Senior Manager: Euroclear Operations

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Job Summary

CIB Global Markets is currently looking to recruit a Senior Manager to manage a growth area in the Eurobond space and support sales and trading out of both the domestic and offshore offices. The ideal candidate should have minimum of 5 years experience with Euroclear, Fedwire and DTC settlement knowledge gained in a Global Markets environment.
We are looking for an individual who is able to manage staff development, in addition to driving enhancements to the operating model, whilst able to demonstrate a sound control and risk framework. They will be accountable for the end-to-end Post Trade support which includes timely settlements, cash management, corporate actions and all risk and management reporting. There will also be a requirement to assist in the management of Absa Group's custody and cash clearing networks.

Job Description

To provide support to the Internal & External Stakeholders in relation to the following:

•        Demonstrate In-depth Market Operations knowledge & expertise across offshore fixed income products and processes, included Collateral settlements

•      “Go to” person as considered a Subject-Matter expert across Market Operations.

•        Engage external Absa clients to discuss concerns and how best to accommodate their strategies.

•        Keep abreast of emerging behaviours, technologies, regulations & companies that are changing our business.

•        Take accountability and be visible to stakeholders on issue resolution, by providing proactive solutions.

•        Investigation & resolution identification, of problems prior handing over to “IT change” teams.

•        New product approval ownership & understanding Operational implications.

•        Functional alignment management of moving tasks across units & divisions.

•        Assist in defining & driving the strategic direction of multiple desks within Markets & Treasury that settle fixed income products offshore

Define project objectives & set key performance metrics.

•        Identify new opportunities to enhance delivery, reduce risk & operating expenses while improving efficiency.

•        MI & KPI reporting – monthly review, analysis & refinement.

•         Establishing & Management of SLAs

•         Ad hoc query resolution.

SME

•        Act as the key entry point into all post trade services related aspects for the businesses supported

•        Support PTS in all senior meetings, providing Operational intellectual capital and support.

•        Staying abreast of best & new market practices & any regulation or other changes that will impact the business or clients' service.

•        Stakeholder & service provider engagement of business changes.

•        Develop key proposals, communication and presentations.

Special Project Management

•        Analyse, research & investigate a wide range of issues on behalf of Stakeholders. Articulate pragmatic solutions for hand over to the IT or BA change teams.

•        Play a leading role in ensuring the successful delivery of Change for Offshore Bonds

•        Co-ordinate change acceptance of ad-hoc initiatives and workload that originate from other areas

•        Instrumental in any go live embedment and success.

•        Continuously review and improve existing processes to ensure scalability and excellent service.

Strategy

•        Support with all aspects of strategic planning, improving client & stakeholder service.

•        Functional alignment involvement, ensuring a most effective & efficient model.

•        Provide direction to teams to align with Ops strategic & tactical initiatives.

•        Assist build out of an Activity based costing model to support stakeholders understanding of their business drivers and roll up into correct strategy.

New Product Approval

•        Ownership & co-ordination of new product approvals.

•        Structured trade reviews ensuring risk mitigation from an Operational perspective.

•        Attend meetings to discuss Operational implications with meaningful contribution.

•        Challenge senior stakeholders on new product feasibility.

•        Discuss new products with relevant Ops units to ensure end to end understanding.

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised