Vice President – OTC Derivatives Client Clearing Projects recruitment

The goal of the Clearing Operations Project Group (CPG) is to deliver an industry leading Client Clearing service for the following asset classes (OTC Derivatives (equity, interest rates and credit), Listed Derivatives, Commodities and FX) by doing the following:
• Specify and deliver the technology and processes necessary to support the Derivative Clearing businesses;
• Define the future vision for Derivative Clearing Operations (processes, organizational models etc.);
• Institute a client on-boarding and support model within Operations for the Derivative Clearing businesses
Clearing Operations cover Client On-boarding, Trade Support, Collateral Management and Settlement for derivative clearing transactions of all major asset classes (equity, interest rates and credit). The general focus for CPG is Operations, however the scope of the team's work often covers the full trade lifecycle including Sales, Trading, Risk Management and Finance (Business Unit Control, Regulatory Control etc.)
CPG is a global organization with the majority of projects having a global focus. CPG has teams in London and New York and is supported by a global IT organization.

Senior Project Manager / Business Analyst for Interest Rate Derivative (IRD) Clearing Projects
The goal of the CPG IRD Clearing Projects team is to deliver an industry leading clearing platform for Interest Rate Derivatives covering Trade Entry, Trade Affirmation, Allocation and External Connectivity (Affirmation Platforms and Clearing Houses).
The open role is to head the IRD Clearing programme and hence be responsible for all projects within that space. Additionally, the successful candidate will be part of the CPG management team defining the future state processes and architecture for all asset classes along with helping to manage the evolution of the global team.

Duties and Responsibilities
The role requires the candidate to:
•  Possess extensive experience working within Financial Services, preferably with experience in Interest Rate Derivatives (IRD) and Project Management
•  Have a detailed understanding of IRD processing; Able to give significant input into the design and development of the future state architecture, operational processes and operating model being developed as part of the renovation of the IRD Clearing space.
•  Act as the gatekeeper of the IRD Clearing Program; Ensuring best practice is followed across all projects.
•  Take ownership of multiple projects within the IRD Clearing space with ultimate responsibility for successful delivery of the project(s) to time and budget
•  Ensure that the business case for renovation work is transparent, understood and committed to by all key stakeholders in all regions.
•  Create and chair appropriate forums (such as working groups) to drive the project(s), provide status updates and escalate/resolve issues.
•  Ensure for each of these projects that thorough business analysis is performed and accurate detailed business requirements are developed with the support of the appropriate Operations resources.
•  Develop strong relationships with IT colleagues to design, develop and implement technology platforms to deliver solutions to these business requirements.
•  Develop comprehensive and robust test cases/plans and co-ordinate the execution of these tests to ensure successful delivery of these technology platforms.
•  Mentor and develop junior team members

Requirements:

•  The successful candidate will be capable of performing detailed business analysis (either on their own or through a team of junior analysts) in order to understand and resolve current issues and develop/define the future state vision. This will require the individual to influence at senior levels, while also being skilled at extracting requirements from subject matter experts (primarily Operations, but occasionally Legal, Compliance, Trading, Sales and Risk Management).
•  The successful candidate will have a detailed understanding of Interest Rates Derivative processing particularly within Trade Capture, Trade Affirmation and Allocation processing. The candidate must also have experience in managing large scale projects with practical knowledge of defining business cases, requirement gathering, resource planning, implementation and milestone tracking, test planning and other project management skill sets. It is preferred for the candidate to have working knowledge of the changing landscape across OTC Derivatives with particular emphasis on OTC Clearing.
• The successful candidate will be responsible for delivering multiple projects to global stakeholders and consequently will be required to partner with IT to ensure the successful delivery of technology solutions to business requirements. They will also be comfortable working with ambiguity, managing resolving complex issues and have a history of being able to articulate a clear message for which support is garnered.