Operations & Risk Manager recruitment
Position Management Trade Support:
- Derivative trade processing – futures (including expiries), CFDs, FX and other asset classes as they are developed.
- Analysis and reconciliation of daily trading activity on Fidessa and Swan (in-house systems).
- Liaising with the Front Office regarding stock and cash breaks to avoid exposure and risk and escalating to management.
- Notifying Prime Brokers to book, amend and cancel trades to correct breaks and ensure efficient settlement.
- Complete placing documentation and communicate with registrars so that the stock is received on pay date.
- Sending intra-day and end of day trade files to Prime Brokers including all our market maker UK trades booked on Fidessa. Manually book International trades with nominated brokers.
Settlements:
- Review external and internal reports to pre-match, settle and resolve failing trades.
- Communicate with the Front Office, Prime Brokers, Clients and Market Counterparties to resolve any unmatched trades before settlement date.
- Contacting counterparties to discuss stock delivery and issuing buy-ins where necessary in line with market regulations and assessing company risk.
Corporate actions and dividend processing:
- Receive and analyse, information from Prime Brokers and Bloomberg to compile daily reports on upcoming Corporate Events (Rights, sub shares, bonus issues, take-overs etc).
- Produce weekly Corporate Actions schedule to minimise exposure.
- Calculating client positions based on a corporate event, notifying trade support of the bookings to be made and deadlines to be met (Rights booked to clients account before the open on Ex-date, receiving the Ords on Pay date etc).
- Manually debited/credited all Dividends to our clients and house positions on Ex-date taking into account the different international tax rates and the FX rate.
Daily Reconciliation of Broker accounts:
- Processing internal reports and macro’s in Excel to discover the stock and cash breaks between Prime Brokers and internal positions.
- Investigate and resolve breaks and distribute remaining exceptions to the business in a clear, organised and concise way.
- Liaising with the Front Office and brokers to ensure all breaks were resolved daily and escalate unresolved items to management.
- Position Management
- Trade break queries
- Liaison with various departments within the Company and Group
- Reporting of Daily Margin Requirements at Brokers
- Maintenance of Broker costs
Risk Monitoring and Reporting:
- Proprietary Risk Monitoring Reporting to include:
- Intra-day positions against set risk limits
- Reporting of limit breaches (intra-day and EOD)
- Concentration risk monitoring
- Liquidity risk monitoring
- Client Margin Monitoring to include:
- Auto close out (limits and actuals)
- Client debtors
- Oversee procedures for risk and control purposes and implementation of improvements when necessary
- Convening and minute taking for the weekly risk committee meeting.
- Market Maintenance (Static data)
- KPI production - Defining and producing management information
- Advise on improvements to process and procedure
- Escalation of issues to Financial Controller and Risk Committee
- Point of contact for queries from other departments
- Nurturing relationships internally and externally (inc. Australia and Japan)
- Training of team members
- UAT for new processes/programs.
- Assisting in project work
- Minimum 5+ years commercial experience in a similar role
- Active interest in Global Markets and Institutions
- Experience of global corporate actions / dividends
- Knowledge of equities, derivatives, futures and options instruments
- Knowledge of risk management procedures
- Desire to improve and control process and procedure
- Good communication skills
- Knowledge of Microsoft Office software packages (Word, Excel, PowerPoint)
- Ability to work under pressure and be adaptable
- Attention to detail and strong organisational skills
- Professional telephone manner
- Service orientated/self-starter attitude – a must have.
- An individual who wants to grow and develop with Forex.com.
• Initiative - Pro-active and self-starting; takes opportunities and acts on them; originates action and actively influences events.
• Information gathering- Seeks all possible relevant information for problem solving and decision making; consults widely, probes the facts, analyses issues from different perspectives.
• Technical skill and competence - Demonstrates detailed knowledge and expertise in relation to the job; absorbs new job specific information and keeps up to date in specialist areas
• Operational effectiveness - Drives daily tasks and projects along, gets results and ensures that all key objectives are met.
• Build and maintain relationships - Establishes and maintains relationships with people at all levels.
• Self confidence - Independent and self-reliant, conveys confidence in own ability to select appropriate course of action. Raises any uncertainty with manager in advance of a problem developing. Remains calm under pressure.
• Flexibility - Adaptable and receptive to new ideas. Willing and able to adjust to changing demands and circumstances.