SBL and Delta One Middle Office

A leading international securities business is looking for a SBL and Delta One Middle Office to join its growing Operations team. You will work on the end-to-end back and middle office lifecycle of Securities Lending, Repo and Delta One products, with a particular focus on settlements.

Key Responsibilities

• Own the daily trade lifecycle for Securities Lending, Repo and Delta One products, from trade capture and confirmation through to settlement and reconciliations.
• Monitor, investigate and resolve settlement fails, working with counterparties, custodians and agents to minimise fail costs, buy-ins and penalties.
• Manage collateral movements, margin calls and disputes, and ensure collateral is accurately allocated and reconciled.
• Support asset servicing, including corporate actions, dividends, manufactured payments, recalls and income processing on financed and synthetic positions
• Perform daily position, trade and cash reconciliations, and investigate and clear breaks within agreed timelines.
• Support cash management and funding, including cash forecasting, nostro monitoring and liaison with Treasury.
• Identify, escalate and remediate operational risks, and contribute to control improvements, audits and regulatory reviews (e.g. SFTR, CSDR).
• Support process automation, system enhancements and change projects, including UAT.
• Act as a subject matter expert, mentoring junior team members and providing management information to senior stakeholders.