Director of Trade Processing
4 days ago
About the Job
We are looking for a seasoned professional to join our team as the Director, Settlement. In this role, you will be responsible for overseeing and managing daily trade booking and settlement operations for a wide range of financial products.
The key responsibilities include:
- Settlement Operations: Manage daily trade booking and settlement operations across various financial products, ensuring timely and accurate processing.
- Trade Execution: Execute trade processing and settlement functions, including preparing settlement instructions through clearing platforms such as Euroclear, CMU, and Fedwire.
- Settlement Risk Management: Identify and mitigate settlement risks, collaborating with counterparties and business teams to resolve potential settlement failures.
- Regulatory Compliance: Ensure compliance with all relevant rules, regulations, and reporting requirements as mandated by regulatory bodies.
- Team Leadership: Lead and motivate a team to achieve operational excellence and drive process improvement initiatives.
The ideal candidate will have a strong understanding of stock borrowing & lending (SBL) processes, equity derivatives, and delta-one products, as well as proficiency in settlement systems such as CCASS, DCASS, and Euroclear.
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