At a Glance
- Tasks: Supervise a small team and ensure smooth stock loan settlements across international markets.
- Company: Join Jefferies, a leading global investment bank with a commitment to diversity and inclusion.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Other info: Dynamic role with opportunities for process improvement and team development.
- Why this job: Make an impact in a fast-paced finance environment while developing your leadership skills.
- Qualifications: Experience in stock lending supervision and strong understanding of the trade lifecycle required.
The predicted salary is between 55000 - 65000 £ per year.
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
Key Responsibilities
- 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
StudySmarter Expert Advice🤫
We think this is how you could land Stock Lending Settlements (Assistant Vice President) in Glasgow
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Jefferies. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Stock Lending Settlements (Assistant Vice President) in Glasgow
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Jefferies.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Jefferies's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Jefferies
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Jefferies.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Jefferies will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Jefferies employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
