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Experience
10 - 15 Years
Job Location
Education
Bachelor of Commerce(Commerce), Bachelor of Business Administration(Management)
Nationality
Any Nationality
Gender
Not Mentioned
Vacancy
1 Vacancy
Job Description
Roles & Responsibilities
Trade Lifecycle Oversight: Oversee the end-to-end trade lifecycle for all Global Markets products. This entails making sure trades are captured, verified, and processed correctly from trade booking and validation in front-office systems through confirmation, settlement, and reconciliation in back-office systems. The Middle Office Head ensures that trade discrepancies or exceptions are identified and resolved promptly to avoid settlement failures or P&L errors
Operational Risk Management & Controls: Establish and enforce a robust operational control framework to minimize errors, failed trades, and financial losses. This includes overseeing trade exception management, investigating and rectifying any breaks/mismatches, and implementing checks to ensure data accuracy. The Middle Office Head continually re-assesses operational risks considering changing market conditions and regulations. The role will cultivate a zero-tolerance culture for control lapses and will frequently review Key Risk Indicators (KRIs) like error rates and operational loss incidents to gauge performance.
Team Leadership & Talent Development: Lead the global (Regional Dealer Assist teams) middle office team. The Middle Office Head manages team managers and staff, sets performance objectives, and provides mentoring and training to develop talent. They are responsible for ensuring the team is well-resourced and skilled to support current and future business needs. This includes succession planning and maintaining high engagement. Strong leadership is critical since this role oversees diverse functions (trade support, collateral ops and others.)
Stakeholder and Client Management: Manage relationships with key internal and external stakeholders. Internally, the Middle Office Head interacts with senior Front Office leaders (heads of trading desks), Risk Management heads, Compliance officers, and Operations executives to communicate status, escalate issues, and align on improvements. Externally, they will interface with clients or counterparties for operational matters for instance, working with prime brokerage clients, custodians, clearing houses, or executing brokers to resolve breaks and improve service.
The GM ZERO Middle Office will comprise 4 Key Areas
Client Activation & Data readiness enabler and coordinator with other internal functions such as COO KYC, Reference Data, Credit, GM Documentation to ensure timely set up of new client relationships
Trade Execution & Controls Perform and manage tasks specific to Dealer Assist functions which entails timely booking, Client account / Portfolio allocations, Pnl and dealer / sales position integrity, perform Same day Trade Validations ensuring FAB books are integral, manage post trade amend / cancel governance and control principles, monitor Off Market trade monitoring/ Counterparty exposure monitoring
Exceptions Management and reconciliation Failed, Alleged trade monitoring / trade life cycle event management (credit events et al) / Collateral & Margin management principles
Reporting And MI Regulatory reporting and internal Dashboard (KRI/KPI reporting solutions.
Functions within the framework and boundaries of Group policies as well as overall organizational and governance frameworks.
Authorized to take decisions as per the approved authorization matrix.
Desired Candidate Profile
Education: A bachelor s degree in finance, Business, Economics or a related field is generally required.
- Industry Experience: Extensive experience (10-15+ years) in Global Markets operations or Front Office trade support is expected. a leadership or managerial role (e.g. managing director, senior vice president of operations) is required, demonstrating the ability to run large teams and multi-faceted processes. Experience should cover a broad range of asset classes (e.g. equities, fixed income, FX, derivatives) and a deep understanding of the full trade lifecycle for these products. Time spent in both front-office facing roles and back-office roles is valuable, as it indicates the candidate can bridge those worlds effectively
Company Industry
- Banking
- Financial Services
- Broking
Department / Functional Area
- Finance
- Treasury
Keywords
- Head Of GM Middle Office
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First Abu Dhabi Bank FAB
https://ehjd.fa.em2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX/job/1846