Roles & Responsibilities - include specific functions/ tasks/ performance objectives
Asset Management Operations has a large presence in Mumbai and a growing presence in Bangalore - this requires operations leadership/expertise in managing large teams in a matrix environment. The current position is for an Vice President role. Candidates should have a very strong Ops experience.
The candidate will be required to oversee and be responsible for managing Ops businesses in Mumbai for the International Private Bank in specific regions.
The candidate will have a direct reporting line into the ED / Vice President – Securities Operations and will be directly responsible for the day to day operations, including transaction processing, client service and Operational & Systemic controls.
The candidate will be responsible for understanding the key metrics and risk components within each process within the Operations world and manage the team to meet the financial goals and objectives put forth by these processes, while partnering globally with the regions where the business operations are located. The candidate will be responsible for maintaining staff and budget requirements.
/ Direct & Indirect Responsibilities would include / :-
* Responsible for meeting client deliverables with a high level of timeliness and accuracy
* Develop an environment of continuous focus on quantifiable productivity and quality.
* Constant and regular review of processes and performance with focus on improving departmental competency / performance rating.
* Identify business knowledge gaps and ensure everyone has ownership of deliverables.
* Interact with global location managers in an effective and professional manner.
* Foster and champion High Performance Culture where people are empowered to make decisions that affect their work/environment.
* Monitors all relevant Management Information System data ensuring all issues have been resolved expediently.
* Responsible for leading and managing multiple projects
* Identifies department strategy and goals related to broader organizational goals and direction.
* Constant and regular review for direct reports. Set expectations with direct reports, regarding positive motivation and leading through accountability.
* Develop and lead a team that is responsive to dynamic organizational and operational changes.
* Accountability for Performance Management and Talent Review process.
* From a training perspective, responsible for ensuring training is taking place and that it is within budget.
* Responsible for risk management and audit to the business.
* Participate in special projects such as, data clean up, process improvement analysis, strategic projects.
* Develop and report metrics to monitor progress and identify opportunities for change.
* Meet internal clients/partners service level agreements and work collaboratively to establish goals.
* Establish action plans for any control self assessment items
/ Functional Responsibilities: /
* Operationally leading the process of incoming & outgoing transfers of assets
* Leading the Middle office operations including settlements of trades, release and monitoring of swift messages for brokerage and Investment managed clients
* Leading the Alternatives investments operations team for Private Equity, Hedge Funds & Mutual Funds
VP will be managing teams which are responsible for:
* IM Trade Support and Derivatives Middle Office team is a very critical team in AM Ops -- India. This team is responsible for managing the trade matching, confirmations and resolving trade breaks across Equities, Fixed Income, FX, Derivatives (OTC & ETD), CFDs.
* The said position is currently providing oversight and coverage to these teams. A VP-role is required to have a strong domain & functional expertise. The candidate is required to have strong securities background specifically having hands-on exposure to Derivatives business. He should be able to understand the market nuances, Operating model, business landscape and touch-points across various market participants.
* The candidate is required to develop and maintain the strong working relationship with all the onshore teams. This is the most critical function which needs to be covered late in the North America time-zone.
Essential Skills & Experience -- include specifics regarding academic/ professional qualifications (e.g. degree, university, results), # yrs total and # yrs relevant work experience, relevant employers, relevant experience (nature of work/ job functions)
Core Skill-sets
* Strong knowledge of International Banking and financial services operations.
* Strong Securities background and ability to work in a matrix org
* Exposure to transaction analysis & tax transferring
* Worked in initiatives to strengthening the control environment in business
* Relationship building skills - To develop and build working relationships with diverse groups and senior executives.
* Client focus - Role involves servicing High Profile Private Bank client facing teams and ensuring that a super client experience is one of the key deliverables for the team.
* People management - Should be able to manage large teams as well as manage the expectations of people.
* Leadership skills to drive discussions, lead the group.
* Having global exposure and in-depth understanding of entire trade life cycle
* Exposure to non banking financial services.
* Must have managed large teams across multiple locations
* Excellent in communication & interpersonal skills
* Collaborative and inclusive approach in terms of decision making and consensus building
* Ability to articulate, influence and drive change by first focusing on creating strong credibility
* Ability to question status and connect with people at the grass root level and invest in their development
* Willingness to roll up his/ her sleeves, understand details and also be able to see the big picture
* Lead by example and demonstrate the right values and beliefs- ability to drive business results through his/ her people.
* High Ownership and accountability- affinity for numbers and attuned to driving metrics
* Control orientation and Risk awareness- Candidate must possess an eye for detail and must be able to create an environment of control and compliance.
* Have an affinity or ability for systems thinking and must be able to independently drive Technology initiatives within the Ops business.
* Should be willing to work US hours given the fact that most of the functions are US based, facing off to middle offices and front office support groups.
Competencies:
* Leadership - Leads by example and is an effective role model (e.g. takes the lead and actions reflect an appropriate level of independence; demonstrates the ability to initiate and effect change and continuous improvement, contributes significantly to the on-going development of people.
* Thinking Strategically - Be able to drive positive changes, promote ownership and demonstrate "My business Mentality".
* Manages Relationships through inclusively and is able to actively manage stake holders and demonstrate collaborative team work.
* Communication - Is organized, clear and confident in written and oral communications. Actively engages in discussions offering expertise, opinions, advice and is able to communicate incisively at all levels.
* People management: Manages his teams through active engagement and develops key talent. Must be able to flex his/ her style to get the best out of the people
* Teamwork - Creates and/or contributes to an environment of collaboration and mutual responsibility (e.g. effectively influences others to gain cooperation and address issues; initiates and is responsive to requests from other products, regions, etc.)
* Should be creative and innovative; challenges status quo; generates strategic advice/product/client solutions
* Have a track record of formulating innovative ideas and gaining buy-in from senior management in addition to a track record of execution/delivery/process improvement/leadership in a challenging environment
Education/Professional Qualifications:
* MBA / Post Graduate from recognized institute / University with 10 years of relevant work experience.
**Job:** **Data Entry*
**Organization:** **ASSET MANAGEMENT*
**Title:** *Vice President- AM IMA Trade Operations*
**Location:** *IN-MH-Mumbai-Prism Towers / 31002*
**Requisition ID:** *160085294*