At a Glance
- Tasks: Lead the operational management of OTC derivatives and drive strategic initiatives.
- Company: Join a Tier 1 proprietary trading firm with a global presence.
- Benefits: Competitive compensation, strong career progression, and exposure to senior leadership.
- Other info: Collaborative culture with opportunities for automation and process improvement.
- Why this job: Make a direct impact on business growth in a tech-driven environment.
- Qualifications: 5+ years in OTC derivatives operations and proven leadership skills required.
The predicted salary is between 63000 - 77000 £ per year.
This is a senior leadership role responsible for overseeing the operational management, strategic development, and control framework supporting a growing OTC derivatives business.
The successful candidate will combine deep product knowledge with strong leadership capabilities, partnering closely with Trading, Technology, Risk, Treasury, Finance, Legal, and Compliance teams globally.
Key Responsibilities
- Product & Trade Lifecycle Management
- Oversee the full lifecycle of exotic OTC derivative products from execution through settlement.
- Ensure accurate trade capture, booking, validation, lifecycle event processing, and trade maintenance.
- Manage collateral, financing events, corporate actions, cash management and position management activities.
- Maintain robust reconciliation processes across counterparties, brokers and internal systems.
- Drive exception management and operational issue resolution.
- Partner with Treasury on collateral optimization, liquidity management and funding requirements.
- Oversee CSA, ISDA and Prime Brokerage documentation and ensure effective margin management processes.
- Middle Office & Trade Support
- Provide first-line support to global trading desks.
- Maintain strong controls across trade validation, collateral management, settlement oversight, cash and position management.
- Manage relationships with Prime Brokers and counterparties.
- Support business growth initiatives while ensuring operational resilience and scalability.
- Product Governance & Business Management
- Act as the operational lead for OTC product activity.
- Partner with key stakeholders across Trading, Legal, Treasury, Compliance, Finance and Technology.
- Lead operational readiness for new products, markets and strategic initiatives.
- Drive onboarding and business expansion projects.
- Financial & Strategic Oversight
- Calculate and analyse daily, monthly and quarterly P&L.
- Perform P&L attribution and identify drivers of financing and trading costs.
- Analyse capital usage, funding costs, margin utilisation, balance sheet consumption and return on capital metrics.
- Support strategic decision-making through operational and financial insights.
- Risk Management & Controls
- Maintain a robust operational risk and control framework.
- Identify, assess and mitigate operational, settlement, valuation and counterparty risks.
- Lead root cause analysis and remediation efforts for operational incidents.
- Ensure adherence to regulatory obligations and internal governance standards.
- Automation & Technology
- Drive automation, digitisation and process improvement initiatives.
- Partner with technology teams to deliver scalable strategic solutions.
- Improve efficiency, control effectiveness and operational scalability through technology and AI-driven solutions.
- Leadership & Stakeholder Management
- Lead, mentor and develop a high-performing Middle Office and Trade Support team.
- Translate business strategy into clear team objectives and measurable outcomes.
- Foster a culture of accountability, collaboration and continuous improvement.
- Build strong relationships with internal stakeholders and external counter parties globally.
Requirements
- 5+ years of OTC derivatives operations, middle office or trade support experience.
- Proven leadership experience managing and developing high-performing teams.
- Strong understanding of OTC derivatives trade lifecycles, market conventions, collateral and margin management.
- Experience supporting complex and/or exotic OTC products.
- Knowledge of OTC regulatory frameworks, including UMR.
- Strong commercial awareness and business management capabilities.
- Excellent communication and stakeholder management skills.
- Ability to operate effectively in a fast-paced, high-growth trading environment.
- Bachelor's degree in Finance, Economics, Mathematics or a related quantitative discipline.
- Exposure to SQL, VBA, Python and AI-enabled workflow solutions is highly desirable.
- What's on Offer
- Opportunity to join a Tier 1 proprietary trading firm with a global presence.
- Significant exposure to senior leadership and front office stakeholders.
- Leadership role with direct impact on business growth and operational strategy.
- Highly collaborative and technology-driven environment.
- Competitive compensation package and strong career progression opportunities.
- #J-18808-Ljbffr
Middle Office Lead - OTC Derivatives employer: Selby Jennings
Join a leading global platform that offers an exceptional opportunity for growth and development in the real estate M&A sector. With a collaborative and entrepreneurial team culture, you will be exposed to landmark European transactions while enjoying competitive compensation and clear progression pathways. This role not only allows you to enhance your financial modelling and analytical skills but also provides the chance to mentor junior team members, making it a truly rewarding environment for ambitious professionals.
StudySmarter Expert Advice🤫
We think this is how you could land Middle Office Lead - OTC Derivatives
✨Tip Number 1: Tap Into Professional Networks
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We think you need these skills to ace Middle Office Lead - OTC Derivatives
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Selby Jennings and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
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How to prepare for a job interview at Selby Jennings
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
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If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Selby Jennings.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Selby Jennings's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
