CassonX are delighted to be recruiting for this fast growing Asset Management business, that has access to substantial AUM due to being part of a conglomerate of companies specialising in life insurance and pensions funds, with focus on long-term savings and retirement business in the form of workplace pensions and SIPPs as example, but also corporate pension trustee services. The company is going through a huge amount of change and growth here in the UK, and are looking to identify those who would be excited to be part of the improvements and assistance in building high performing teams needed. They work a hybrid model in all roles, and there is always opportunity to earn 32% bonuses dependant on performance, as well as a competitive benefits package.
To be considered for this role we are seeking a highly skilled and experienced individual to join the team as the Head of Derivative and Collateral Operations. As the "Head Of" this critical function within the Asset Management Middle Office, you will play a pivotal role in overseeing the operational control of their Derivatives and Collateral Management processes while supporting the governance framework of their organization. You will initially have responsibility of 10 staff, split across 3 separate UK locations, however will fully expect this to grow significantly over time as their investment strategy matures and develops with a more direct model. It is worth noting that this is a strategic role, but at first there will be a lot of initial projects and getting your hands dirty to help build the function, and you should be excited in anticipation of this.
The ideal candidate will be responsible for managing the department providing Middle Office services for a diverse range of derivative asset classes, including cleared and bi-lateral OTC Derivatives, ETD Derivatives, Repo, and Collateral eligible stock, and to build solid relationships with the firms counterparties. It will be expected that you have sound knowledge of UMR processes, and familiarity with onboarding newly traded OTC Derivative products (for instance TRS, CDS, or REPO). You will also be highly proficient with dealing with internal and external stakeholders, with proven experience of managing relationships with multiple counterparties, outsourced services, administrators and vendors as example. You must have proven leadership experience, ideally but not essentially across multiple locations, but managing managers and championing and deciding strategic business decisions as example. Preference to those who have created MI processes for your function, knowledge Aladdin, and of course those coming from the buyside in a major Asset Management or Custodian firm.
Further knowledge of the role includes:
- Design and implement a target operating model for the Derivative and Collateral Operations team, ensuring effective oversight of outsourced Collateral Management, direct-originated trade lifecycle, counterparty management, Derivative and Collateral management information (MI), and new instrument operations implementation.
- Oversee and manage counterparty relationships, including onboarding of new counterparties. (Review and oversee ISDA, GMRA, CSA etc. agreements)
- Manage transitions and change management processes, such as onboarding new managers, portfolios, and counterparties into their collateral model.
- Managing a growing team.
- New instrument implementation.
More information provided to those who can provide a relevant CV.