Manager Of Clearing Operations - Abu Dhabi, United Arab Emirates - Dautom

Description

ClientIntroduction:

In this role youwill have the opportunity to work closely with one of our esteemedclients. This client is a global leader known for its commitment toquality and innovation. They have chosen Dautom as their trustedpartner for their upcomingprojects.

JobObjective

TheManager of Clearing Operations is responsible for leading andoverseeing the exchanges clearing operations. This includesmanaging the exchanges clearinghouse which is responsible formatching and settling trades between the exchanges members. TheManager of Clearing Operations also works to ensure that theexchanges clearing operations are efficient andeffective.

KeyAccountabilities

GeneralResponsibilities

• Manage the exchanges clearinghouseincluding overseeing the matching and settlement of trades managingthe clearinghouses risk management framework and ensuring that theclearinghouse complies with all applicable laws andregulations.
• Establish and monitor KPIs totrack the efficiency accuracy and timeliness of clearingoperations.
• Identifying areas for improvementin clearing operations and implementing strategies to enhanceefficiency reduce risks and optimizeprocesses.
• Manage the clearing operations byensuring that all clearing activities comply with regulatoryrequirements set by relevant governing bodies ensuring adherence torules and standards. Monitor the exchanges clearing operations forefficiency and effectiveness.
• Establishingstandardized procedures and documentation for clearing operationsto ensure consistency transparency and ease of auditing orcompliance checks.
• Prepare and present clearingoperations reports to senior management and the Board ofDirectors.
• Develop and implement clearingoperations policies and procedures for continuous improvementpurposes.
• Manage team members on daily basisprovide support and periodical reviews of employee performance

Job SpecificResponsibilities will include

• Manage the exchanges clearing processfor all types of securities including stocks bonds andderivatives.
• Managing relationships withclearing service providers technology vendors and other externalpartners to ensure seamless integration and optimal servicelevels.
• Implementing advanced automation andAIdriven systems for trade validation risk assessment and margincalculations to improve operational efficiency and accuracy whilereducing manual errors.
• Ensure that theexchanges clearing operations comply with all applicable laws andregulations including the Securities Exchange Act of 1934 and theregulations of the Securities and ExchangeCommission.
• mitigate risks associated withclearing operations by overseeing margin requirements monitoringexposure to counterparty risks and implementing risk controls tosafeguard against potential defaults.
• overseethe collection and management of collateral and margin funds toensure that there are sufficient assets to cover potential lossesin case of defaults or marketfluctuations.
• Developing robust contingencyplans and strategies for disaster recovery to minimize disruptionsin clearing operations during unforeseen events or systemfailures.
• Conduct ongoing market research tostay updated on latest trends regulatory changes and integratingrelevant innovations into clearingprocesses.
• Participating in industry forumsconferences and discussions to share insights contribute to bestpractices and stay informed about evolving standards and practicesin clearingoperations.

Qualificationsand Experience

• Bachelors degreein finance or a related field.
• 10 years ofexperience in clearing operations preferably in the securitiesexchange industry.
• Strong understanding ofclearinghouse operations risk management and regulatorycompliance.
• Experience with clearing systemsand tools.
• Excellent analytical andproblemsolving skills.
• Strong communication andinterpersonal skills.

DesiredQualifications:

• Masters degree infinance or a related field.
• Experience withclearing operations for a variety of securities including stocksbonds and derivatives.
• Experience with managingclearing relationships with clearingmembers.
• Experience with clearing riskmanagement frameworks.
• Bilingualism in ArabicandEnglish.

RemoteWork :

No