Head of Trade and Position Oversight

St. James’s Place; London; Hybrid; GBP 80,000 - 130,000; Full time

Job summary

A leading financial services firm in London is seeking a Head of Trade and Position Oversight to lead the middle office function. This role involves overseeing regulatory compliance, managing risks, and ensuring operational effectiveness within the investment operations division. The ideal candidate will have extensive experience in middle office operations and a strong leadership background to drive change initiatives and effective partnerships.

Benefits

Discretionary annual bonus

28 days annual leave plus bank holidays

Option to purchase additional 5 days leave

Competitive parental leave

Private medical insurance

10% non-contributory pension

Qualifications

• Strong leadership skills managing middle office teams.
• Experience in asset management industry.
• Knowledge of industry regulations and operational models.

Responsibilities

• Lead middle office oversight and ensure compliance with regulatory obligations.
• Implement change initiatives and manage risks.
• Cultivate partnerships with stakeholders and oversee middle office operations.

Skills

Leadership

Risk Management

Regulatory Compliance

Middle Office Operations

Stakeholder Management

Education

Degree in Finance or related field

Job description

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Are you ready to chart your own career path? At SJP we need talented individuals like yourself to support our evolving culture. If you’re seeking an employer that is passionate about excellence, innovation and autonomy, SJP could be the place for you.

At a glance:

Location: London - Lombard Street Office

Workplace Type: Hybrid

Employment Type: Permanent

Seniority: Mid-Senior Level

The Investment Operations Division keeps clients' assets safe by mitigating risk and overseeing fund administrator, custodian and manager activity. They are committed to safely delivering SJP's Investment Approach, meeting regulatory obligations and upholding our clients trust in the Partnership. By enabling investment teams, they support SJP’s growth and excellent client outcomes.

The Head of Trade & Position Oversight leads a middle office oversight function in support of the Investments division. The Trade & Position Oversight team will oversee a broad range of complex and regulatory-driven oversight functions, such as cross-product trade capture, pre and post trade settlement activities, derivative and collateral lifecycle management, overdraft and cash management monitoring, asset servicing, regulatory transaction reporting and the oversight of investment guidelines monitoring.

What you’ll be doing:

• Designing, prioritising and implementing critical middle office change initiatives & regulatory projects.
• Ensuring appropriate systems and controls are in place to monitor and mitigate all middle office related risks that impact NAV and unit pricing along with investment risk management.
• Managing and escalating (as appropriate) risks for middle office functions, ensuring full compliance with SJP’s regulatory responsibilities and Group risk management procedures.
• Actively representing the Trade & Position Oversight function in internal and external governance forums.
• Cultivating effective partnerships with a broad range of business stakeholders, service providers and regulatory or industry bodies.
• Providing daily oversight of key regulatory requirements, escalating and remediating errors or omissions as appropriate.
• Setting and overseeing policies, procedures, and processes for all middle office operations related activity and monitoring and enforcing compliance with those standards and arrangements.
• Developing middle office team members in regulatory knowledge and maintain a reporting and management framework that demonstrates regulatory expectations are being met.
• Deputising for the Investment Operations Director, as required.
• Supporting the Investment Operations Director in the oversight of third-party service providers and managers with an emphasis on ensuring accurate, complete and compliant reporting and operationally efficient pre- and post-trade activities.
  
  

Who we’re looking for:

A confident leader who will design and implement middle office oversight processes with robust daily controls to oversee the trading and operational activities of investment managers, custodians and service providers.

Essential Criteria

• Strong leadership skills, with experience managing a cross product, multi-functional, middle office teams in financial.
• Extensive middle office operations leadership experience within the Asset management industry, including regulatory transaction reporting oversight and with a strong working knowledge of industry operating models.
• Experience of managing third-party product offerings, including selection, due diligence, and ongoing monitoring.
• Extensive people management and team-building experience, with an emphasis on directing, mentoring, and motivating Team members to their fullest potential.
  
  

Desirable Criteria

• Experience of derivative and collateral management oversight.
• In-depth understanding of regulatory requirements and industry best practices relevant to SJP’s investment products including COLL, UK EMIR, UK SFTR and FUND.
• Experience of dealing with the regulator in respect of inquiries, error escalation and remediation
  
  

Special Requirements:

• Required to travel to other offices and service provider offices
• Will require out of hours work when projects are nearing completion
  
  

What's in it for you?

We reward you for the work you do, whether that’s through our discretionary annual bonus scheme that reflects both personal and company performance, competitive annual leave allowance (28 days plus bank holidays, with the option to purchase an additional 5 days), or online rewards platform with a variety of discounts.

We also have benefits to support whatever stage of life you are in, including:

• Competitive parental leave (26 weeks full pay)
• Private medical insurance (optional taxable benefit)
• 10% non-contributory pension (increasing with length of service)
  
  

Reasonable Adjustments We're an equal opportunities employer and want to ensure our recruitment process is accessible and inclusive for all, if you require reasonable adjustment(s) at any stage please let us know by emailing us at [e-mail]

Research tells us that applicants (especially those from underrepresented groups) can be put off from applying for a role if they do not meet all the criteria or have been on an extended career-break. If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you tick every box.

What's next?

If you're excited about this role and believe you have the skills and experience we're looking for, we'd love to hear from you! Please submit an application by clicking ‘apply’ below and our team will be in touch.

As a business regulated by the FCA we would advise you to familiarise yourself with the conduct regulations and in particular consumer duty obligations prior to an interview with SJP.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

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