At a Glance
- Tasks: Supervise a dynamic team managing international stock loan settlements and ensure smooth operational delivery.
- Company: Join Jefferies, a leading global investment banking firm with a collaborative culture.
- Benefits: Competitive salary, career growth opportunities, and a chance to work in a vibrant city.
- Other info: Be part of a growing team in Glasgow as operations expand from India.
- Why this job: Make an impact in the finance world while developing your skills in a fast-paced environment.
- Qualifications: Experience in stock loan supervision and a solid understanding of securities finance.
The predicted salary is between 81000 - 99000 £ per year.
Company Jefferies, the global investment banking firm, has served companies and investors for over 50 years. Headquartered in New York with its European head office in London and staff in over 30 global cities, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, and wealth and asset management. Jefferies provides research and execution services in equity, fixed income, foreign exchange, futures and commodities markets, and a full range of investment banking services including underwriting, merger, and acquisition, restructuring and recapitalization.
Summary The Stock Lending Settlements (Assistant Vice President) will be based in Glasgow and will provide day-to-day supervisory oversight of a team of approximately 3 or 4, supporting international stock loan settlement activity across multiple markets. The role will focus on ensuring effective operational delivery across the full stock lending trade lifecycle, supporting the Securities Finance trading desk, and maintaining strong controls, service quality, and escalation discipline. The successful candidate must have proven stock loan supervisory experience, a strong understanding of the full securities finance lifecycle, and experience working closely with trading, settlements, middle office, external counterparties, agent lenders, and financing providers. This role will also contribute to operational resilience, process improvement, and the development of team capability within the Glasgow function, consistent with the broader objective of building a collaborative, cross-trained operational team.
Accountabilities:
- Supervise and develop a small Glasgow-based Stock Lending Settlements team
- Ensure daily stock loan settlement activity is completed accurately, efficiently, and within agreed service standards
- Maintain strong oversight of international market settlement risk, exceptions, and operational controls
- Support the Securities Finance trading desk with timely issue resolution and high-quality operational service
- Ensure appropriate escalation of settlement issues, aged fails, market constraints, and counterparty-related risks
- Contribute to management reporting, root cause analysis, and operational improvement initiatives
- Support the development of a scalable Glasgow stock lending operations function
Job Description The role will be responsible for supervising the Glasgow-based Stock Lending Settlements function, supporting international markets, and providing direct oversight of daily settlement activity. The role requires strong Stock Loan supervisory experience, a detailed understanding of the full securities finance lifecycle, and the ability to support a front-office Securities Finance trading desk. The role will involve managing settlement workflow, resolving exceptions, overseeing unmatched and failed trades, and ensuring issues are escalated and remediated in a timely manner. The successful candidate will work closely with trading, settlements, middle office, counterparties, custodians, agent lenders, financing providers, and global operations stakeholders. The individual will also play an important role in building local Glasgow capability as operational activity relocates from India. This role will provide the local supervisory layer required to manage operational risk, maintain service quality, and support future growth of the Glasgow function.
Key responsibilities include:
- Supervising daily Stock Lending settlement activity across international markets
- Supporting trade lifecycle management for Stock Borrow & Lending transactions
- Monitoring unmatched trades, settlement fails, cancellations, aged breaks, and reconciliation items
- Ensuring timely settlement, escalation, and resolution of exceptions
- Working with the Securities Finance trading desk to support trading activity and manage operational risk
- Using relevant securities finance platforms including Global One, EquiLend and Pirum for contract comparison, matching and exception management
- Supporting financing and collateral-related processes involving providers
- Producing and reviewing MI relating to settlement performance, unmatched trades, fails, cancellations and root cause analysis, consistent with the MI expectations in the existing outsourced services framework
- Supporting T+1 readiness, process redesign and control enhancements where relevant
- Developing team members through coaching, feedback, cross-training and day-to-day management
- Partnering with global stakeholders to align operational delivery with strategic goals and regulatory expectations
Requirements:
- Proven Stock Loan / Securities Lending supervisory experience
- Strong understanding of the full Stock Borrow & Lending trade lifecycle, including trade capture, matching, settlement, recalls, returns, fails management, reconciliations and exception resolution
- Experience supporting a Securities Finance trading desk in a fast-paced markets environment
- Experience managing or supervising a small operations team, including performance oversight, escalation management and people development
- Strong knowledge of international settlement processes and market practices
- Hands-on experience with Global One; familiarity with international settlement platforms and tools is relevant to the broader operating model
- Experience using EquiLend and/or Pirum for contract comparison, matching or post-trade exception management
- Familiarity with financing or tri-party collateral processes
- Strong understanding of settlement risk failed trade management, unmatched trade resolution and reconciliation controls
- Ability to produce, review and interpret MI, including fail metrics, unmatched trade metrics, cancellation volumes and root cause analysis
- Strong stakeholder management skills, with the ability to communicate effectively with trading, operations, counterparties, custodians, agent lenders, vendors and global teams
- Strong analytical mindset, with a track record of driving operational improvements and control enhancements
- Ability to work under pressure, manage competing priorities and escalate issues appropriately
- Strong control mindset, attention to detail and ownership
- Experience supporting process migration, knowledge transfer or team build-out activity would be beneficial, particularly given the broader migration of roles from India to Glasgow
Stock Lending Settlements (Assistant Vice President) in Glasgow employer: Jefferies Financial Group
Jefferies is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and diversity are at the forefront of our culture. Employees benefit from comprehensive professional development opportunities, mentorship from seasoned bankers, and the chance to engage with high-profile clients across various sectors. Our commitment to inclusivity ensures that every team member's voice is valued, fostering a collaborative atmosphere that drives success and personal growth.
StudySmarter Expert Advice🤫
We think this is how you could land Stock Lending Settlements (Assistant Vice President) in Glasgow
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We think you need these skills to ace Stock Lending Settlements (Assistant Vice President) in Glasgow
Some tips for your application 🫡
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