Head of Derivative Settlements

Head Of Derivative Settlements

The Head of Derivative Settlements will be a senior member of the Derivative Operations team, supervising a team of 15 in a hybrid work model. The Head of Derivative Settlements will be responsible for overseeing and supervising daily settlements processes for the Capital Markets Derivative and FX trading business, as well as providing support for the Derivative business conducted by group companies in New York, London, and Hong Kong. This role will closely partner with Front Office, Back Office, and Technology to deliver on the business objectives.

The Derivative Operations Group supports the post trade lifecycle operation for Capital Markets and is comprised of 5 key functions : Sales Middle Office, Confirmations, Settlements, Margin and Client Service Operations. Settlements actively supports pre and post-settlement processes and daily financial risks. In addition to daily settlements support, the function is focused on remaining current with industry standards and regulations. The team continues to evolve in its risk-mitigation framework and technology agenda.

This position will primarily be located in our White Plains, NY, office, however the role will also require a presence in our Manhattan office.

Role Objectives

• Supervise and ensure timely and accurate execution of day-to-day Settlements operational activities
• People management promoting a culture of credibility and accountability
• Maintain robust policies and procedures
• Understand and ensure compliance with relevant regulatory requirements
• Identification and escalation of open risk
• Work with relevant stakeholders (including but not limited to Front Office, Technology, Compliance, Risk) to deliver against targeted business strategies and initiatives
• Functional assessment identifying and executing opportunities for change to optimize outcomes
• Lead department through internal and external reviews
• Perform ad-hoc requests and other duties as assigned
• Build out functional KRI's

Core Competencies

Qualifications and Skills

Ability to multitask and deliver high quality results in a fast-paced environment