Outsource Partner Derivatives Oversight Manager
This role also includes the management and oversight of new initiatives affecting derivatives Investment Operations of Friends Life.
The role
- Manage the day to day issues assigned to or by the appropriate functional team and, or outsourced partner contacts
- Perform Investment Management Operations activities that have not been outsourced these will cover activities such as:
- Preparation of trade files from OTC term sheets to be sent to HSBC
- Preparation of mirroring records from 'MyStateSteet' records to be sent to HSBC
- Managing the Investment Manager Collateral Management available and lent security lists
- Prepare third party oversight meeting materials, investigate queries, drive closure as required
- To take ownership of the derivative related Technology and Operations processes to perform support for day to day investment management operations and data management activities
- Participate in relevant internal change initiatives to ensure implications are known and impacts are managed across the team
- To comply with all internal, regulatory and statutory standards and controls, ensuring operational risk is managed so there are no reputational or financial significant compliance breaches, so that the requirements of the Group and regulatory bodies are met
- Build and develop relationships with all related departments and client representatives, as required, to ensure effective communication and team spirit
- Prepare and maintain of all relevant internal procedure documentation, in line with the required standards and best practice guidelines. Including the identification, assessment, control and monitoring of relevant operational risks, suggest and implement any necessary risk solutions
- Involvement with the business review for the legal negotiations of derivative broker agreements, as required
Skills Experience required
Essential:
- Communications (Influencing, developing, and motivating others. Influences stakeholders and upwards. Interacts internally and externally to organisation )
- Knowledge - Buy-side OTC and Exchange Traded Derivatives operations or oversight role (Deals with situations based on conceptual understanding rather than experience. Handles situations and solves problems using first principles rather than reliance on specific experience)
- Problem Solving - The individual must decide how to achieve goal
- Ability to critically evaluate information gathered across multiple sources, reconcile variances and recommend proposals to senior management, demonstrate buy side experience.
- A recognised derivatives qualification
- Investment Management
- Derivatives use in portfolio management and investment risk
- Worked in an Oversight Function
What will you get from this role?
- Bonus
- Life Cover
- Flexible benefits
Additional Information
We prefer all applications to be submitted online, however if you require an alternative method of applying please contact Tina Kelly in the Resourcing team on 0845 268 5150.
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