Manager, Derivatives

3 weeks ago


pune, India Northern Trust Corporation Full time

Description

– Division Manager – Derivative Collateral

  Summary: Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions.

Role: Responsible for deliverables in respect of all processing activities of Derivatives Middle Office/Custody Operations executed by the team on a day-to-day basis. Act as a subject matter expert and supports the team in understanding concepts relating to the process. As Division Manager is responsible for implementing team goals and ensuring overall client delivery and day to day process KPIs/KRIs are met, without compromising on quality, timeliness and accuracy. Further, provides input and vision to the senior leadership for strategizing medium and long term plans and vision for the team. Responsible for coaching, mentoring and guiding managers on a continuous basis in order to achieve team and professional goals. Demonstrate strategic and tactical execution competencies.

  Major Duties  

Ability and proven experience of managing large scale complex operations with client interactions and interventions

Demonstrate through example a strong understanding of the Collateral IOO Middle Office/Custody Operations and Domain knowledge

Conduct regular feedback sessions with direct and indirect reports

Responsible for completion of Performance Management process in a timely manner as per the firm’s policies, guidelines and procedures

Solution oriented and get to the bottom of problems by root cause analysis implementing effective controls

Ability and experience of leading large scale changes and oversee smooth transitions

Ability and experience of leading new processes migrations and client on boarding with the required levels of diligence and documentation

Participation in Audits/ BCP exercises as per the firms guidelines, review observations and closure

To Build and own culture of resilient, Risk/ BCP/ Compliance framework

Identify opportunities for synergies, performance enhancement opportunities and risk mitigants on a continuous basis.

Manager of Managers, driving a shared vision of Global Collateral Management teams at the Bank

Participate in new business/client presentations, RFP responses, and other client presentations as required.

Sets priorities based on strategic direction, considering multiple perspectives and interdependencies with other areas; helps others manage competing priorities.

Budgeting and proposing staffing needs, including hiring and performance improvement decisions, handles salary administration, and ensures resources are available to accomplish priorities

Creates efficient and effective growth opportunities for self and team that build on merit based culture and address weaknesses

Knowledge/ Skills

Interpersonal (relationship builder, respectful, resolves problems, people friendly and organizational savvy)

Communication (presentation skills, listening skills, oral communication skills, allows others to express themselves and written communication skills)

Self-management (adaptability and resilience, learning behavior, integrity and ethics and relationship builder)

Motivation (performance standards, achieving results and persistent)

Client Service and Quality (quality, relationship building and client satisfaction)

Administration (anticipates needs, execution, planning, process specialist, quality seeker and time management)

Role requires managing a team working 24*5, candidate should be flexible working in any shift as per the process/team requirements. Candidate may be required to work in NA shift as a part of the profile to provide managerial coverage to the team

Excellent demonstrable understanding of Collateral Management across Active and Passive Collateral Management functions

Extensive exposure and hands on experience in the areas of Derivative Trade Capture, Pre-Settlement Confirmation and Settlement processes involving interaction with counterparties and clients

Extensive exposure to SWIFT messaging and Payments processing

A detailed understanding of Collateral management and Settlement will be an advantage

A proactive approach to problem solving, taking ownership of issues and having the determination to follow through. Escalate issues as appropriate

Detailed understanding of Exposure and understanding of Risk, Audit and Compliance factors

Self-driven and an accountable approach to be demonstrated

Leadership with right sense of urgency and the ability to shoulder multiple responsibilities

Lead and actively participated in cross team / BU / functional level projects

 Experience Required

Industry experience of at least 15+ years in the IOO middle office functions, Settlements, Securities Operations with extensive exposure to Collateral Management/Derivatives is required. The candidate should have managed teams for at least 10 years in his/her previous association. Internal candidates should be at the Vice President role for two years 3 years as Operations Manager.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.



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