Global Head of Derivatives and Collateral Middle Office

3 weeks ago


London, United Kingdom London, United Kingdom Full time
Global Head of Derivatives and Collateral Middle Office

Company Description

Legal & General is one of Europe's largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us - from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers - which include individual savers, pension scheme members and global institutions - and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

Job Description

This role will be working with derivative processing oversight as well as a cross over into the derivative lifecycle including collateral management. Whilst this role works on a global basis, you will be managing a team of 10, plus our external partners.

What you'll be doing:
  • Being accountable for all components of the Middle Office derivatives activities (incl. Derivative trade management, Derivative lifecycle management including collateral management, OTC management, Private Credit servicing and Securities Lending oversight) as part of retained and or outsourced services globally in line with market, regulatory and internal deadlines
  • Proactively overseeing and managing the service of the outsourced provider, ensuring the service meets the agreed global service standards (incl. accuracy, timeliness, and client services measures).
  • Engaging and supporting the outsource provider with agreed retained services delivery for respective service area
  • Proactively evaluating service performance of retained and outsourced teams using the daily and weekly service delivery KPI / KRIs and take appropriate action accordingly
  • Taking the lead in all matters with regards to the management of employees, making sure management discretion is used in a consistent manner, and that the area follows the Group's policies and procedures including the Partnership Agreement to maximize business performance. Strive for excellence in data delivery, displaying an empathic leadership style, leading by example, and using this to coach and support a team expected to deliver high standards
  • Ensuring strategic and operational risks and issues are identified, prioritised, assessed and mitigated within function and outsourced provider. Ensure senior stakeholders are briefed, updated and where appropriate enrolled in the management and control of key risks
  • Developing and refining quality processes that promote data integrity within the business with particular focus on continuous improvements to drive the development of the outsource model (focus on enhancing control effectiveness and efficiency)
  • Proactively engaging secondary service recipients (Client Service, Investments, and other Operational Teams) to ensure the service delivery is achieving standards for today and future business levels
  • Working in partnership and inclusive with Head of Department, Senior Managers/Peers and outsource provider to develop strategy and processes for managing middle office retained and outsourced activities. Partner with teams globally to align on best practises. Improve data delivery efficiency and accuracy. Utilise analytics to drive data optimisation. Develop and refine quality processes that promote data integrity within the business
Qualifications

Who we're looking for:
  • Demonstrated experience of the asset management industry/experience relevant to role
  • Extensive knowledge in the outsourced service area covering operational service delivery knowledge and client expectations
  • Industry awareness of the outsourced service area and regulations governing it
  • Experience in managing and overseeing 3rd party relationship service delivery
  • Excellent presentation, interpersonal and communication skills with the ability to relay information clearly and concisely in both written and verbal communications
  • Ability to plan strategically & articulate messages to a variety of audiences.
  • Continue professional development to keep abreast of emerging technologies, methods & best practices
  • Lead from the front to drive delivery, whilst sustaining the provision of analytical rigor without getting overly caught up in the detail
  • Experience of managing multiple initiatives/projects within a complex professional environment and delivering demonstrable business benefits
  • Must have the ability to work in a fast-moving management environment with many often-conflicting demands
  • Ability to influence change in a positive manner
Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:
  • The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
  • Generous pension contribution
  • Life assurance
  • Private medical insurance (permanent employees only)
  • At least 25 days holiday, plus public holidays, 26 days after 2 years' service. There's also the option to buy and sell holiday
  • Competitive family leave
  • Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
  • There are the many discounts we offer - both for our own products and at a range of high street stores and online
  • In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
Additional Information

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.
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