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Operations
This section contains all our operations jobs in financial services firms.
Unlike the people working in the front office of an investment bank, fund manager, or alternative investment house, operational finance professionals don't liaise with clients to generate revenues and profits for the bank. Instead, the operations division is a support function - operations professionals support people and deal flows in the front office to make sure everything works smoothly and the bank gets paid.
The main business of an operations job is clearing and settling trades. Clearing trades involves making sure that the records one bank has kept of the sale of a financial security match those of the bank or organisation it sold the security to. In most cases, simple trades are cleared automatically through huge electronic systems such as the Brussels-based Euroclear.
Settlements professionals ensure that stocks or shares bought and sold by the bank's traders are exchanged for the correct amount of money. A settlements job is essentially a processing and controlling position. It involves matching instructions with counterparties, and arranging and monitoring payments.
Settlements covers everything from preparing the documentation required for a sale to making sure the bank has been paid for all the shares it has sold and bought. Settlements professionals also resolve any problems with counterparties if they arise, and they review unsettled trades to ensure timely completion. Many jobs require knowledge of systems such as CCASS, DCCASS and SWIFT, and Euroclear/Clearstream.
With financial services operations increasingly automated, most operations sector jobs involve intervening when electronic systems fail (so-called 'exceptions'), or devising new ways of making technology systems and operations processes work more efficiently.
Clearing and settlements junior staff spend a lot of time dealing with the exceptions. Their role is to work out what went wrong. A large proportion of simple clearing and settlements work takes place in low cost centres such as Mumbai or the Philippines.
Closer to the trading floor is the role of the trade support officer. This can cover a whole range of different asset classes, from equities and bonds to commodities or derivatives. Trade support officers deal with any queries a trader might have - everything from reconciliation issues to any discrepancies between the various counterparties involved in the trades.
Advanced operations jobs higher up the hierarchy are more strategic in nature. Operations departments employ a lot of project managers and business analysts who look at, for example, ways of streamlining the exceptions process, or working with off-shored teams to determine how to make processes work more efficiently and (further) reduce costs.
It's not only banks that employ settlements staff - hedge funds settlements professionals, for example, ensure trades are booked and reported to the prime broker/custodian.
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| Business Analyst - Project Manager - Operations Change - Equity Derivatives - London | Alexander Ash Consulting AVP - VP | UK-London | 16 May 12 |
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Our client, a leading Tier 1 Global Investment Bank requires Business Analysts and Project Managers at AVP and...
| EMEA FUNDING MANAGER, VP | Morgan McKinley NA | UK-London | 16 May 12 |
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My client currently seeks a VP to manage their expanding Cash, Collateral and Liquidity function in Europe and...
| Business Analyst - Reference Data | Alexander Ash Consulting Base + package + bonus | UK-London | 16 May 12 |
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My client is a leading tier 1 investment bank that is currently initiating a global front to back strategic pr...
| Business Analyst - Operations Migration | Alexander Ash Consulting Day Rate | UK-London | 16 May 12 |
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Our client is a leading tier 1 investment bank looking for a detailed Business Analyst within their Emerging M...
| Physical Energy Contracts/Trade Support | Marlin Selection Excellent | UK-London | 16 May 12 |
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A top tier investment bank is looking for a physical energy contracts/trade support specialist for their Londo...
| GSAM, Product Documentation, Product Development - Senior Analyst/Associate | Not Disclosed Competitive | UK-London | 16 May 12 |
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Working as part of the Product Development team the candidate will lead all aspects of product documentation a...
| GSAM, Business Development Services - Analyst/ Associate | Goldman Sachs. Competitive | UK-London | 16 May 12 |
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The primary responsibilities of BDS are to complete RFPs, RFIs and to update Consultant databases. The Team is...
| OPERATIONS, COMMODITIES OPERATIONS, DERIVATIVES DRAFTING, ASSOCIATE/VP | Goldman Sachs. Competitive | UK-London | 16 May 12 |
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The Commodities Documentation team performs a critical control role in the timely reconciliation of risk booki...
| GSAM, European Shareholder Services, Transfer Agency, Analyst | Goldman Sachs. Competitive | UK-London | 16 May 12 |
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ESS is responsible for servicing the sales teams and investors of the Luxembourg, Ireland and Cayman domiciled...
| Transfer Agency Oversight Manager | Change International NA | UK-Edinburgh | 16 May 12 |
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Our client, a leading investment management house, is seeking a Transfer Agency /Third Party Administrator Ove...
| Transfer Agency Director | Mason Blake Ltd £90k base | UK-London | 16 May 12 |
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Transfer Agency - Operations Director
| Middle Office Operations Hedgefund | Kennedy Pearce excellent market plus bonus | UK-London | 16 May 12 |
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My client seek a bright, professional Operations Analyst with previous experience at a top tier investment man...
| Corporate Actions Supervisor | Argyll Scott International £45000 | UK-London | 16 May 12 |
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We are looking for a Corporate Actions supervisor to join a boutique Investment Management firm. We would ...
| Executive Assistant - Central Executive Team ( Perm/ Temp-Perm ) | Macquarie Information not provided | UK-London | 16 May 12 |
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We currently have the opportunity for an Executive Assistant to join our Central Executive Office, EMEA. Repor...
| Director of Operations for Global Asset Management/Fund of Funds | Selby Jennings QRF £70,000 - 110,000 base salary + exceptio... | UK-London | 16 May 12 |
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Due to the rapid expansion of this dynamic fund into new products and markets tthere is an increasing need for...
| (T) Physical Commodities Operations Manager | Macquarie Information not provided | UK-London | 16 May 12 |
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The Market Operations Division of Macquarie Bank is seeking a Physical Commodities operations specialist.
| (T) Executive Compliance Officer (FICC - Fixed Income Currency and Commodities) | Macquarie Information not provided | UK-London | 16 May 12 |
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This is an exciting opportunity to gain broader compliance experience within a growing commodities and physica...
| Investment Analyst | Ambition £40000 - £50000 per annum + Benefits | UK-London | 16 May 12 |
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An Investment Analyst opportunity with a leading Investment Manager.
| Senior Project Manager | Change Scotland NA | UK-Edinburgh | 16 May 12 |
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Our client, a leading investment firm, is seeking a Senior Project Manager to work within their Edinburgh team...
| Senior Project Manager | Change Scotland NA | UK-Edinburgh | 16 May 12 |
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Our client, a leading investment firm, is seeking a Senior Project Manager to work within their Edinburgh team...
| Property Investment Project Accountant/VP | Change Scotland NA | UK-Edinburgh | 16 May 12 |
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Our client, a leading investment firm, is seeking a Property Investment Project Accountant/VP to work within t...
| VP Risk Manager | Hays Financial Markets £Highly Competitive | UK-London | 16 May 12 |
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Major Investment Bank in the City is looking to hire someone to join their newly established Credit Risk team.
| Associate/AVP Product controller fixed income/credit – Leading tier one investment bank – London, UK, financial controller with fixed income and credit product control experience | GQR Global Markets Extremely competitive – relative to expe... | UK-London | 16 May 12 |
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A leading tier one investment bank is looking to appoint an associate/AVP fixed income credit product controll...
| Securities Operations Intern | Newedge not disclosed | UK-London | 16 May 12 |
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Working in the equities and fixed income team.
| EMEA Head of Client Services | Newedge not disclosed | UK-London | 16 May 12 |
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EMEA lead in the Client Services team, based in the UK.
| Client Relations Senior Review Officer | Morgan McKinley NA | UK-London | 16 May 12 |
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A Leading Financial Service company requires a Client Relations Senior Review Officer to join its London based...
| E Commerce Business Analyst | Investigo Specialist Market £50000 | UK-London | 16 May 12 |
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Candidates must have high profile e-commerce experience, ideally gained in a transactional commerce environmen...
| Assistant, Bullion Operations | HSBC £34-38,000 | UK-London | 16 May 12 |
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Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world....
| Commodities Derivatives Programmer | Citi not disclosed | UK | 15 May 12 |
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See job description below
| Regulatory Control/ Change Management Analyst | Citi not disclosed | UK | 15 May 12 |
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See job description below
