Senior Manager of Operations and Settlements
The Company
Robert Half Financial Services Group are looking for a Senior Manager of Operations and Settlements to join an expanding organisation.
The Role
Duties Ensure the effective settlement of trades executed by the proprietary / stock lending trading teams; Ensure straight through processing of above trades, where possible; Ensure actively monitor / manage failing trades; Ensure an effective diary system is maintained for all corporate action events / dividends. In addition ensure that the above are instructed / settled on a timely basis via the relevant Prime Broker / Custodian; Team recruitment: management and development; Development of new members of staff; Anticipation of future staffing requirements corresponding to any new business lines adopts and development of those new members of staff; Ensure process controls are in compliance with company standards; Introduction of new Prime Broker accounts and Custodial relationships; Actively monitor / review service levels provided by Prime Brokers / Custodians; Ensure understanding of settlement practices in all markets in which they operate, or plan to operate within; Supervision of the Operations Manager, the Stock Loan Operations Supervisor, Operations Assistants; Authorised signatory for cash payments from prime brokers and operating expense bank account; Authorised signatory for stock lending payment and receipts relating to fees and rebates with UK stock lending counterparties Review all inventory, cash and accrual reconciliations ensuring exceptions are investigated and solved; Instructs/advises Operations Department the frequency of cash reconciliations of dormant of little used accounts Review and ensure that all exposures with securities finance counterparties are covered daily. If any exposures are in dispute ensure timely resolution; Monitor accruals on a monthly basis to ensure that the cash paid or received is the same as has been accrued Incident Database sign off and monthly reporting Review of the balance sheet accruals Review the month end reconciliation and checks that reconciliations are provided for all cash and stock balances that the Operations Department are responsible for. Sign the reconciliation and tick it off versus the list of reconciliations that he expects to receive at each month end. The checked list is then signed. Year end accrual review Skill Sets Educated to degree level. Advanced understanding of international financial market conventions and operational issues. Advanced understanding of international financing arrangements. Developed understanding of accounting for financial instruments.
Salary & Benefits
£65,000 - £70,000
Robert Half International will only consider applicants who hold the required visas for work in the United Kingdom. Robert Half Ltd is acting as both an employment business and an employment agency.
Salary: £65000 - £70000 per annum
Contact Name: Samantha Bullion
Email: samantha.bullion.28509.559@rhi.aplitrak.com
Phone: 0207 562 6500