Derivatives Operations Manager

The role has responsibility for working with the Head of Derivatives Operations to build out listed derivative clearing and settlement capabilities as outlined below:

- Configuration, testing and implementation of new derivative clearing system and workflow tool.
- Validation and preparation of the business specifications for system requirements and business integration with upstream and downstream systems
- Writing and maintaining control documentation and procedures for new derivative clearing business function within the wider operations group.
- Implementation and documentation of' best practice' operational model.
- Integration of carry broker network to internal clearing operations.

Upon Completion of the Integration Project

- Managing day to day derivative clearing operations including supervision of:
- Trade capture, processing and allocations to end client accounts.
- Reconciliations and trade break monitoring, follow up and MIS reporting
- Option expiry monitoring and settlement processing
- Margin calculation overview and margin monitoring
- Maintenance of all required static data.
- Management of data extracts and reports for downstream systems

REQUIRED TECHNICAL KNOWLEDGE

- Appropriate skills and expertise as required for the role
- Experience of working within a derivative clearing operations unit including the implementation and management of operational processes and controls.
- Detailed knowledge of the listed option product set including exchange/CCP/Carry Broker requirements, processes and expiry management.
- Development of best practice operational procedural documentation.
- Experience of system implementation, business specifications preparation and full involvement in the testing and implementation phase.
- Technical and functional knowledge as required for the role; including having a working knowledge of Derivative Clearing Systems, preferably including UBIX.
- To maintain an understanding of the industry from a regulatory and operational perspective, including understanding of the EMIR trade reporting requirements, a working knowledge of the FCA as well as up to date knowledge of market practices and Exchange rules
- A working knowledge of changes in the market and to products, legislation and regulation
- Strong analytical capabilities with the ability to quickly understand requirements
- Exceptional verbal and written communication skills

Allegis Group Limited and Aston Carter Limited operate Employment Businesses and Agencies and are companies within the Allegis Group Inc. group of companies, the fourth largest staffing company in the world, (collectively referred to as the "Allegis Group"). TEKsystems and Aerotek are divisions of Allegis Group Limited. Applicant data will be treated in accordance with the Allegis Group's Privacy Notice ). By submitting personal data to any company or division within the Allegis Group, the applicant is providing explicit consent to the use of such data by the Allegis Group and to the transfer of such data to and from the Allegis Group companies within the UK, Europe and outside the European Economic Area in connection with the fulfilment of the applicant's voluntary requests, and the fulfilment of other job opportunities that match the applicant's profile, and confirms that they may be contacted about such job opportunities.