Global Lead, Exotic Rates Derivatives Trade Validation - VP

This role is within Exotic Rates Derivatives Trade Validation in Product Control, reporting to the Global Head of Macro and Credit Derivatives Trade Validation based in London. It will be integral to the role to work closely with the Sales & Trading teams, Back Offices, Other Middle Offices, DRIVE and project teams globally.Perimeter mandate:

• Booking validation of Exotic Rates Derivatives trades at inception and during their lifecycle.
• Amendments responsibility as per the Amend & Cancel policy
• Implementation of transversal controls complying with new Regulatory constraints
• Implementation of transversal controls on booking for derivatives and process improvements.
• Definition and implementation of remediation plan following potential incidents

Responsibilities

Management

• Ensure that progress against objectives for all reporting staff is reviewed
• Coordinate with operational managers the training requirements for individuals and teams and develop training frameworks adapted to Trade Validation teams in partnership with Learning & Development. Train and nurture new joiners to the team(s) by setting clear training programs.
• Contribute to the development of individuals within Exotic Rates Derivatives Trade Validation teams, through coaching, mentoring and internal mobility

Controls & Oversight

• Ensure the robustness of the control framework to ensure the appropriate management of operational risks.
• Ensure OPC / Risk-ORC reporting is effected thoughtfully and comprehensively
• Regularly follow up on any audit finding and implement corrective action as necessary

• Oversight of global production activities

o Regional and Global KPI/KRI analysis and risk identification in coordination with locations, business & other potential stakeholders. Challenge situation by identifying, designing and deploying missing KPI/KRI

o Assess and track incidents having impacts on the overall process and define / monitor related action plans.

o Responsible to identify gaps between client needs versus existing Ops set-up & processes and define any required remediation.

o Functional escalation contact for queries related to global Exotic Rates Derivatives perimeter

o Leadership of SMEs globally on functional topics

o Review initiatives related to process reengineering and automation of existing processes

o Review standard vs non-standard process, challenge non-standard processes & design relevant control framework

o Review Business requirements for IT developments

o Centralize & prioritize OPS IT requirements on platforms used by the teams

o Review the delivery of efficiencies within the global Exotic Rates Derivatives perimeter

o Review the working procedures globally in conjunction with offshore teams and SMEs

o Identify and reduce the operational risks by proposing pragmatic solutions to enhance F2B processes

o Contribute to the training of SMEs locally and globally. Knowledge transfer of new and existing activities to the offshore team

o Identify enhancements to key processes and controls.

o Design a plan to prioritize and implement identified enhancements.

o Manage communication channels with managers, internal and extrenal stakeholders

o Contribute and represent Ops on new business Activities

o Contribute to the review of the Target Operating Model between Regions, Hubs and Territories taking into account efficiency, capacity management and resilience

o Contribute on transversal projects coordinated by Projects teams (Drive, P&C, IT...) esp. around IT architecture (system migrations)

o Manage 'medium' sized Operations projects and interventions to improve the Operations service provision to the business and/ or acts as a key resource in large-scale projects

• Efficiency & Transformation

o Contribute with senior management to the definition and implementation of the transformation strategy for Trade Validation teams

o Work with various Trade Validation teams across the globe to identify potential for harmonisation and realization of the Banks objectives

o Ensure timely and effective delivery of projects and initiatives for Exotic Rates Derivatives Trade Validation teams