Derivatives - Assistant Vice President

Role Overview : The Assistant Vice President (AVP) Over the counter derivatives in the Global Process Delivery - Derivatives Department is responsible for ensuring team’s compliance with operating policies, procedures and guidelines in relation to the completion of OTC deliverables. They are also responsible for team development, staff management and enhancing client satisfaction. You will be expected to direct and plan the department’s activities with a major focus on department strategy, change management, resource planning and development, client relationship management and risk reduction. This position offers the successful candidate the opportunity to demonstrate leadership, communication and technical expertise. They are responsible for implementing company policy, overseeing client deliverables and contributing to the development of the team and the organization. The candidate is expected to be flexible with shifts.

Responsibilities & Tasks Include: § Leads and manages the assigned department and takes complete ownership for strategic initiatives § Take responsibility for the quality of service to assigned clients. § Perform and/or monitor quality and internal controls for all team deliverables. § Plan and manage the daily processes and service delivery deadlines, through the effective utilization of resources with the support of the Vice President. § Review Bank standard operating procedures and controls, and evaluate the continuing effectiveness of these as they relate to the team’s funds. Ensure documentation exists for any client-specific procedures. § Ensure contingency plans exist for the work of the team. Where necessary, contribute to the business continuity plans and tests. § Participate in the development, testing and implementation of new systems and products. § Assist with planning and management of all relevant project work. § Lead and motivate your direct and indirect reports. § Set and maintain standards of personal and professional performance/behaviour; ensuring staff accountability and adherence to company policies and procedures. § Provide coaching, guidance and support to staff on technical, professional and client issues and agree goals, monitor and appraise the performance of staff. § Assist with recruitment of new staff § Conduct regular and structured team meetings ensuring action points are followed up. § Establish and maintain good working relationships with clients, third parties and colleagues, communicating effectively through formalized reporting and ad hoc liaison. § Assist with client initialization and transition. § Responsible for the setting and achievement of specific department performance targets and objectives § As a member of the senior management team lead, direct and manage the department § Exercise operational oversight within the department and make sound operational decisions § Cultivate a culture of collaboration within the team and across the business § Drive the implementation and adoption of new technology § Support the optimization of the operating model and capacity creation § Maintain managerial oversight of all operations within your team § Ensure all teams are properly resourced to deliver high quality service § Assume responsibility for the implementation of client specific projects (new business development review, planning & roll out) § Monitor adherence with the corporate compliance and risk management policies and controls within the teams; § Conduct performance planning and reviews for direct staff members § Own all aspects of resource planning including succession planning, staff development and staff retention initiatives; promote cross training, resource sharing and job rotation across teams/departments; participate in the recruitment process § Constantly review the risks applicable to your area and ensure these are adequately mitigated through controls and BCP strategy § Provide regular feedback to Vice president and other senior colleagues regarding the operations and business