Deloitte
AVP – Margin / Middle Office Settlements
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AVP – Margin / Middle Office Settlements
Global Market Operations AVP / Business Analyst (BA) – Margin / Middle Office Settlements
Location: Glasgow, Hybrid: 4 days on-site, 1 day remote
Flexibility:
- Start Date: ASAP (contract until end of January 2027, potential for transition to perm)
- Pay: Competitive daily rate (Inside IR35), payroll via Rockford Pay
About the Role
Support the accurate, timely execution of margin and collateral processes within CMVS (Collateral, Margin & Valuations Services), ensuring outputs meet procedural and control standards.
Driven by process consistency and incremental improvements through disciplined execution, collaboration in change initiatives, and operational excellence.
Key Responsibilities
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Core Process Execution
- Execute daily CMVS processes for margin calculations, reconciliations, and collateral movements in strict alignment with defined procedures and controls.
- Validate structured platform outputs (margin calls, velocity-based trading adjustments) to ensure completeness and accuracy.
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Breaks, Exceptions & Escalations
- Investigate variances, out-of-tolerance cases, and errors, escalating via defined pathways when thresholds are met.
- Support dispute resolution through:
- Timely analysis of discrepancies
- Coordination with counterparties
- Clear, documented resolution records
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Control & Compliance
- Demonstrate adherence to control frameworks, including evidence collection for audits and assurance reviews.
- Highlight gaps and propose practical process enhancements.
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Change & UAT Support
- Participate in change initiatives through:
- Business Analysis (BA) and project management (preferred)
- User Acceptance Testing (UAT)
- Data validation and process documentation
- Participate in change initiatives through:
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Reporting & Stakeholder Collaboration
- Produce accurate Management Information (MI), flagging risks, exceptions, and operational insights.
- Collaborate across teams (business, risk, technology, ops risk) to troubleshoot issues and drive efficient service delivery.
Basic Experience Requirements
- Relevant operational experience in collateral management, margin processing, or post-trade operations within banking/markets.
- Knowledge of margin methodologies (e.g., P&L attorneys, VBT), collateral flows, and operational risks.
- Ability to interpret and apply procedural guidelines and escalation protocols without ambiguity.
- Strong analytical problem-solving to resolve reconciliation discrepancies across multiple systems.
- Clear and persuasive communication skills for internal and client-facing resolutions.
- Proficient in data-heavy tools (Excel, PowerPoint tools) for analysis and reporting.
- Understanding of control frameworks and documentation priorities.
- Ability to thrive in a fast-paced, multi-priority environment.
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Minimum Qualification Note: Ideally, background in margin processing, or broader middle office settlements expertise.
Preferred Qualifications
- Experience with core margin platforms (e.g., spendтуру, Caledonian).
- Familiarity with audit controls, evidence preparation, and risk compliance frameworks.
- Change/Project Management focus (BA, improvement initiatives) within market operations.
- Data-driven awareness of emerging techniques (e.g., data analytics, workflow automation, AI/ML applications for operational efficiency).
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