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My client, a tier 1 investment bank, is looking to recruit a high quality AVP level candidate to join the Collateral Management and Margin Services function, within the Risk and Disputes team. The role requires someone with extensive business knowledge, analytical and relationship skills, strategic mindset and the ability to help drive the build-out of the function as well as support the broader department and organisation objectives.
The team is also responsible for developing best practice to meet industry and client demand, driving compliance with the growing market and regulatory requirements, and building a scalable Enterprise Collateral framework for future that is best-in-class for future operations.
The Collateral and Margin Services is a business and risk aligned function responsible for managing collateral exposure and regulatory margin commitments across a range of products and sectors to help minimise credit, market and reputational risks associated to trading and business activity. Focus is to ensure high levels of operational control across processes, a proactive approach to managing risk and improving processes, and to partner closely with business and infrastructure teams to support the efficient use of capital and balance sheet resources for the firm.
Key Accountabilities * Ensuring effectiveness of Global Dispute and Portfolio Reconciliation function to protect the firms risk. * Delivering CFTC & EMIR regulatory compliance, reduction in RWA's and enhancing existing control framework in trade level exceptions. * Ensure a robust risk and control framework is in place across the group with clear management information, escalation and analysis where required. * Represent Global Dispute and Portfolio Reconciliation function on internal meetings and forums. * Represent the company on industry working groups; provide summary of key points back to internal stakeholders, and coordinate resolution of any questions/actions. * Lead the adoption and implementation of upcoming Regulatory Uncleared Swap Margin Rules for Global function. * Play an active and leading role on industry initiatives including design and build of Industry Collateral Hub to provide day to day efficiencies. * Develop the market relationships with clients, counterparts, peers and industry groups to support above. * Partner with colleagues in IBMO, COU, Operations, Finance, Risk & Legal functions in a Global context to drive delivery on key business initiatives and objectives. * Lead the build-out of a robust operations team supporting processes globally across underlying products including the strategic development of processes and furthering client service opportunities. * Own people management including attracting, developing and retaining high performing staff and teams. * Propose and drive efficiencies, process improvements and risk management initiatives across function(s) * Actively contribute to and help lead the definition and shape of the global collateral and margin services function and needs.
This is a challenging role requiring the successful individual to partner, coordinate and drive progress across global teams and different business areas as well as partner closely with key stakeholders and colleagues around the firm. This also presents an excellent opportunity to join a market leading organisation and business area and play an active part in driving the long-term development of the function in an area that is key to the future success of the financial services sector and at the heart of industry development and regulatory focus.
Preferred Qualifications * Direct functional experience of the relevant businesses, products and functions (including Collateral, Credit Risk, Valuations) or equivalent business facing exposure in a complex risk orientated function. * Broad business and operational knowledge across markets and asset classes is valuable. * Strong approach to risk management and awareness of control across BAU and change programmes. * Track-record of delivery in significant business-facing roles. * Experience of working with external providers, partners and regulators is a plus. * Credibility and influence in order to proactively manage diverse internal stakeholder groups. * Experience driving process reengineering and improvement and leading strategic change across major areas and operating teams. * Understanding of commercial dynamics around business. * Disciplined and structured approach to project and programme management. * Excellent interpersonal skills including relationship management, communication and teamwork. * Strong analytical and problem-solving skills.