Head Of Middle Office - Commodity Trading - Investment Bank

Albert Cliff LtdZurich, CH3M ago

Our client, well-established Investment bank, is looking for Head of Middle office Department, based in Zurich.Your responsibilities:

  • Manage the GM Middle & Back-Office team working alongside the trading team in Zurich to ensure accurate and efficient trade capture and lifecycle event processing
  • Manage operational and industry risk, protecting the entity while remaining client-focused
  • Run project work to enhance processes, controls and product offerings
  • Review contracts and addendums for physical and derivatives business, review logistics related documents Train, lead and manage GM Middle & Back-Office teams
  • Oversight daily position/reconciliation as well as inventory management Perform and review trade bookings related to Commodities and other Banking Products (FX/NDF/IRS/CCS/CDS etc) on internal systems In collaboration with different bank units to deliver, audit, redesign, where required, procedures and controls for commodity financing and physical trading as well as classic derivatives business
  • Act as a central point of contact for query processing from counterparties and clients, liaising with the Trading Desk and other teams as needed Oversee the collateral management process inclusive of margin calls initiation, control of collateral transfer, control of margin call claims receipt, breaks resolution and escalation in case of margin call payment receipt failure or disputes
  • Ensure transactions are recorded into the appropriate systems and that required reconciliations are completed in a timely manner and include all key trade variables
  • Proactively highlight areas of risk and escalate accordingly
  • Participation in New Products Approval and Changes process Enhance Operations outsourcing, review
  • Service Level Agreements and current Operating Model in GM processes
  • Responsible for ensuring that GM related key controls are performed in a timely and accurate manner as per procedures and departmental checklists for all activities
  • Attract further talents to GM Middle & Back-Office teams

Your profile:

  • Derivatives Trading and Physical/Traffic commodity experience, ideally across several asset Over 8 years' experience, including leadership, working within a commodities group or/and derivatives of an established bank, clearing house,
  • BPO processor Experience with supporting structured transactions (Buy Hold Sell transactions) and derivatives with a focus on daily inventory management and hedging position risk management Swiss / EU passport or valid Swiss work permit
  • Leadership skills, team player and result-oriented Problem solver and good interpersonal skills Attention to detail Good Microsoft office skills