AVP - Synthetics Middle Office

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 14 Aug 17

A leading Investment Bank based in Canary Wharf is seeking an experienced individual who has a comprehensive understanding of the Trade Lifecycle and front to back workflow knowledge, as well as proven experience with applications such as Delta-1, Synfiny, Memphis, Intellimatch and various market platforms, to join their equities team. Critical is that the successful incumbent possesses man management skills and has a track record of supervising and developing small teams.

A leading Investment Bank based in Canary Wharf is seeking an experienced individual who has a comprehensive understanding of the Trade Lifecycle and front to back workflow knowledge, as well as proven experience with applications such as Delta-1, Synfiny, Memphis, Intellimatch and various market platforms, to join their equities team. Critical is that the successful incumbent possesses man management skills and has a track record of supervising and developing small teams.

Equities is an expanding segment of the business. Synthetics middle office which is a part of the Equities organisation within Operations is made up of teams in London, New York, Hong Kong, Singapore and Tokyo provide seamless solutions in equities, ensuring clients benefit from local support and expertise as well as proactive management of their issues. Providing outstanding liquidity and offer seamless trading capabilities and transparent pricing for a range of products in Equities. The group provides new product sign off, pre-trade functions (both control & issuance), lifecycle management, query management and reconciliation support to Equity Derivative Trading and Sales teams.

The team is the point of contact for both the Clients and Front Office for a range of trade related issues, and the role is to facilitate resolutions of any problems that arise. The team is responsible for supporting the Equity Swaps, Index/Custom Index Swaps & Portfolio Swaps business.

Function
The role holder will be the central go-to person for support to the Equity Financing Synthetics trading desk from an middle office and infrastructure perspective, assisting with complex client and internal queries, providing SME inputs for new business projects, completion of regulatory and audit related testing and build outs for the Synthetics business. The role holder will have responsibility for day to day Synthetics middle office activities including reconciliation investigations and query management with a view to enhance the control framework through tactical and strategic projects.

Main duties and responsibilities

* Main point of contact for all business initiatives requiring middle office support for the Synthetics business, including new technology platform roll out.
* Collaborate with the business - trading/trade capture teams to resolve issues raised by clients and other Infrastructure teams
* Identify control gaps & process improvement opportunities and work with Change / IT/ other Ops teams to implement the changes
* Manage the daily BAU of team. Responsible for reviewing the delivery vs the agreed SLA's and ensuring cross coverage is in place for all processes.
* Review aged and high risk items across suite of reconciliation and control reports sent by support team in India.
* Responsible for career development of team members

Experience
* Previous supervisory experience to include leading and developing small teams
* Understanding of Equity CFD, Single Stock Swap or portfolio swap
* Comprehensive understanding of Trade lifecycle and front to back workflow knowledge, with exposure to different teams involved globally throughout the trade processing .
* Hands on working knowledge of applications such as Delta-1, Synfiny, Memphis, Intellimatch as well as market platforms such as MarkitWire and the Microsoft office suite, particularly Excel
* Ability to build, maintain and enhance relationships
* Team player with a high level of drive, commitment and enthusiasm
* Good Communicator - clarity, brevity and precision
* Solid understanding of operational risks, ability to spot and articulate issues to senior stakeholders.