A leading international securities business is looking for a SBL and Delta One Middle Office to join its growing Operations team.
You will work on the end-to-end back and middle office lifecycle of Securities Lending, Repo and Delta One products, with a particular focus on settlements.
Key Responsibilities:
- Own the daily trade lifecycle for Securities Lending, Repo and Delta One products, from trade capture and confirmation through to settlement and reconciliations.
- Monitor, investigate and resolve settlement fails, working with counterparties, custodians and agents to minimise fail costs, buy-ins and penalties.
- Manage collateral movements, margin calls and disputes, and ensure collateral is accurately allocated and reconciled.
- Support asset servicing, including corporate actions, dividends, manufactured payments, recalls and income processing on financed and synthetic positions
- Perform daily position, trade and cash reconciliations, and investigate and clear breaks within agreed timelines.
- Support cash management and funding, including cash forecasting, nostro monitoring and liaison with Treasury.
- Identify, **escalate** and remediate operational risks, and contribute to control improvements, audits and regulatory reviews (e.g. SFTR, CSDR).
- Support process automation, system enhancements and change projects, including UAT.
- Act as a subject matter expert, mentoring junior team members and providing management information to senior stakeholders.
Requirements
- Minimum 5 years’ experience in Securities Lending, Repo or Delta One operations within an investment bank or similar financial institution.
- Strong, demonstrable settlements experience across cash and securities, including CSDs, ICSDs and custodian networks.
- Working knowledge or experience in at least some of: Collateral Management, Asset Servicing, Reconciliations, Cash Management or Treasury operations.
- Sound understanding of the product lifecycle, market infrastructure and settlement cycles.
- Strong analytical and problem-solving skills, with high attention to detail and the ability to prioritise under pressure.
For further information, please contact Caitlynn Fourie
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SBL and Delta One Middle Office employer: Saxton Leigh
Saxton Leigh is an exceptional employer located in the vibrant city of London, offering a dynamic work culture that prioritises collaboration and innovation. Employees benefit from comprehensive professional development opportunities, competitive compensation, and a commitment to fostering a strong risk culture, making it an ideal place for those looking to make a meaningful impact in the field of liquidity and market risk analysis.
