Pre & Post Trade ETD's & Clearing Operations VP

Pre & Post Trade ETD's & Clearing Operations VP

Join to apply for the Pre & Post Trade ETD's & Clearing Operations VP role at Santander Bank, N.A.

Country:
United States of America

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

The Pre & Post Trade ETD's & Clearing Operations VP, is responsible for supporting and protecting CIB ETD's & Clearing business activity by conducting end-to-end processes and controls throughout the complete Operations value chain while ensuring:

• Oversight of operations processes and controls related to ETDs and Over-The-Counter “OTC” cleared derivatives
• Resource & flow efficiency
• Quality in execution
• Strict control of the operational risks
• Provide effective product expertise and support to the CIB ETDs business (Markets)
• Ensure the Operations department is fully compliant with US regulations (mainly CFTC and CME), Legal requirements, and Compliance and Tax policies.
• Effective execution of controls around the ETDs processes, and effective oversight outsourced to the service providers ensuring service levels are maintained in all aspects, in particular for time-critical trade execution
• Deep knowledge/expertise of option expiration and physical delivery processing across ICE soft commodities, CME agricultural, energy, metals, FX and interest rate products
• Key point of contact between front-office and external clients post-onboarding
• Primary Operations contact for external clients as it regards margin management, trade and position queries and ad hoc file creation requirements
• Escalation point of contact with the Central Counter parties (i.e., CME, ICE, OCC, Nodal), and custodians, agent banks, carrying clearing brokers in which San Cap FCM has some business relationship with
• Ensure the appropriate monitoring of Service Level Requirements with Third-Party Service Providers / Vendors (i.e., ION XTP, Broadridge, Calypso).
• Interact with service providers on a regular basis to ensure all processes are performed in accordance to the KPIs and implement new processes if necessary.
• Ensure the generation, maintenance, distribution and use of the information and tools required to maintain the daily activity: development and updates of procedures, planning and organization to be follow by individual contributors of the team.
• Liaise with internal / external auditors, and regulators to ensure compliance with regulatory requirements
• Quality assurance on processes and new systems implementation, executing and monitoring User Acceptance Testing (UAT). Active participation in the UAT phase designs to ensure all test cases are reflected properly.
• Sign off on project related documents such as Business Required Documents to ensure new product or processes covers all the department requirements.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• In-depth knowledge of the Operational processes supporting ETD's & Clearing Operations
• In depth knowledge of Listed Derivatives (such as Futures, Listed Options on Futures contracts, US Listed Equity & Index Options), and OTC Clearing Derivatives contracts (such as cleared IRS and CDS)
• In depth knowledge of the operational processes supporting a Futures Commission Merchant’s (FCM) / Clearing Broker firm
• Proficient in all regulatory aspects governing the ETD's and Clearing activities in a US Broker Dealer.
• Proven track record of managing providers of outsourced services
• Knowledge of compliance to CIB around execution of controls to minimize the…