14 days old
2018-01-022018-01-30

Securities Operations Program Manager

Boston, MA 02111
  • Job Code
    592106
  • Payrate
    $75 To $80

Clearing and Operations Consultant


The Clearing and Operations Consultant will help validate client's clearing and net settlement platform in support of custody clients who will trade US equity securities in high volumes. This individual will help implement an operational excellence program for custody clearing and net settlement which will span Global Markets and Global Services. This individual will help achieve production readiness by ensuring operational procedures are documents, relevant testing has been performed and the day one team is appropriately established to support live activity.


This individual will participate in business analysis project planning and management by documenting and maintaining plans, managing issue logs and preparing project documentation. They may oversee the acquisition, analysis and dissemination of subject matter knowledge and provide technical and business knowledge where appropriate. This individual will conduct research on industry practices and standards and other benchmarking data.


Once live in production this individual will validate that the daily end to end operational process has been successfully completed and any issues are rapidly identified and escalated for evaluation by the core business and operations team.


This individual will consult with operational leads and business partners across Global Markets and Global Services to:


- Prioritize: Validate the custody clearing and net settlement operating model


- Design: Create a plan to identify the highest areas of operational risk in order to scale business with clients in manner that minimizes operational failure: Establish a detailed implementation plan with formal milestones and defined outcomes


- Measure: Provide operations management and leadership with metrics to validate the impact of the operational efficiencies and continually monitor variability across critical functions (timing, process flow, volumes, etc.)


- Improve Operational Responsiveness: Enable response to issues or trends before they can have a broader impact


- Research and gather business/system requirements through the facilitation of end user meetings and user interviews


- Analyzing current processes to identify gaps and improvement opportunities and solutions


- Decompose abstract and complex details/concepts into business and functional requirements that can be understood by the stakeholders (i.e. end users, developers, testers, etc.)


- Assist in the development of conceptual modeling and process workflows to illustrate current and future states


- Assist in the development of detailed business and functional requirement documents


Strategy & Planning


- Help validate assumptions made around our Operational Readiness to support high volume clients; assist in thinking through the long term impact as we scale the business


- Help with Operations Transformation effort by assessing the trading, clearing and settlement activities across teams and provide input to the design the future state


- Help bridge operations teams (particularly between Global Markets and Global Services) and identify any potential synergies or duplications in the technology or processes used


- Build a roadmap and implementation plan to address metrics, process flow, automation and work load distribution


- Factor in business expansion plans, audit remediation plans, and regulatory outlook


Development, Acquisition & Deployment:


- Coordinate and facilitate consultation with Global Markets, Global Services and Technology stakeholders to agree on operations and systems requirements to enable operational excellence strategy


- Assist in designing a strategic roadmap that helps us achieve our financial goals while managing risk and delivering high quality services to our clients and business partners


- Define and communicate implementation plan and desired outcomes


Critical Skills/Knowledge:


- Management experience with strategic initiatives that impact Securities Operations covering regulatory, risk and control and productivity changes that affect operations globally


- Work delivering product enhancements for Broker Dealer, Prime Broker & Custody platforms to improve matching and settlement efficiencies


- Ability to identify cost savings and process improvements to reduce operational spend and achieve greater efficiencies with Agent Banks, Utilities and Market Infrastructures


- Track record of collaboration with various Operations teams to identify best practices for self-clearing that covers settlements, dividends, corporate actions, taxes and regulatory requirements impact


- Product management experience for Operational Risk Analysis across securities and cash settlement platforms


- Track record of identifying issues in Operations, Legal, Trading, Risk, Tax, Treasury, Dividend, Corporate Actions and Settlement Departments with proper engagement of each department as well as Senior Management to remediate problems


- Self-starter and critical thinker with an extensive product knowledge of Security Ops processes and able to drive projects to completion while working across a number of disciplines


- Experience setting up new clearing relationships for electronic trading platforms


Additional Description:


"This individual will consult with operational leads and business partners across Global Markets and Global Services to:


- Prioritize: Validate the custody clearing and net settlement operating model


- Design: Create a plan to identify the highest areas of operational risk in order to scale business with clients in manner that minimizes operational failure: Establish a detailed implementation plan with formal milestones and defined outcomes


- Measure: Provide operations management and leadership with metrics to validate the impact of the operational efficiencies and continually monitor variability across critical functions (timing, process flow, volumes, etc.)


- Improve Operational Responsiveness: Enable response to issues or trends before they can have a broader impact


- Research and gather business/system requirements through the facilitation of end user meetings and user interviews


- Analyzing current processes to identify gaps and improvement opportunities and solutions


- Decompose abstract and complex details/concepts into business and functional requirements that can be understood by the stakeholders (i.e. end users, developers, testers, etc.)


- Assist in the development of conceptual modeling and process workflows to illustrate current and future states


- Assist in the development of detailed business and functional requirement documents"


"- Management experience with strategic initiatives that impact Securities Operations covering regulatory, risk and control and productivity changes that affect operations globally


- Work delivering product enhancements for Broker Dealer, Prime Broker & Custody platforms to improve matching and settlement efficiencies


- Ability to identify cost savings and process improvements to reduce operational spend and achieve greater efficiencies with Agent Banks, Utilities and Market Infrastructures


- Track record of collaboration with various Operations teams to identify best practices for self-clearing that covers settlements, dividends, corporate actions, taxes and regulatory requirements impact


- Product management experience for Operational Risk Analysis across securities and cash settlement platforms


- Track record of identifying issues in Operations, Legal, Trading, Risk, Tax, Treasury, Dividend, Corporate Actions and Settlement Departments with proper engagement of each department as well as Senior Management to remediate problems


- Self-starter and critical thinker with an extensive product knowledge of Security Ops processes and able to drive projects to completion while working across a number of disciplines


- Experience setting up new clearing relationships for electronic trading platforms


"

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Securities Operations Program Manager

Randstad Technologies
Boston, MA 02111

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Boston, MA
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