EMEA Global Markets Trading and Foreign Exchange Trading COO

BNY Mellon; City Of London; On-site; GBP 100,000 - 150,000; Full time

Job summary

A leading financial services organization based in London seeks a COO for its Global Markets Trading division. This role involves driving transformational change, developing business strategies, and ensuring compliance with UK regulations. The ideal candidate has broad experience in FX and equity markets, excellent problem-solving skills, and a track record of successful stakeholder engagement.

Benefits

Flexible global resources

Generous paid leaves

Wellbeing programs

Qualifications

• Broad experience in FX, Fixed Income, and Equity Markets.
• Strong analytical and problem-solving skills.
• Ability to interpret complex data.

Responsibilities

• Drive transformational change across businesses.
• Develop and execute business strategy.
• Build and maintain stakeholder relationships.

Skills

FX expertise

Analytical abilities

Dynamic problem solver

Excellent communication skills

Education

Experience in Financial Services

Regulatory knowledge (UK & EU)

Tools

MS Office

Job description

Overview

EMEA Global Markets Trading and Foreign Exchange Trading COO – London. Based out of London, reporting to the Chief Operating Officer of Global Markets Trading in New York. The BNY Markets division supports clients with financing, execution, liquidity and collateral solutions. The Global Markets Trading (GMT) unit comprises the Foreign Exchange, Fixed Income, Equities & Capital Markets businesses. The FX business covers the currency transaction lifecycle from spot/derivatives execution to FX payments, overlay hedging and algorithmic programmatic execution. Fixed Income and Equities trade a wide variety of securities and connect clients to a broad universe of counterparties.

This leadership role partners with the EMEA Heads of FX, Fixed Income & Equities and the Head of Foreign Exchange Trading to continue building the UK & European GMT Franchise and Global FX Trading Businesses.

Responsibilities

• Drive transformational change across the EMEA GMT & Global FX Trading businesses.
• Develop and execute the business strategy.
• Represent the business in projects, operational lifecycle events, regulatory and control initiatives, and core COO activities.

Impact and activities

• Leadership: Act as a trusted strategic advisor to the GMT Business Heads and the Global COO to develop and execute strategic plans aligned with global objectives.
• Performance Monitoring: Analyze key performance indicators and financial metrics to assess performance and identify opportunities for improvement and growth.
• Market Analysis & Competitor Benchmarking: Stay informed about market structure developments and competitor landscape to inform strategic decisions.
• Team Leadership & Talent Management: Lead and mentor a small local team of COO professionals, fostering high performance, collaboration and continuous improvement; focus on attracting and retaining top talent and ensuring the team has required skills.
• Resource Allocation: Oversee resources to support business execution and strategic initiatives.
• Industry Representation: Represent the bank in industry forums and regulatory committees, contributing thought leadership and influencing market standards.
• Strategic Partnerships: Build partnerships with external entities to enhance trading capabilities and market reach.
• Strategic Alignment: Lead regional EMEA initiatives to align local practices with global standards; oversee front-to-back integration across Sales, Trading, Product, Engineering and Operations.
• Initiatives & Milestone Management: Deliver updates to senior leaders on milestones, initiatives and challenges.
• Stakeholder Engagement: Build and maintain relationships with Trading, Sales, Legal, Compliance, Risk, Finance, HR, Operations and Engineering.
• Business Planning: Develop plans including technology and product initiatives, expenses and headcount; manage budgets for GMT EMEA & Global FX Trading with alignment to global budgets and cost controls.
• Operational Efficiency: Collaborate with GMT service providers to improve processes and efficiency across the platform.
• FX Product Development: Collaborate with FX Trading and FX Product teams to develop new FX products and solutions for clients and risk management optimization.
• Regulatory Adherence: Ensure compliance with relevant EMEA & Global FX regulations (e.g., Volcker, MiFID II, EMIR, CASS) in partnership with Compliance, Legal and Regulatory teams.
• Risk Oversight: Implement and monitor risk management frameworks for operational, market and credit risks.
• Audit & Compliance Testing Coordination: Manage audits and testing reviews and ensure timely remediation of issues.
• Crisis Management: Develop plans to handle market disruptions and regulatory changes that could impact trading operations.

To be successful

• Entrepreneurial and self-directed – operate as an owner.
• Dynamic problem solver with a solution-driven mindset focused on execution.
• Trusted advisor with business acumen to deliver commercial outcomes and shape medium-term outlook.
• Ambitious and driven to deliver strategy transformation.
• Detail oriented with sensitivity to nuances affecting outcomes.
• Strong influencer and clear communicator who can simplify complex ideas for varied audiences.
• Willing to learn, develop, and take on additional responsibilities.
• Capable of leading senior management meetings.
• Excellent verbal and written communication skills across 1st/2nd/3rd line stakeholders.

Qualifications

• Broad experience in Financial Services with significant FX, Fixed Income and Equity Markets experience.
• Good understanding of FX trading pricing, market structure and risk management.
• Regulatory Knowledge: UK & European regulatory expertise; experience partnering with regulators to address FX trading requirements across FX, Fixed Income, Equities and Sales & Trading.
• Analytical Abilities: Strong analytical and problem-solving skills with the ability to interpret complex data.
• Experience operating a global team environment.
• High proficiency in MS Office.

BNY is an Equal Employment Opportunity/Affirmative Action Employer. Our culture emphasizes excellence, pay-for-performance, and wellbeing programs. We provide flexible global resources, generous paid leaves including paid volunteer time, and support for health, resilience and financial goals.

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