Job description Business type Types of Jobs - Operations
Job title Vice President, Head of MO Support Trading Rates and FX, New York
Contract type Permanent Contract
Job summary Summary The Interest Rate Derivatives and FX Trade Support MO team mitigates operational risk through its functions. It supports and controls the business initiated by the New York IRD and FX Front Office. The team ensures accurate trade capture of Vanilla and Exotic derivatives, FX spot, FX option FX forward in the FO systems, facilitates front to back trade processing, assist and control Trading in the management of their position and exposure, and safeguard systems by monitoring daily activity.
Key Responsibilities MANAGEMENT PRIMARY ROLE
Team management
Maintain a strong relationship and coordination between Front Office, Back Office, IT and head office management
Headcount management
Human resource process tracking (appraisals, training, compensation, etc...)
Develop an effective reporting with the local Head of CMM
Set-up of the necessary and essential controls to ensure reliability, completeness, consistency and accuracy of the FO database
Organize tasks and the set-up of back-ups to ensure business continuity
Activity follow-up and implementation / monitoring of indicators for the different MO teams
Participate as a key element to the new products or new activities implementations
Participate and/or take over (sponsorship) MO projects
Propose actions or processes reviews to improve efficiency and security of trades processing, deals lifecycle management and reconciliation
Maintain procedures
OPERATIONAL SECONDARY ROLE
Ensure the transactional integrity and accuracy of positions across systems used by the IRD business line
Investigate trade discrepancies for prompt and accurate resolution to stakeholders
Facilitate trade modifications in FO systems as requested and relevant
Manage and control trades' life cycle events
Verify modifications of discrepant trades' impact on Risk and PnL, impacts are immediately made transparent to FO
Transmit FO trade documents to Paris BO/MO organizational groups for final trade verification and documentation
Maintain referential data in FO systems
Assist in the identification, specification, and testing of system enhancements
Provide innovative ideas to systematically update controls and procedures to reduce operational risk
Document functions into procedures and ensure information is updated
Escalate issues and anomalies detected
Develop strong relationships with local and global teams
Participate in business projects
Management and Reporting
Provide regular reports to management: KPI's, KRI's, activity/production overview
Propose improvements to streamline processes
Regular team reviews, escalation
Reports to the Head of CMM NY
Salary Range: $120K - $145K
#LI-DNI
Supplementary Information Key Internal contacts Front Office, Middle Office, Back Office
Processing Support, IT
Control and Reconciliation Middle offices, Referential teams
Risk and Market Activity Monitoring teams
Audit teams, and Permanent Control
Key External contacts Clients
Interbanks
Brokers/Dealers
SPECIAL ROLE REQUIREMENTS: Participation in BCP planning and testing
Position location Geographical area America, United States Of America
City NEW YORK
Candidate criteria Minimal education level Bachelor Degree / BSc Degree or equivalent
Academic qualification / Speciality Bachelor Degree / BSc Degree or equivalent
Level of minimal experience 6-10 years
Experience Experience/Competencies - Strong Middle Office / Back Office experience
- Rigour and sense of organization.
- Autonomy.
- Capacity to cooperate / Ability to work across disciplines
- High technical and analytical ability
- Ability to analyse and summarise
Ability to communicate clearly and easily - Sensitivity to operational risk
- Ability to work under pressure
Skills & Knowledge Requirements - Proficient in Excel
- Good knowledge of capitals markets processes
- Good knowledge of rates MO Support IT systems
Skills & Knowledge Desirables - VBA, Macros
- French is a plus
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