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Job Details
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| Equity Derivatives Confirmations Supervisor |
| bs/f4d02ed4/00051714 |
| RBS |
| Derivatives |
| Negotiable |
| Manchester - UK |
North West
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| Permanent |
| 12/08/2011 20:53:00 |
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| Job Description |
Job Description
RBS are recruiting for a candidate to join the fast growing Equity Derivatives Operations team-
The successful candidate has the opportunity to be part of an exciting period of growth in all areas of Derivative Operations, a team which is being enhanced to support ambitious business revenue targets- The Equities Derivatives Operations Team consists of Equity Derivative specialists split between our London, Manchester and Singapore operating centres, supporting Exotic and Vanilla Trading respectively- This role is to Supervise the Incoming Confirmations/Affirmations and Flow Documentation teams- This team is responsible for; (i) ensuring that the firm retrieve executed documentation on the full range of products traded by the Equity Derivatives business within regulatory guidelines (currently T+30), and (ii) ensuring that the all economics details on all equity derivative trades are affirmed with clients in accordance with internal risk requirements and regulatory targets ( T+3)- (iii) Confirmations for our EMEA and US clients are created for all flow OTC transactions and dispatched against our internal performance indicators and industry standard-
Requirements
Essential Experience: - Experience supervising a team
- Excellent client service skills and both written and verbal communication skills-
- Experience of maintaining high standards of work whilst working under pressure to tight deadlines-
- An understanding of operational workflows in particular Front-to-Back processing, from booking of trade through to back office processing
- Exposure to ISDA Framework & Equity Derivative Definitions
- An understanding of Derivative Products and Equities
Supplementary Experience: - Excellent written and verbal communication
- Experience of maintaining high standards particularly when working under pressure to tight deadlines
- Experience dealing with diverse teams across different locations
Responsibilities
Responsibilities include: - Supervise a team with varying roles being undertaken: Affirmations, Retrievals, Flow Drafting & Negotiations-
- The main responsibility of the team will be liaising with external and internal clients via a number of different mediums, in order to draft and execute ISDA confirmations, affirm economics for transactions, resolve confirmation language dispute
- Understanding core Equity Derivative products (including Options & Swaps) and processing ISDA documentation for all transactions with EMEA and US clients whilst adhering to key controls and achieving internal performance targets-
- The candidate will be required to develop strong internal and external relationships in order to manage risk and targets-
- Maintaining regular dialogue with sales, trading, legal and middle office functions to resolve discrepancies and gain required documentation approvals-
- Liaising with our clients to resolve confirmation language disputes to reach agreement on the final state of a document to support execution-
- Ensure that issues and delays are escalated promptly to senior management
- Build strong relationships with our business partners to improve client satisfaction levels
- Maintain the control environment - ensure compliance with stipulated risk management policies and procedures-
- Ensure accurate and timely production of MIS
- Motivate and develop individuals in the tea
The Individual
- Ability to develop working partnerships with a wide ranging client base, both internally and externally-
- Ability to work under pressure to tight deadlines without compromising quality
- Desire to influence continuous improvement in team service, processes and quality-
- Reliable team player with a proven ability to manage own workload-
- Able to balance need for service to external /internal customers with the control aspects of the role-
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If you are interested in this vacancy, please apply using the buttons below.
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