Equity Operations Manager
The Operation Manager will be responsible for overseeing the daily support of all trading activities related to the Equity Business. Candidate should be able to work in fast paced environment and one that is continually changing/developing. Candidate must be proactive in adapting workflow to accomoodate needs of the business, and must understand the importance of automation and the role it plays in keeping up with trade volume and scaling the business. Candidate must also understand the importance of identifying control gaps and solving for them tactically and strategically.
Principal Responsibilities
Oversee Trade Date affirmations/confirmations across all equity products
Oversee Daily T+1 trade/position/cash/market value reconciliations.
Oversee daily trade settlements/fails and fail resolution
Oversee corporate action processing
Oversee PB billing, commissions, and daily transfers of balances across prime brokers.
Mitigate operational risk by ensuring timely completion of recs and resolution of breaks.
Solidify relationships with multiple prime brokers/custodians.
Coordination with various internal departments on trade issues (business, trading, technology, accounting, middle office, compliance, legal)
Produce and regularly update policies and procedures
Focus on process enhancement and efficiency. Identify process gaps and weak controls.
Qualifications/Skills Required
Bachelors' degree required
16+ years relevant experience in equity operations / support
Strong knowledge of financial instruments with emphasis on equities
Working knowledge of fixed income cash and derivatives as well as futures and options will be an advantage
Ability to implement and maintain new systems, procedures, and controls
Strong communication and interpersonal skills
Must be able to work under pressure and meet strict deadlines
Omgeo / CTM / Oasys / TLM / Gresham CTC/Imagine experience an advantage
Must be able to work independently