Supervise all aspects of the OTC Derivative trade processing function, ensuring that all key controls are completed and any issues are appropriately escalated.

• Supervise all aspects of the OTC Derivative trade processing function, ensuring that all key controls are completed and any issues are appropriately escalated.
• Mitigate LGIM exposure risk through active management of the accurate trade booking and confirmation of all OTC Derivative asset classes
• Supervise the resolution of day to day operational issues and resolve anomalies to ensure high-level of customer service and accurate transactions.
• End to end understanding of all team tasks and how they relate and impact all processes, ensure standard ways of working are consistently applied
• Maintain detailed knowledge of platform operation processes and procedures
• Management and monitoring of KRI’s/KPI’s on a day to day basis.
• Work in conjunction and strengthen relationship with Investments, Valuations and Pricing teams to identify root causes of trade booking issues and queries and look to make changes where appropriate.
• Ensure all cash movements are booked/authorised by the team in Quasar, ensuring cash is released in time to meet settlement deadlines.  Escalating any aged breaks to brokers/custodians and working towards a resolution.
• Management of cash settlement fails by communicating with counterparts to achieve settlement in a timely manner and escalating where appropriate.
• Regularly review and ensure any changes/improvement to processes are recorded in the team procedures.
• Proactively identify processes/opportunities within the team that can benefit from cross-regional coverage.  Demonstrate analytical, problem solving and business process re-engineering capability by ensuring that implementation is managed in an optimal fashion in conjunction with offshore locations.
• Contribute to developing the cross-regional relationship between London and Chicago offices.
• Challenge existing processes and look to make improvements to deliver efficiency savings and strengthen the control framework.
• Contribute to the departments long term strategic initiatives and undertake testing when required
• Supervise new business initiatives and fund launches, ensuring the DTS team are adequately prepared for go-live.
• Ensure the team is adequately resourced, with cross training and coverage maintained at all times
• Carry out regular 121’s, team meetings and performance reviews to ensure information is cascaded throughout the team and any performance issues are addressed.
• Be accountable for sign-off of teams Risk Management system controls and checklists. Continuously review controls and check lists to ensure in line with current business processes.
• Robust support and implementation of projects/initiatives.
• Foster a work environment that is conducive to the retention of a skilled and effective workforce
• Assist with the recruitment, development and engagement of team members, ensuring staff are clear of their responsibilities including daily targets.
• Establish strong relationships and work in conjunction with Investment Operations, Custodians, Brokers and Counterparts.
• Maintain technical capability for role, keeping abreast of market, industry and Regulatory developments and changes.

Essential

• Strong understanding of:
  • Key OTC derivative lifecycle processes e.g. trade booking/ confirmation/settlements/reconciliation
  • OTC Derivative Rates & Credit products
  • Markitwire/DTCC Electronic confirmation platforms
  • ISDA Definitions
  • OTC Clearing processes
• Previous experience of supervisory responsibilities
• Ability to work to strict deadlines
• Proactive approach to work with a focus on improving processes and key controls
• Good written and verbal communication skills
• Team player who is flexible in their approach to work
• Self-assured networking across Front Office and Investment Operations environments.
• Ability to understand issues, find creative and innovative solutions to problems.
• Robust communication skills both verbally and written, with an ability to successfully articulate issues clearly and logically.
• Strong analytical and written skills

Desirable

• 2:1 Degree or equivalent.
• Previous use of Lombard Oberon/LineData Beauchamp/TLM/Quasar/Swift Alliance
• Understanding of industry initiatives
• Understanding of Regulatory reporting requirements EMIR/MiFid

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, at least 22 days’ (with potential to rise to 25 days) holiday, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.