Securities Operations / Associate Vice President
City of London
Hybrid (3/2 split)
Contract
£473 per day (via Umbrella)
cer Financial are working alongside an international bank, who are based in the City of London. They are seeking a Securities Operations / Associate Vice President to work with them a contract.
The responsibilities of the Securities Operations / Associate Vice President will include:
- Execute and monitor end-to-end trade processing for Repo, Credit Bonds, and other fixed income instruments.
- Ensure timely and accurate trade confirmation with counterparties via platforms such as MarkitWire, SWIFT, or email.
- Oversee settlement processes across global markets, ensuring alignment with market cut-offs and regulatory requirements.
- Manage tri-party repo transactions
- Liaise with tri-party agents (e.g., Euroclear) to ensure smooth processing and resolution of issues.
- Ensuring compliance with internal and external guidelines.
- BAU Operations & Controls:
- Maintain daily BAU processes including reconciliations, exception management, and reporting.
- Investigate and resolve trade breaks, unmatched trades, and settlement fails.
- Ensure adherence to internal controls and escalation procedures.
- Apply deep understanding of fixed income instruments, including credit bonds, sovereign debt, and structured products.
- Stay current with market practices, regulatory changes (e.g., CSDR, SFTR), and industry developments.
- Collaborate with front office, risk, compliance, and technology teams to resolve operational issues.
- Build strong relationships with custodians, counterparties, and clearing agents.
- Identify and implement process enhancements to improve efficiency and reduce operational risk.
- Participate in system upgrades, UAT testing, and strategic initiatives.
The successful Securities Operations / Associate Vice President will have:
- Educated to degree level
- Strong understanding of fixed income instruments, especially:
- Repos (bilateral and tri-party)
- Credit Bonds (corporate, sovereign, high-yield)
- Familiarity with trade lifecycle and settlement processes
- Knowledge of tri-party agents (Euroclear)
- Experience with confirmation platforms (e.g., MarkitWire, SWIFT)
- Proficiency in Microsoft Excel (pivot tables, formulas; VBA is a plus)
- Experience with settlement systems (e.g., DTCC, Euroclear, Clearstream)
- Exposure to collateral management tools and reconciliation platforms
- Ability to identify and resolve trade breaks and settlement issues
- Good understanding of risk and control frameworks
Experience in:
- CSDR (Central Securities Depositories Regulation)
- SFTR (Securities Financing Transactions Regulation)
- MiFID II
- 3–5 years of experience in Securities Operations, preferably in:
- Fixed Income Middle Office
- Repo and Collateral Operations
- Trade Support or Settlements
- Trade confirmation and settlement
- Tri-party repo processing
- Credit bond lifecycle events
- Daily BAU operations and reconciliations