doing business with the Major Global Bank.Our Business Intelligence and Process Re-engineering group works alongside our Operations teams delivering automation solutions to solve for operational challenges. We partner with Client's innovation labs to drive optimization, and overall play a pivotal role in enabling us to transform to achieve our target operating model.Our Technology partners develop and implement a wide range of applications that support the Operations, Change, Design and Implementation groups in providing innovative products and solutions. Job Purpose:This is a Middle office and Reconciliations role within the Markets Operations Organization. This is a great opportunity to join a new, high profile and energized team providing daily support to our Global Markets Businesses trading Over the Counter (OTC) derivative transactions.This newly formed team helps to oversee the completeness of bookings, postings and flows across our Trading desks and Central Counterparty (CCP) clearing Houses. The team is critical in completing daily reconciliations to ensure balances tie out and there are no breaks across our processes and flows across the lifecycle of the trade.You will play a pivotal part in helping to support the lifecycle of a trade. Working closely with Business partners, and internal stakeholders to ensure all transactions flow through our front to back Operations teams, with no issues.You will develop a broad and detailed understanding of the Organization's landscape, culture, processes, and Technology.You will have the opportunity to recommend creative suggestions on how to improve processes to minimize losses from failed internal processes, inadequate controls, and emerging risk better serve our Clients Risk Management:Exception and breaks management and resolution through the lifecycle of a tradeUnderstanding and confirming books and records postingsAnalysis, escalation and resolution of breaks / risk with Senior ManagementExecuting critical core operations activities to maintain a culture and environment where processes, risks and controls are continually monitored, and potential risks escalated on a timely basisFacilitating risk close out for market transactions, as an invested Operations partner and advisor for the Organisation.Daily Collaboration across Global Trading, and Operations teams to provide solutions and identify/resolve root cause.Acting as key point of contact for the team across internal and external stakeholdersIdentifying trends, synergies and weaknesses across products and regionsRecommending control enhancements as neededOrganizational Transformation:Providing input to simplify, improve and measure processes by delivering enhancements to the control environment, and the trade journey with input to design techniques and digital automationProviding valuable input into strategic platform re-engineering initiatives, reducing manual touch points and aligning tech delivery vs. business goals and wallet share optimizationProviding input into initiatives to continuously improve straight through processing (STP) rates, including innovative re-engineering techniquesOur roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace. We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuous evaluation of our controls; to protect our clients, the firm, and our reputation.Qualifications and Skills:• BS/BA degree or equivalent work experience preferred• Experience in Tier 1 global financial institutions preferably with experience in Operations preferred• Derivatives, OTC Derivatives, Futures, Break resolution, Reconciliations, Controls, Middle office, Equities or Fixed Income experience• Energetic, flexible, collaborative, and proactive; an individual who is positive• Strong risk management and control mindset• Self-reliant, good problem solver, results oriented• Ability to establish and build trust with professionals throughout the business as an advisor and business partner to the organization.169200 Please see our complete list of jobs at:www.rmscorp.com- ID: #49962252
- State: New York New york city 10013 New york city USA
- City: New york city
- Salary: Depends on Experience
- Job type: Contract
- Showed: 2023-05-19
- Deadline: 2023-07-17
- Category: Et cetera