Equity Derivatives Trade Validation VP is accountable for the delivery of the EQD Derivatives Trade Support Activities within the OTC & LD Trade Validation team which processes any OTC & LD Transaction for which terms & conditions are negotiated, with the mandate to ensure that it is correctly represented in the booking system, consistent with the sale and allocated if necessary. They will also ensure that the transaction is correctly feeding FO to BO booking systems Controls and/or processes trade capture in FO/MO/BO systems.
Monitors and processes trade events.
Investigates on trade feeds, confirmations and payments in case of requests raised by other Operation teams.
Responsibilities
Perimeter mandate:
Booking validation of EQD trades at inception and during their lifecycle.
Amendments responsibility as per the Amend & Cancel policy
Implementation of transversal controls complying with new Regulatory constraints
Implementation of transversal controls on booking for derivatives and process improvements
Definition and implementation of remediation plan following potential incidents
Contribution and implementation of transformation projects
Build strong association with Desk Head, Client Representatives, Sales.
Liaison with Associated teams within the Service Control utility to help resolve trade related Fobo breaks.
Liaison with Global Operations lead to drive product strategy, work with Front to back teams to eliminate manual work and increase STP
Controls & Oversight
Design and align process and organization so it is globally consistent
Ensure procedures are updated regularly
Ensure proper segregation of duties and level of controls across Trade Validation teams
Monitor global production of EQD Trade Validation activity
Help to define and implement improved weekly KPIs and KRIS which are globally consistent for the EQD Perimeter showing volume, capacity, STP rate, breakdown by top client including Primary, secondary, associated life cycle events and any reconciliations with defined thresholds.
Provide weekly commentary and analysis on KPIs and KRIs vs Thresholds.
Ensure OPC / Risk-ORC reporting is effected thoughtfully and comprehensively
Follow up on any audit finding and implement corrective action as necessary
Ensure the Control framework is properly implemented for Trade Validation Derivatives activities, promoting awareness and following implementation and sign-off of RCSAs and controls reviews by the team managers
Being escalation point of contact toward the business
Responsible of the global level of service delivered
Build a strong control framework and ensuring strict adherence to controls
Build SME Framework within the teams & minimum 3x3 model for all activities
Effective escalation management and Control mindset
Work with support teams : BCM team to devise resiliency strategy , Risk team to test the controls and build a strong control framework
Technical & Behavioral Competencies Knowledge in OTC EQD Derivative Products
Deep knowledge of Middle Office Support functions
Able to work under pressure
Possess great team spirit but yet can work independently, and is able to train her/his teammates
Confident and possess good communication and interpersonal skills
Project management skills
Specific Qualifications (if required) NA
Skills Referential
Behavioural Skills :
Decision Making
Attention to detail / rigor
Organizational skills
Ability to collaborate / Teamwork
Transversal Skills:
Analytical Ability
Ability to understand, explain and support change
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to manage a project
Education Level:
Master Degree or equivalent
Experience Level
At least 15 years