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About the Role

Join ASX, a leading global securities exchange and trusted market operator, to power a stronger economic future. In this role, you will be instrumental in building out the execution and operations pillar of the Default Management team, focusing on preparedness and response to clearing participant defaults.

Responsibilities

Build out the execution, portability and resilience pillar, investigating, mapping and enhancing capabilities for practical application.
Build the agreed Default Management uplift roadmap into a working operating model across cleared product classes.
Develop default management playbooks, procedures and evidence for practical and repeatable default-time workflows.
Map and establish operational readiness for portability, transfer, collateral and settlement continuity.
Establish and test default broker and counterparty execution readiness, closing gaps in coverage, arrangements and connectivity.
Design and run the operational components of fire drills and simulations, documenting and incorporating lessons learned.
Build the default management communications and escalation framework, supporting Board, regulator and participant engagement.
Define and shape Default Management requirements for market infrastructure change programmes and new products.
Investigate and deliver assigned items on the Default Management delivery and assurance register, closing audit, regulatory and self-identified actions to schedule.
Prepare papers and analysis for governance forums, and build working relationships with brokers, participants and regulators.

Requirements

7+ years of domestic or international financial markets experience, with practical understanding of traded products, liquidity, execution considerations and the pre- and post-trade lifecycle.
Project or programme delivery experience, including scoping, requirements, testing and implementation of change in a financial markets or post-trade environment.
Experience operating within governance and control frameworks, including committee or Board material and managing audit, regulatory or self-identified actions through to closure.
Strong stakeholder management with a record of delivering across business, operations, technology, legal and external parties.
Ability to analyse complex operational problems, identify dependencies and develop practical solutions under time pressure.
Strong data and requirements discipline, with experience building processes, controls or operational capability from a standing start.
Excellent written and verbal communication, including presenting technical matters to non-technical audiences.
Relevant tertiary qualifications or equivalent professional experience.
Experience working with external stakeholders including brokers, market participants and regulatory agencies.
Experience gained in front office, markets operations, product control, market or counterparty risk, treasury, clearing, settlement or market infrastructure (nice to have).
Experience designing or running operational exercises, simulations or crisis scenarios (nice to have).
Experience in default management, recovery or resolution planning within a financial institution or market infrastructure (nice to have).
Understanding of central counterparty activities, exchange-traded and OTC derivatives, or cash-equities settlement (nice to have).
Knowledge of the Australian financial regulatory environment or relevant international standards for financial market infrastructures (nice to have).
Candidates must be legally authorised to work in Australia on a permanent basis without any restrictions.

Skills

Financial markets experience
Traded products understanding
Liquidity understanding
Execution considerations understanding
Pre- and post-trade lifecycle understanding
Project delivery
Programme delivery
Scoping
Requirements gathering
Testing
Implementation of change
Governance and control frameworks
Committee or Board material preparation
Audit action management
Regulatory action management
Self-identified action management
Stakeholder management
Operational problem analysis
Dependency identification
Solution development
Data discipline
Requirements discipline
Process building
Control building
Operational capability building
Written communication
Verbal communication
Technical presentation
External stakeholder engagement
Front office experience (nice to have)
Markets operations experience (nice to have)
Product control experience (nice to have)
Market risk experience (nice to have)
Counterparty risk experience (nice to have)
Treasury experience (nice to have)
Clearing experience (nice to have)
Settlement experience (nice to have)
Market infrastructure experience (nice to have)
Operational exercise design (nice to have)
Simulation design (nice to have)
Crisis scenario design (nice to have)
Default management experience (nice to have)
Recovery planning experience (nice to have)
Resolution planning experience (nice to have)
Central counterparty activities understanding (nice to have)
Exchange-traded derivatives understanding (nice to have)
OTC derivatives understanding (nice to have)
Cash-equities settlement understanding (nice to have)
Australian financial regulatory environment knowledge (nice to have)
International standards for financial market infrastructures knowledge (nice to have)

Location

Australia

Work Type

Hybrid working
Flexible working arrangements

Experience Level

7+ years experience

Education Level

Relevant tertiary qualifications or equivalent professional experience

Benefits

Flexible working
Hybrid working options

About the Company

ASX is a leading global securities exchange with a strong brand, known as a trusted market operator and an exciting data hub.
The ASX team brings together talented people from a diverse range of disciplines, running critical market infrastructure.
We are proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture.
We are an AWEI Bronze employer and a member of the Champions of Change Coalition for gender equality.
We are committed to a fair and inclusive workplace where everyone can thrive.

Equal Opportunity

We encourage you to apply even if you don’t meet all the criteria of this role.
If you need any adjustments during the application or interview process to help you present your best self, please let us know at careers@asx.com.au.
We support flexible working and offer hybrid working options.
Even if our roles are advertised as full-time, we encourage you to apply if you are interested in part-time or other flexible working arrangements.
We will arrange for successful candidates to have background checks, including reference and police checks, completed as part of the on-boarding process.