Assistant Vice President/Vice President, Product Analyst, Clearing Product Management recruitment
Company overview
MarkitSERV is a new company formed between Markit and The Depository Trust Clearing Corporation (DTCC).
MarkitSERV combines the flagship electronic trade confirmation, position reconciliation and related workflow platforms from its parent companies to provide a single gateway for over-the-counter (OTC) derivative transaction processing globally. Our combined solution helps to reduce operational risk, streamline processing and improve the safety and certainty of the OTC derivatives markets by simplifying and automating trade processing across the major asset classes.
Department
Product Management
Department overview
MarkitSERV Clearing Product Management is responsible for clearing-related functionality in MarkitSERV’s products, working with the industry and partners to deliver an end-to-end solution.
Position summary
Product Managers at MarkitSERV are responsible for all aspects of the product life-cycle, from inception through to development, implementation and post-implementation and support when needed.
The Product Analyst will need to work with many other functions within the company (business analysis, testing, development, implementation, customer services, legal and finance, as well as Product Analysts for other areas) to successfully fulfill this far-reaching brief, and interpersonal skills are paramount. Due to the changing nature of the clearing landscape, interaction with clients and partners is an important part of the responsibilities, and the candidate will be expected to be able to progressively take on own relationships. The candidate will need to develop confident meeting and presentation skills, as both internal and external meetings require assertive manners and a thought-through agenda.
The candidate will get a very thorough understanding of the clearing business, and first-hand experience in all areas. Tasks will include creating content for documents used in conjunction with sales and marketing, external technology documents and detailing workflows. Additionally the candidate will be responsible for gathering and recording business requirements for future enhancements to the companies clearing offering. External communication will also include interaction with customers (answering their questions, explain the workflows and understanding their reaction to the system, work with sales and account management as a subject matter expert for clearing. . the expectation is that the candidate will be able to grow in the role to take on more responsibility over a short period of time.
With the increased industry focus on clearing, there is a need to provide more product management input to clients during their implementation and testing phase, and work internal with the implementation team to ensure successful go-live on clearing functionality.
Duties accountabilities
- Work with internal functions (business analysis, development, testing, implementation, customer services, legal, finance) to ensure delivery of end-to-end clearing functionality
- Participate as a subject matter expert in external meetings with banks and partners representing MarkitSERV.
- Keep sales, account management, and operations abreast of new clearing functionality by demonstrating and educating them.
- Draft and / or coordinate creation of external and internal communications including marketing materials.
- Participate and drive discussions with clearing houses globally, and work with other geographic regions of the firm.
Business competencies
Education and experience
- Strong analytical skills
- Strong inter-personal and influencing skills
- Excellent written and verbal communication skills
- Experience with OTC post-trade processes or derivative operations experience preferred
- Experience with clearing a plus
- Project management experience a plus
- Good university degree in relevant subject
Commercial awareness
- Ability to work under pressure, multi-task and consistently meet tight deadlines
- Focus on solutions for customers
- Willingness and capacity to stay abreast of industry developments in a fast-moving industry
Management requirements
• None initially, but the ability to coordinate internal teams and tasks across a variety of functions will be vital
Personal competencies
Personal impact
- Self-starter who can work successfully in teams and independently
- Eager to participate and learn
- High standard of analytical and written work
- Flexible and able to adapt to changing situations
- Strong influential skills and work ethic
Communication
- High level of competency with excellent communication skills both written and verbal required
Teamwork
- Strong team player comfortable working at all levels of the business
- Strongly identifies with corporate vision and personally aligns with both corporate and product short and long term goals and strategies