The European arm of this US investment bank and private bank, Luxembourg based with branches in Switzerland and London and a global network of financial partners, is looking to recruit a new VP for its trading operation.
The bank operates a unique global private Exchange that acts as a clearing network for institutions and Ultra High Net Worth private investors alike. The Exchange has been designed to revolutionize the management and trading of assets in the private placement sector. The Exchanges customers include others investment banks, enterprise financial institutions, pension fund advisors, broker-ship houses, insurance companies, family offices, private banks and ultra high net worth private investors. The types of instruments traded includes European and global instruments, mainly fixed income products like commercial paper, bonds, short and medium term notes, but also commodities and commodity related contracts, swaps and futures. The majority of these trades are private placements and are of a very high value ($100 M +). The majority of the trades are cross border in nature and involve the monetization or lending based on these assets / securities.
To lead its growth and expansion to the next level
the bank is looking to hire a Vice President to supervise the Exchanges operations.
The Vice President of Cross Border Trading reports directly to the Head of Exchange, who is based offshore, and takes overall responsibility for running, managing and developing the Exchange. With the Vice Presidents remit are three main areas that will make up the operational framework of the Exchange. These are transaction / trade processing and execution teams, Exchange Management department and Exchange on-boarding teams. Working alongside those three main business units are compliance and risk, legal, marketing, advertising and the introducer channel management department.
The transaction processing teams is made up of back & middle staff involved in trade execution, SWIFT processing, Clearstream & Euroclear settlement, cash & asset management and the opening of new trading accounts / membership of the banks Exchange. The Exchange Management team will undertake all the relationship management of all client accounts and on occasion help facilitate the trading and aggregating of assets that takes place on a daily basis. The Boarding team takes care of new client on boarding and is also who the Compliance and Legal teams liaise with. KYC and all due diligence sits here.
The Vice President of Cross Border Trading leads these departments
and also takes responsibility for staff development, staff training and building the Exchange strategy going forward. It is expected that the Vice President of Cross Border Trading will lead new Exchange functionality and launch new supported products and services. To do that they will work closely with the bank technical development department to ensure the Exchange integrates seamlessly with its cross border trade and banking settlement system partners (Euroclear, SWIFT and Clearstream).
- To be considered for the Vice President of Cross Border Trading vacancy you should be an experienced banking professional with at least six to eight years spent operating and managing a trading floor, financial exchange or trading business unit in an investment bank.
- It is expected you will probably hold an MBA, from a well respected institution and be able to point to a proven track record in managing and succeeding with complex, technological âcutting edgeâ financial business units.
- It would be very beneficial if you spoke one or more additional European languages, alongside your cultured English.
- You will have experience of Clearstream & Euroclear settlement and the systems involved, and a working knowledge of SWIFT messaging network.
To ensure that the bank is able to tempt a real top class banker to join them they are willing to craft an outstanding remuneration package, offering a major earnings uplift to the successful applicant both in terms of base salary and also bonus. Coupled with that the bank is expecting serious growth, of which the Vice President of Cross Border Trading with be central to.
To make your application simply click above and fill in the application form, with your C.V. / Resume attached.