Trading Operations is a global team supporting Equity Derivatives, Interest Rate, Credit Derivatives (IRCC), Commodities and Collateral. The team supports primarily middle office functions with a global presence. Trading Operations have people located in the following locations - Americas (New York, Baltimore), Asia (Hong Kong, Tokyo, Singapore, Sydney and Mumbai), and Europe (London, Budapest and Glasgow).
Global Operations Position Control (GOPC) is part of the Trading Operations department with teams located in Glasgow and Mumbai. The team performs a pivotal role, ensuring that there is integrity around the completeness and accuracy of the market risk information across all the ISG businesses - Equity, Fixed Income and Commodities. This information is being used daily by traders, risk management, P&L controllers and Operations, specifically as a vital component of the daily PnL provided to the front office and the VAR analysis performed by the Market Risk Department.
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GOPC have two principal objectives
- Identification, escalation and resolution of inconsistencies in the market risk information (position, market value etc.) between risk systems and the firm?s books and records on a daily basis;
- Elimination of the root cause of the exceptions.
The department is comprised of a mixture of Operations and Finance professionals with a varied skill set, which enables them to leverage/manage cross- divisional technology and business requirements to meet the needs of their clients. GOPC are expanding their current remit to meet the growing demands of the firm and the evolving regulatory requirements of the industry.
The Global Operations Position Control team (GOPC) consists of 45 people globally split across globe.
The key areas of this role are;
Ensuring all controls and processes within the responsibility of the role are completed and continually evolving in line with the requirements of the team and Firm;
oEnsuring that all outputs are produced to a first class standard
oEnsuring deadlines are met and where possible exceeded
oProviding accurate and timely escalations to line manager
oDemonstrate ownership by being accountable for any issues highlighted within their control processes.
oDeveloping and maintaining relationships with key stakeholders and business partners
oTimely escalation of issues to key stakeholders and business partners to ensure effective resolution
Change Agenda and Business Process Improvement;
oActively seeking out opportunities to improve the teams control framework and ensuring controls are carried out in as efficient a manner as possible
oOwnership of the resolution of issues identified through the root cause of issues highlighted through control processes
oDelivering projects within agreed deliverables
Ensure the accurate and timely reporting of all key client outputs and management reporting;
oProduction and Development of Management Information
oProduction of Metrics and Stakeholder Packs
oEnsuring the quality and timeliness of all outputs of the team are to the required standard
Reconciliation of internal firm systems, to ensure the completeness and accuracy of the data used at the various stages of the trade life cycle;
oCompletion of daily and monthly proof and control reports to demonstrate the completeness and accuracy of PnL data.
oInvestigate exceptions through interrogation of the Firms risk and financial systems.
oProviding accurate and timely escalations to line manager
oPro-actively carrying out root cause analysis on break data to identify and then eliminate common break types, while communicating these successes
oEnsuring existing procedures are documented, kept current and complied with through periodic review
This is not exhaustive and tasks and responsibilities may change to maintain our high levels of service.The successful candidate would ideally have a record of accomplishment and experience of delivering against tight deadlines
The successful candidate would ideally be a confident well-rounded methodical person with strong analytical skills
Attention to detail and accuracy is essential ( Responsible for metrics, management information, presentations)
Strong communication skills both oral and written are essential, as the successful candidate will be dealing with clients and our partners across the various divisions of the firm.
Task orientated, inquisitive in nature, the successful candidate will be required to ensure production items and projects are delivered on time.
Ability to challenge the processes and issues under their ownership
Self-motivated and ability to work consistently and efficiently to achieve end goals