Job Summary

Assist with the directing, managing and execution of post trade services in support of Markets and Treasury trading; ensuring that services are executed in accordance with the applicable policies, procedures and broader governance and control framework. Trading supported may include trading of Fixed Income, Currencies, Commodities (FICC) and/or Equities products both in principal and/or in an agency capacity, where approved for trading by the Markets/Treasury businesses.

Key responsibilities include:
- supervising specialist personnel in a highly regulated area of the business;
- ensuring accurate, timely and complete post trade service execution excellence; and
- driving delivery of key strategic initiatives.

Markets and Treasury are global businesses so the job holder will have both In-Country and Regional accountabilities.

Job Description

Accountability: Accurate, timely and complete pre and post trade service execution excellence (70%)

• Provide oversight and guidance to ensure accurate, timely and complete post trade service execution and related pre trade service activities. Relevant pre and post trade service activities include:
• External account management (cash and custody)
• New and amended product approval
• Client and account setup and maintenance
• Client reference data setup and maintenance
• Transactional and life-cycle event affirmation, confirmation and settlement
• Fee and tax operations
• Client asset servicing
• Secure custody of source document and securities/collateral
• Cash, securities/stock and other reconciliations
• Related third party payments
• Daily Reconciliation of Treasury and Markets product with Product Systems Vs BRIANS GL
• Develop and implement snap checks, CPA and Risk assessment in Treasury and Markets PTS
• Make sure all the Maker and \checker process in the Respective area is practiced and is in tight control.
• Actively participate in execution of trade service activities as a Subject Matter Expert and / or in a supervisory capacity;
• Ensure teams under management are aware of their responsibilities and are appropriately trained;
• Take accountability for all operational losses, cooperate in root cause analysis and implement resulting actions;
• Ensure mechanisms are in place to continuously monitor automated processes with well-defined issue escalation and resolution protocols; 
• Initiate and oversee system enhancements as applicable to the business ensuring that specifications, pre-implementation testing and sign off are completed in order to ensure that business and client servicing is not impacted;
• Initiate and oversee further control and process re-engineering initiates which enable business, improve efficiency and allow for increased trade volume and complexity; and
• Provide leadership and guidance to teams under management.

Accountability: Together with regional office and risk teams implement and monitor adherence to governance and control framework (15%)

• Provide input to, challenge and pre-approval of New Product Approvals prior approval by regional management;
• Ensure all processes are documented/updated and ensure controls have been updated to reflect any new controls introduced as a result of process/procedure change;
• Carry out regular control self-assessments in collaboration with regional office and risk teams to ensure that controls are designed and operating effectively in line with IB Operations Control Standard requirements;
• Ensure key external risks /threats / changes which may have an impact on business and have been effectively identified and communicated /escalated to all relevant stakeholders and mitigating controls/process put in place (keep abreast of local and international market developments/sanctions etc.);
• Work with risk functions to prepare for Internal and External Audits, know issues have been raised with action plans and all observations are remediated within agreed timelines; and
• Ensure compliance to policies, legislation, & regulations & that team complete all mandatory training & attestations in timely manner.

Accountability: Ensure that all internal and external business and regulatory reporting is accurate, complete and performed in a timely manner (15%)

• Prepare and review all internal and external regulatory reporting as required by the market/business in a manner that ensures that the business is not subject to regulatory fines;
• Ensure that business indicators (including risk, control, operational, performance, client metrics) and risk events are appropriately captured and reported on according with established risk appetites, business and regional requirements;
• Ensure that threshold breaches are escalated, implementing strategic controls and process where required in order to mitigate risk; and
• Actively participate in regional and business operational committees and infrastructure risk review forums.

Education

Higher Diplomas: Business, Commerce and Management Studies (Required)