We are a financial services recruitment and staffing firm in the Los Angeles area.
Web site is: www.wallstreetpersonnel.com
This is a nationwide search and firm will provide relo assistance.
We have a top client seeking an AVP level to join their Trade Derivative & Settlements team.
Responsible for ensuring all trades are posted correctly and confirmed with the counterparty on Trade Date.
They work closely with Trustees, Custodians, Clearing agents and clients to ensure accurate posting and settlement of all trades.
The Settlements team AVP is responsible for overseeing a regional settlements team through an outsourcing relationship.
They work closely with in-house and external legal counsel to complete documentation for all physical settlements.
Additionally, they are responsible for managing collateral, all physical security holdings, and are involved with monitoring counterparty risk.
The settlements team AVP works closely with the Front Office as well as all other Back Office departments.
The AVP of Settlements will also be responsible for managing ad hoc projects.
– Responsible for defining and documenting industry best practices for trade posting, confirmation and settlement of all bond, equity and derivative trades as well as collateral and position management.
* Responsible for cross training both internally and our external partners * Responsible for implementing daily oversight and controls to ensure that all processes and procedures are completed timely and accurately through checklist and regular metrics.
* Responsible for streamlining the collateral management process and reviewing daily margin requirements and funding instructions.
* Responsible for trade confirmation, failed trades and outstanding claims oversight.
* Responsible for handling all escalations both by internal parties and external partners.
* Review processing and documentation relating to the entire lifecycle of derivatives from initial trade posting and confirmation, through credit events, interest payments, and quarterly rolls and unwinds.
* Act as liaison between the front office and external partners, including custodians and brokers.
* Manage all front office communication.
* DEGREE
7 –
– 15 years of related experience.
Management Experience
– 5 years.
Extensive knowledge of SWIFT Cash and Trade Messaging * Extensive knowledge of DTC, Euroclear and Clearstream trade settlement * Extensive knowledge of Bloomberg and DTCC DerivServ * Knowledge of Omgeo Oasys and Alert * Highly proficient in Microsoft Excel – knowledge of formulas a must (e.g.
* “vlookup”), Microsoft Outlook, and Microsoft Word * Knowledge of Bank Loans a plus * Project Management proficiency is a must
Deep practical experience and current on OTC/Exchange traded derivatives and collateral management industry initiatives
Experience working with third party collateral management systems
Experience working with CLOs, CDOs, hedge funds or private equity a plus
Understanding of basic accounting theories
Active participation in industry committees
Project management experience is required
Corporate Actions experience a plus
Job Type: Full-time
Experience:
Trade Settlements: 7 years (Required)
Derivatives: 7 years (Required)
Management Experience: 5 years (Required)
Education:
Bachelor’s (Required)