Equity Prime Brokerage Product Developer

London, United Kingdom
05 Jul 2022
08 Jul 2022
Industry Sector
Finance - General
Employment Type
Full Time
Description of the Business Line or Department

MARK/PRM proposes a unique continuum of expertise that offers unparalleled global access to a complete cross-asset service in cash and listed derivative instruments across Equities, Fixed Income, and Over-the-Counter ("OTC") Derivatives (Foreign Exchange, Rates and CDs).

MARK/PRM offers a client-focused model, a simple managed account structure (including a state-of-the-art prime brokerage web portal: Pulse) and a global 24/6 follow-the-sun service throughout the trade cycle.

Prime Brokerage and Clearing Sales as a single point of entry into Prime Services.

Offering clients unique cross-asset solutions across execution, clearing, custody and financing services.

Truly multi-asset and multi-instrument Prime Brokerage services across Listed Derivatives, Equities (cash/synthetic), FX, Fixed Income and OTC Cleared; with tailored financial engineering, portfolio management, and capital introduction & advisory.

Global Execution Services: a single point of access to more then 125+ worldwide markets and execution venues with state-of-the-art Quantitative Electronic Services.

Cross Asset Secured Finance providing clients with securities financing solutions, collateral management and agency lending.

Access to SG CIB's extensive pool of liquidity and tailored value added services that run from pre to post trading activities.

Summary of the key purposes of the role

The main responsibilities can be summarised as follows:
  • Provide support to the global head of Prime Brokerage product;
  • Partner, promote and manage coordination across product groups across PRM and EQD.
  • Work alongside Sales, COO, support functions and Business line head to deliver business plans;
  • Monitor business performance , profitability and scarce resources consumption;
  • Liaise with internal partners to deliver control and service improvements;
  • Ensure client excellence is delivered at all levels of the organization;

Summary of responsibilities
  1. Provide support to the EMEA head of Prime Product
  • Identify inefficiencies and simplify internal business line processes
  • By delegation ensure business sponsorship on product transversal initiatives
  1. Work alongside COO and regional/global business line heads to deliver business plans;
  • Ensure follow up on business plans as defined by product head
  • In coordination with product head and sales identify impediments to achieve revenue targets
  • Ensure escalation and quick follow up with support functions on identified issues
  1. Monitor business performance, profitability and scarce resources consumption;
  • Define and help implement necessary metrics that allow monitoring of business performance
  • Follow up on identified issues
  • Act as facilitator for transversal cost or revenue discussion with support functions
  1. Liaise with internal partners to deliver control and service improvements;
  • Active contribution in the definition and roll out of the control framework
  • Ensure individual business lines adhere to transversal control processes and procedures
  • By delegation act as point of escalation for control breaches
  • Participate in information gathering and presentation for internal and external audits
  • Contribute to New Business Committee ("NBC"),New Product Committee ("NPC") and New Market Access Committee ("NMAC") across all PBC business lines.
  1. Promote coordination across product groups in Prime Services;
  • Identify areas with insufficient coordination among stakeholders, and rapidly remediate issues
  • Define information sharing process to ensure stakeholders are given relevant information
  • Identify gaps in accountability and responsibilities wrongly delegated within the business line, support, and control functions and reinstate them into the appropriate functions
  1. Ensure client excellence is delivered at all levels of the organization;
  • Help build client Excellence across the organisation
  • Act as champion for our clients in workshops with the support functions
  • Ensure all contributors to the service provided to our clients take responsibility to resolve any issues and feel accountable for the service provided to the client.
  1. Key client contact
  • Where required an appropriate act as contact for key clients.
  1. Knowledge Management Responsibilities
  • Maintain up to date intelligence on market initiatives and products in the trading environment
  • Maintain understanding of financial markets, competitors and clients.
  1. Risk Management Responsibilities
  • Ensure full adherence to the operating procedures for PRM and applicable regulatory training requirements.
  • Work with PRM Risk to deliver suite of risk reports
  • Set up monthly business, PRM Risk and RISQ meeting to review EPB
  1. Conduct Responsibilities
  • Responsibility to adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility. It is your responsibility to ensure compliance with operational and conduct risk requirements (e.g data leakage, security policies and regulatory requirements).
  • Adhere to individual and where applicable department conduct rules in accordance with the FCA and PRA Code of Conduct rules
  • Responsibility for managing, controlling, preparing and escalating risk within the scope of your position and in line with existing policies.
  • Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory and statutory bodies, trading venues, etc that are applicable to your role and business line.
  • To assist in the self identification of all conduct related issues. Ensure escalation to appropriate stakeholder or function whether internal or external.
  • Adhere to business line mandates relevant to the role as directed by your manager
  1. Other
  • This description is intended to outline the main responsibilities for the role and is not an exhaustive list, responsibilities may vary from time to time as directed by your manager.

  • Investment banking/ financial services industry knowledge and experience
  • Excellent interpersonal skills and communication skills (verbal and written) with the ability to interact and communicate convincingly at all levels with the key decision makers in a variety of business lines, management and control functions across the bank.
  • Ability to be able to work independently on multiple conflicting priorities and under pressure until completion
  • Flexible and Adaptable
  • Excellent analytical skills and an aptitude for numbers with excellent attention to detail
  • Solution-focused, service-oriented and proactive
  • Team player, proactively shares information and collaborates with others
  • Exemplary professional conduct
  • Self- motivated, proactive and entrepreneurial
  • Capability to prioritize and organize
  • Strong senior stakeholder Management Skills
  • Ability to develop relationships based on trust and professionalism
  • Language requirements if applicable are as defined to support the role purpose and coverage areas. (English is the business language for SG).
  • SG Leadership Model competence as defined for individual contributors

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