Cash Reconciliation, Derivative Operations, Manager

Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.

ROLE

The role will be part of Middle and Back Office Services - Oversight Team whose primary responsibility is to provide oversight of the trade life cycle of all trades and be the Subject Matter Experts to support new business initiatives.

ROLE

This role is a hybrid position that will contributes to the Cash Reconciliation, Corporate Actions & Derivatives Operations processes.

This role will straddle 2 teams, both containing 6 FTE’s including this role.

You will join Middle Office Services, Commercial Relationship & Alternative Operations team responsible for monitoring day-to-day deliverables.

This role requires good technical and product experience.

KEY ACCOUNTABILITIES
- Responsible for cash reconciliation and corporate actions processing within deadlines by working with and overseeing our outsourced provider. This includes analysing multiple data sources to validate the gold copy, lifecycle management and instructing service providers
- Assist in clearing daily cash and asset reconciliation breaks
- Oversight of outsourced service provider and tax reclaim partners
- Liaise directly with service providers, agents, market data providers and occasionally directly with companies to fully understand the terms of events, including documentation and restrictions
- Periodically update procedures and documentation to ensure that they remain current and relevant
- Adhere to the Cash Reconciliation & Corporate Actions Procedures and propose process improvements for risk mitigation
- Proactively respond to queries from all internal and external parties, and develop and maintain relationships
- Collaborating with the other teams to solve operational problems and work on the
- development and continuous improvement of process flows and related operational tools
- Identifying and mitigating/eliminating existing inefficiencies, operational issues and risks
- Identification, review, investigation and documentation of operational risk activities
- Change, Project and Issues Management
- Monthly and Quarterly service reviews with the Service Providers Ad-hoc support to the other team members
- Oversight of trade life cycle of all trading instruments with focus on derivatives
- Oversight of regulatory reporting of uncleared OTC Derivatives for EMIR and MAS
- Provide support to projects as Subject Matter Experts
- Able to build and/or review new operating model for new trading instruments
- Lead the UAT of new trading instruments enablement
- Manage operational activities under tactical mode and implement strategic rollout plans
- Review new and amendments to ISDA, CSA, GMRA, CTA, etc
- Closely monitor service providers KPI as per SLA
- Promptly attend to stakeholder’s inquiry internal or external

EXPERIENCE / QUALIFICATIONS
- Minimum of 5 years' experience in Corporate Actions, Cash Reconcilliation & Derivative Operations
- Familiar with SWIFT messaging
- Excellent communication, organisational & time management skills
- Ability to work effectively under pressure and adhere to various deadlines
- Approachable and helpful with good interpersonal skills
- A methodical thinker who will challenge and propose process enhancements
- A team player, assisting colleagues without being asked
- Understanding of Front Office Corporate Actions processes
- Proficient using Microsoft Outlook, Excel and Word
- Experience of Aladdin is preferred
- A Degree or Equivalent preferably in Finance/ Accounting
- Experts in Derivatives (Exchange Traded, Bilateral OTC, Cleared OTC)
- Experience in reviewing ISDA Schedules, CSA, GMRA, CTA, etc
- Experience in regulatory reporting for uncleared OTC Experience in using Aladdin, DTCC and Markit Integrated Reporting preferred
- Thrive in a fast-paced environment and work well independently under pressure
- Strong problem-solving skill continuously seek to improve and/or automate processes.
- A good team player that can multi-task
- Communicate effectively and efficiently with all levels of staff and management
- Willingness to take ownership and responsibility
- Service oriented, client focused, strong analytical skills and proactive with an ability to build positive relationships
- Derivatives to the trade repositories especially for MAS and EMIR jurisdictions
- Experience in trade life cycle management of all other asset classes: EQ, FI, MM, TD, FX, CIS
- Familiar with various structures of funds
- Manage external vendor and provide oversight
- Experience in using Aladdin, DTCC and Markit Integrated Reporting preferred
- Strong problem-solving skil