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Head of Clearing Operations Control Team Vice President
Morgan Stanley
Singapore, , Singapore
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Description
Background of Listed Derivatives Clearing
Global Listed Derivative Operations is a front-to-back operation, comprising of approximately 220 employees globally. The team supports Firm and Client Listed Derivative trading and clearing. The core functional areas are Trade Support, Control, Client Service, and Account Services. Global offices include New York, Baltimore, London, Glasgow, Singapore Mumbai and Bangalore.
Job Description
This is a full-time position for an individual at the VP level within the Singapore Listed Derivatives Operations team. The successful candidate will lead the Listed Derivatives Operations Cash Funding and Reconciliation teams. The Cash Funding team is responsible for managing daily margin movements for Asia CCPs, Intercompany and margins for clients trading and clearing Listed Derivatives on Asian Exchanges. The Reconciliation team is responsible for T+1 Cash, Trade and Position and Client Money reconciliations for Asia CCP and intercompany accounts. Market coverage includes SGX, HKEx, TAIFEX, KRX, MDEX, NSE, BSE and MSEI. Listed Derivatives trading and clearing requires strict adherence to regulation and Client Money Rules.
Key Responsibilities
• Lead and oversee the Listed Derivatives Cash Funding and Reconciliation teams (11 individuals), reporting to the Head of Asia Derivatives Clearing based in Singapore
• Responsible for managing all risk aspects, provide support on audit reviews and manage control related activities to ensure a sound control environment
• Provide supervisory oversight for accurate and timely regulatory report submissions
• Work closely will key stakeholders to ensure the day to day Collateral process and Reconciliations are conducted in a timely manner
• Responsible for ensuring team adheres to all internal policies, procedures and external regulatory requirements.
• Identify, prioritise and deliver efficiency related projects
• Contribute to projects relating to new markets/business/technology
• Ability to understand the details and drive the strategy to improve the control environment
• Build cross-divisional relationships; gain support and respect from key stakeholders (Business Unit, Operations, FCG, Legal and Compliance)
• Proactively identify regulatory and financial risk
Qualifications
• At least 10+ years experience in the financial industry with at least 3 yrs specific experience within Listed Derivative Operations
• Experience in Collateral Management, ideally in Futures Client Clearing
• Team management experience a must
• Thorough understanding of the collateral governance and control environment
• Confident is facing off to senior stakeholders, strong communication and networking skills
• Strong controls background with previous track record in implementing and maintaining key business controls
• Strong grasp and understanding of Regulation and Customer Segregation rules across Asia and global jurisdictions
• Individual needs to be performance-driven, proactive, with proven ability to take on challenges, set and execute agenda
• Strong Leadership and management skills and successful track record of talent development
• Candidate should be able to take ultimate responsibility for developing team performance, morale, trust and respect
• Candidate should be able to organise themselves efficiently, keep track of multiple outstanding items and meet tight deadlines
• Candidate should be a dynamic self-starter with the ability to work either on their own initiative as well as be a solid team player