Vice President- Middle Office Solutions

Middle Office Solutions Pune, India


Description

Vice President- Middle

Office Solutions

Pune

 

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with more than 7,000 staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

As a core member of our Middle Office Solutions team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon. The MOS department provides an extensive suite of middle office solutions to clients within three main pillars; Trade Operations, Collateral  Operatons and Treasury & Cash Management. Trade Operations includes matching client’s trades on trade date (T) with trading counterparties, providing break resolution, OTC confirmation, PB fails monitoring. Collaterral, Treasury and Cash Management incudes collateral management (independently calculating variation margin and assisting clients meet their daily margin calls) and Treasury (facilitating the payment of invoices, transfers, margin, OTC settlement). Using our innovative proprietary technology, MOS offer these services to all business lines.

 

Your Role:

  • This is a senior management level position responsible for accomplishing results through the management of a team of ~30 FTE to process exchange of collateral, Cash settlements on behalf of our clients
  • You will demonstrate an ability to take on a multi-faceted role, lead and manage MOS in the areas of client relationship management, team management, business development and risk management
  • Collateral and Treasury/Cash Settlements product owner for Pune, India
  • You will assist with building out a best in class MOS Pune/Global operations team
  • You will provide oversight to AVPs in that the day-to-day operations are completed accurately, timely and mitigate against risk
  • You will be responsible as MOS Pune Relationship lead for a number of clients
  • You will coach, develop and provide guidance to AVPs and MOS teams while creating an environment that motivates, rewards, and supports the team
  • You will communicate Citco’s organizational vision and goals to teams in addition to reviewing department goals within MOS
  • Provide detailed business control metrics to superiors
  • People Management and ability to drive large program initiatives/projects.
  • Regular Evaluation/Improvement of control environment
  • You will encourage teams to be proactive in identifying potential issues and escalate where appropriate
  • You will own and develop the MOS Pune’s Risk Framework including accurate and timely incident recording and completion of action plans, providing risk reporting to global stakeholders
  • You will propose and develop department-wide operational improvements in consultation with the SVP
  • You will oversee the completion of regular performance discussions among teams and lead HR initiatives department wide
  • You will participate in Succession Planning and Resource Management that includes participating in interviews and the selection process of new joiners to Citco
  • You will play a key part ensuring headcount targets are being achieved, including accurate monthly reporting 4cast Vs actual; manage HC submissions, workflow and producing accurate key metrics
  • You will ensure team’s adherence to Global Policy and Procedures
  • You will assist in the efforts of acquiring new business as well as manage and retain existing client relationships
  • You will play a key part in local and global initiatives interacting with other Citco global offices and technology groups. You will support the team to ensure projects are planned, coordinated and seen through to completion
  • Initiate/participate in MOS’ local/global projects,  Co-ordinate and ensure adequate UAT performed on new releases
  • Present to senior management product updates including current state (performance, bugs, etc.) and future state plans
  • Vendor Management (Ensure vendor SLA being met, fee tracking, oversight, etc.)
  • Oversee incident management for MOS Collateral Management & Treasury/Settlements in COE/Pune
  • Lead point of contact for MOS from a relationship management standpoint for their clients

 

About You:

  • You have a proven track record of being dedicated to servicing a group of high profile Alternative Investment Funds
  • You have a Bachelor’s Degree in Accounting / Finance / Economics or comparable Middle Office experience
  • You have 12+ years’ experience in the Hedge Fund industry, Very strong knowledge in Collateral Management/Operations and Cash Settlements Operations
  • You have Strong product knowledge on OTC derivatives, equity swaps, fixed income products, options, futures, forwards and all equity-underlying products
  • You have Sound understanding on derivative trade workflow and its related cash settlements
  • You have minimum 8 + years’ experience successfully managing a large group
  • You have strong project management skills, with proven record of accomplishment of accomplishment
  • You have proven client relationship skills
  • You have strong knowledge of Microsoft Office.

 

Our Benefits

Your wellbeing is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

 

We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.