Lead Manager, Middle Office

The Bank Of New York Mellon ,
Manchester, Greater Manchester
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Overview

Job Description

FX Prime Brokerage (FXPB) is a trade intermediation service, which allows clients to execute with a number of liquidity providers, including ECNs and Non-Bank Market Makers via their own trading connections, and then give the trade up post execution to BNYM who acts as single, centralized credit counterparty. FXPB is not involved in the execution or price formation process. It is a post trade service which allows clients to achieve margin, credit and operational efficiencies. It offers automated, real-time matching, allocation and booking service with Intra-day credit controls for both clients and executing dealers. The Bank seeks an experienced client facing professional in Foreign Exchange and Options products to work in the newly developed Global Prime Brokerage Unit to manage European region Core Responsibilities: Manage the FX Prime Brokerage team located in Manchester, London reporting to the global manager Manage sophisticated client issues with the ability to solve problems and enhance client trading, operations and accounting relationships. Provide thought leadership in the identification of opportunities to improve efficiency by reviewing work processes from a new perspectives Develop and work on complex processes and make pro-active recommendations for process improvements and enhancements Managed trade verification, confirmation settlement, accounting and reconciliation of Foreign Exchange product. Options knowledge is a plus. Assist technical support staff in identifying and resolving defects Execute business plan/strategy for functional area Conduct comprehensive training sessions to staff including detailed process flows and procedures Conduct client on/off site visits to provide demos of the FXPB services and to cross sell products A minimum of 5 years of management experience in the investment services industry, preferably with a background in FXPB or Operations Excellent verbal and written communication skills Strong client service ethic Ability to work without close supervision, organize, manage and prioritize work Well organized and able to work under pressure in order to meet tight deadlines and client expectations Analytical thinking and problem solving ability Intermediate knowledge of MS Excel and MS Word

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