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About the Role

We are seeking an OTC Derivatives Middle Office Lead to join our London office. This role involves leading the operational support, strategic management, and development of the OTC Derivatives business, focusing on product and trade lifecycle management, team leadership, and cross-functional collaboration.

Responsibilities

• Oversee the complete lifecycle of exotic OTC products from execution through settlement.
• Ensure accurate trade capture, booking, validation, lifecycle event processing, and trade maintenance.
• Manage corporate actions, collateral processes, financing events, cash, and position management activities.
• Oversee reconciliations with brokers, counterparties, and internal systems.
• Drive efficient exception management and issues resolution across all supported products.
• Partner with Treasury on liquidity and cash optimization, managing eligible collateral and collateral postings, and produce outflow projections based on lifecycle events.
• Ensure accounting for margin timing, thresholds, and haircuts in CSA, ISDA, and PB documentation in our workflow.
• Provide first-line operational support to the trading desk.
• Maintain robust controls across trade capture and booking, trade validation, collateral management, prime broker relationships, counterparty management, settlements oversight, and cash and position controls.
• Ensure operational stability and support business growth initiatives.
• Function as the product-aligned operational lead for OTC products.
• Partner closely with Trading, Legal, Treasury, Finance, Technology, and Compliance functions regionally and globally.
• Lead operational readiness for new products, markets, clients, and strategic initiatives.
• Drive product onboarding and business expansion initiatives.
• Calculate and explain daily, monthly, and quarterly P&L.
• Perform P&L attribution and explain drivers of trade and financing costs.
• Analyze margin utilization, funding costs, capital usage, balance sheet usage, return on capital, and RWA usage.
• Maintain a strong operational and risk control framework (RCSA).
• Identify, assess, and mitigate operational, settlement, valuation, and counterparty risks.
• Lead root cause analysis and remediation of operational incidents.
• Ensure compliance with regulatory obligations and internal policies.
• Identify opportunities to automate and digitize operational workflows.
• Partner with technology teams to define requirements and implement strategic solutions to enable scale and drive automation and efficiency.
• Enhance scalability, efficiency, and control effectiveness.
• Build strong working relationships across Trading, Compliance, Legal, Treasury, Technology, Finance, Risk, and Tax both regionally and globally, driving alignment, partnership, and effective delivery across the OTC Derivatives business.
• Manage relationships with Prime Brokers, Clearing Brokers, and Counterparties.
• Lead and develop a high-performing team of Trade Support and Middle Office professionals, translating business strategy and changing priorities into clear team and individual performance goals and accountabilities.
• Drive delivery and business impact in a fast-moving, complex environment, adapting team priorities and ways of working as business needs evolve.
• Manage individual performance and development, setting clear expectations and providing regular feedback and coaching to strengthen capability.
• Foster a collaborative, high-performance culture focused on operational excellence, accountability, continuous improvement, and delivery against changing business needs.
• Lead the resolution of complex operational, valuation, lifecycle, and product-related issues, bringing together the right stakeholders and ensuring clear ownership, timely decision-making, and sustainable outcomes.

Requirements

• 7+ years’ progressive experience in OTC operations with demonstrated growth in scope and responsibility.
• Proven people leadership experience, with a track record of translating business strategy and evolving priorities into clear team and individual performance goals, accountabilities, and measurable business outcomes in a fast-moving, complex environment.
• Demonstrated experience building and shaping a high-performing team culture where accountability, collaboration, adaptability, and delivery against changing business needs are embedded.
• A strong track record of managing performance and developing capability through clear expectations, regular feedback, coaching, and targeted development, strengthening both individual and collective performance.
• In-depth knowledge of trade lifecycle, market conventions, collateral and margin management, with direct experience across multiple product types, including exotic OTC trades.
• Understanding of the regulatory environment in which OTC products exist (e.g., UMR).
• A clear and confident communicator, able to explain complex issues to a range of audiences.
• Strong stakeholder management and influencing skills, with the confidence to build trusted relationships across the business, both regionally and globally.
• Able to deliver effectively in a fast-moving, complex environment, balancing competing priorities while maintaining strong standards of control.

Skills

• SQL
• VBA
• Python
• AI tools

Location

• London

Work Type

• Full-time

Experience Level

• Senior

Education Level

• Bachelor’s degree in Finance, Economics, Mathematics, or a related quantitative field