Manager Prime Brokerage Middle Office

Robert Half
City Of London
£70k - £100k pa
21 Apr 2017
21 May 2017
Contract Type
Full Time
Robert Half are recruiting for a Prime Brokerage Middle Office Manager to work at a bank based in The City. The Prime Brokerage Middle Office Manager will have experience of Synthetic and a strong managerial background.

This position is primarily responsible for the day to day operational relationships with internal and external clients that utilise our Prime Brokerage Offering. The incumbent will support our Stock Loan Desk, our synthetic desk and our cash PB clients.

The role:

* Stock Loan - provide day to day support to our 3 stock loan traders. Assist with booking, returns and recalls processing. Ensure reconciliations are completed daily and items escalated where necessary.
* Cash PB - Support our global client bases cash pb trading strategies by providing accurate information on fails, pre-matching and settlement issues.
* Exceptional communication skills are required to be able to manage our clients expectations as well as liaising with our internal counterparts to be able to gather accurate information quickly
* Provide operational control and regulatory expertise, in close co-ordination with Global Wholesale Operations (GWO) and the regulatory compliance function, to the PB business line across execution, clearing & custody, settlement and reporting to clients while operating within regional market regulatory requirements and the Bank's policies
* Ensures a high degree of operational efficiency, processing accuracy and conformity to the Bank's strategy.
* Ensures and seeks to maintain delivery of high quality client service and contributes to promoting an overall excellent client experience.
* Effective mitigation of operational risks inherent in the Prime Brokerage Middle Office by managing the PB business line activities and ensuring processes are defined, understood and controlled.

Knowledge required:

* Strong working knowledge of cross product asset classes including Equities, Exchange Traded Options, Equity Derivatives, SBL/Repo (Equity/FI), Tri-party, Futures and FX (Spot & Forward) traded across major regions and markets.
* Understanding of Prime Brokerage legal frameworks and relevant product documentation i.e. Margin financing agreements, Form 1 Schedule A's, GMSLA, ISDA/CSA, Master Confirmation Agreements.
* Extensive knowledge of regulations associated with the various Prime Brokerage financing platforms, products and services (i.e. exchanges; depositories, markets and regulatory compliance); in multiple geographic locations
* Strong understanding of settlement conventions of various markets in multiple geographic locations leveraging clearing agents and central clearing depositories, specifically Depository Trust Clearing Company, CREST, Euroclear and Clearstream.
* Ability to act decisively, calmly and demonstrate good judgement under tight deadlines within a dynamically changing, highly regulated environment, while equally demonstrating tact and diplomacy in completing work activities by demonstrating sensitivity to client concerns and interests.
* Excellent interpersonal skills and the ability to develop collaborative working partnerships with regional business partners and across infrastructure functions to help present and project a single face to the clients in the delivery of operational services.

Salary - £75k-£100k per annum dependent on experience.

Robert Half Ltd acts as an employment business for temporary positions and an employment agency for permanent positions. Robert Half is committed to equal opportunity and diversity. Suitable candidates with equivalent qualifications and more or less experience can apply.