The Supervisor of Derivatives & Settlements will be responsible for managing day-to-day activities of the Derivatives team while creating strategic partnerships with applicable business units in an effort to translate business strategies into Derivatives operational imperatives. Will also act as a liaison to external organizations from a technical, regulatory and association point of view.
Provide strategic and day-to-day team leadership to Derivatives team focused on:
* Futures and Options trade processing (trade confirmation, security setup, Bloomberg pricing validation, send trade allocations and reports to executing and clearing brokers, generate variation margins, reconciling margin breaks).* Working with custodians and clearing brokers to resolve collateral fails and variation margin breaks.* Monitoring and processing option expiries (option exercises and assignments) \u2013 determine whether options are ITM/ATM/OTM; reconcile holdings and assigned contracts with clearers, post trades and notify all concerned parties.* Swaps Trade processing \u2013 confirm trade details and terms with counterparty, set up and send term sheet to custodian and counterparty with trade allocation, manually adjust trade price if necessary, posting and sending trade tickets. *
* Participates in complex swap and option structure valuation discussion across functional groups.
* Represent the organization internally and externally as a subject matter expert in and provide support for and effectively communicate* * * Derivatives initiatives and goals to staff within the group and related departments.
Manage relationships with clients and assure that existing customers of the business are satisfied from an operational perspective. Ensure that existing customers internally are satisfied from an operational perspective. Attend to all client requests to make sure that quality and client satisfaction are maintained.
Provide broad overall staff direction to ensure synchronized teamwork that accomplishes yearly and quarterly financial and operational goals and objectives.
Challenge staff in the department, provide leadership for growth and development of staff. Training and development initiatives will also be needed in the near future.
Anticipate and provide solutions to the most complex business and securities operations problems. Strategize with technology to devise and implement solutions to drive better operational systems and support.
Work with portfolio management, product development, systems and/or compliance staff to develop procedures and protocols that support new or enhanced Derivatives products and services.
Spearhead special projects and task force assignments. Provide leadership in areas specific to Derivatives division.
Monitor derivatives industry best practices and apply to internal process accordingly, updating procedures as needed.
Monitor external operational and regulatory guidelines and assure the Firm\u2019s adherence to required securities laws.
Five to ten years of Derivatives operations experience with an emphasis in Derivatives including more complex Derivatives products/instruments.
Familiar with Bloomberg BLP functions and various fixed income screens (especially swaps and commodities), advance MS Excel skills (pivot table, complex formulas and macro scripting) MS Access.
Detail oriented, energetic, ability to work and adapt in a fast-paced environment; ability to decompose structured products to understandable economic terms and articulate strategies to banks and third parties to ensure proper accounting, pricing, and settlement.
Comprehensive knowledge of investment products and services, securities processing, and information systems.
A minimum of five years of operations management experience with a well respected financial services buy-side institution
Experience overseeing investment support staff members and mobilizing efforts to support investment management strategies and overall operational needs.
Diverse product knowledge coupled with experience in building new product support operations.
Strong systems expertise and intuitive approach to technology; excellent command of investment support related applications.
Academic Qualifications (minimum requirements):
Equivalent of a B.S. degree in Finance, Accounting, or related field. An MBA, CPA or CFA is a plus.
Website : http://www.westernasset.com/
Western Asset is one of the world's leading fixed income managers. From offices in Pasadena, Hong Kong, London, Melbourne, New York, São Paulo, Singapore and Tokyo, the company provides investment services for a wide variety of global clients, across an equally wide variety of mandates. By devoting all of its resources to fixed income, Western Asset can provide a full commitment to clients of all types. This focused approach has generated positive returns in a variety of products with varying risk disciplines. Western Asset's long performance track record and global presence have positioned the company to continue its commitment to excellence in fixed income investment management and client service.