The role will involve managing settlement workflow, resolving exceptions, overseeing unmatched and failed trades, and ensuring issues are escalated and remediated in a timely manner. The successful candidate will work closely with trading, settlements, middle office, counterparties, custodians, agent lenders, financing providers, and global operations stakeholders.

The individual will also play an important role in building local Glasgow capability as operational activity relocates from India. This role will provide the local supervisory layer required to manage operational risk, maintain service quality, and support future growth of the Glasgow function.

Key responsibilities include:

• Supervising daily Stock Lending settlement activity across international markets
• Supporting trade lifecycle management for Stock Borrow & Lending transactions
• Monitoring unmatched trades, settlement fails, cancellations, aged breaks, and reconciliation items
• Ensuring timely settlement, escalation, and resolution of exceptions
• Working with the Securities Finance trading desk to support trading activity and manage operational risk
• Using relevant securities finance platforms including Global One, EquiLend and Pirum for contract comparison, matching and exception management
• Supporting financing and collateral-related processes involving providers
• Producing and reviewing MI relating to settlement performance, unmatched trades, fails, cancellations and root cause analysis, consistent with the MI expectations in the existing outsourced services framework
• Supporting T+1 readiness, process redesign and control enhancements where relevant
• Developing team members through coaching, feedback, cross-training and day-to-day management
• Partnering with global stakeholders to align operational delivery with strategic goals and regulatory expectations

Requirements

• Proven Stock Loan / Securities Lending supervisory experience
• Strong understanding of the full Stock Borrow & Lending trade lifecycle, including trade capture, matching, settlement, recalls, returns, fails management, reconciliations and exception resolution
• Experience supporting a Securities Finance trading desk in a fast-paced markets environment
• Experience managing or supervising a small operations team, including performance oversight, escalation management and people development
• Strong knowledge of international settlement processes and market practices
• Hands-on experience with Global One; familiarity with international settlement platforms and tools is relevant to the broader operating model
• Experience using EquiLend and/or Pirum for contract comparison, matching or post-trade exception management
• Familiarity with financing or tri-party collateral processes
• Strong understanding of settlement risk failed trade management, unmatched trade resolution and reconciliation controls
• Ability to produce, review and interpret MI, including fail metrics, unmatched trade metrics, cancellation volumes and root cause analysis
• Strong stakeholder management skills, with the ability to communicate effectively with trading, operations, counterparties, custodians, agent lenders, vendors and global teams
• Strong analytical mindset, with a track record of driving operational improvements and control enhancements
• Ability to work under pressure, manage competing priorities and escalate issues appropriately
• Strong control mindset, attention to detail and ownership
• Experience supporting process migration, knowledge transfer or team build-out activity would be beneficial, particularly given the broader migration of roles from India to Glasgow
• Strong analytical mindset, with a track record of driving operational improvements and control enhancements

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Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with disabilities, as required by applicable law.