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Deputy Operations Manager

  • Location

    London

  • Sector:

    Operations & Middle Office

  • Job type:

    Permanent

  • Salary:

    £65000 - £80000 per annum

  • Contact:

    Scott Duerden

  • Contact email:

    scottd@kennedypearce.com

  • Job ref:

    SDDMOGI01_1660038494

  • Published:

    about 2 months ago

  • Startdate:

    ASAP

Prestigious International Bank based in the West End of London, are looking to recruit a Deputy Operations Manager. This is very much, a hands-on position, you'll be expected to fully understand, to an advanced level, all aspects of Operations including both Asset Management, Treasury and Banking. The role will further require a thorough understanding of all products as well as the interaction between the business, other support areas and Operations in addition to being a specialist in the delivery of all support services for the Asset Management and Treasury business. Hybrid working on offer!

Main responsibilities will include;

  • Processing and controlling the daily workflow of all Securities transactions executed by Financial Markets on behalf of Discretionary and Fund business lines including: Instructing, confirming and settlement of trades, Fails Management, Capital and Income Corporate Action events, Dividend and income administration, Static data maintenance and Stock and cash reconciliations
  • Managing the EMIR, MiFIR and SFTR related reporting exceptions including enhancements to support new funds and instruments
  • Processing of Trade Finance transaction cycle processing for Discretionary and Fund business lines
  • Understanding and ability to fully support the Treasury and Banking settlement processes under our client's outsource provider
  • New instrument evaluation and testing
  • New fund process mapping and testing
  • Ensuring that Operational Resilience and Important Business Services are fully supported in line with regulatory requirements
  • Representation at key working groups and committees
  • Ensure that all work processes are performed in line with operational procedures in a timely manner and controls are maintained
  • Ensure the Department procedures are complete and fully up to date with current work processes and are read and understood on a regular basis.
  • Be fully aware of all market deadlines and products supported by the Department.
  • Ensure that key controls are identified in mitigation of risk, fully documented, performed and understood and regular reviews are performed.
  • Undertake project tasks to support on-going system upgrades and implementations that are associated with the processes of the Department
  • To be aware of regulatory and/or market developments applicable to your areas of responsibility.
  • To ensure that you are aware of and understand the Business Continuity processes within your area of responsibility taking part in any relevant tests on an ongoing basis.
  • Achievement of business or learning objectives as agreed with the Head of Operations.
  • Communicate ideas and give recommendations to the Head of Operations on increasing efficiency, reducing operational risk and costs.
  • Undertaking any other reasonable duties as required by the Head of
  • Ensure that monthly departmental statistical information is generated, verified and delivered to the Head of Operations within 5 business days following the month end date.

To be considered for this position, ideal candidates must have the following experience and skills;

  • Industry recognised qualifications related to the Securities Market - Investment Operations Certificate (CISI) or ESG Responsible Investment (PRI)
  • Processing - Minimum 7 years experience covering all aspects of both Securities and Treasury settlement processing
  • Project Related - Performing system validation tests and business impact analysis in support of key change demands
  • Regulatory Reporting - Understanding and reporting of: MIFIR for securities and derivatives, EMIR for derivatives, SFTR for financing and Post Trade for all relevant transactions

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