Vice President – OTC Settlements – Banking/Financial Services The Edge Partnership

The Corporate Institute; Mumbai; On-site; INR 2,500,000 - 5,000,000; Full time

Job summary

The Corporate Institute seeks a Senior Vice President of Operations to own Global OTC Derivatives Settlements across AEJ, EMEA and US, partnering with Front Office, Middle Office, Technology and vendors to ensure flawless execution.

You will drive automation and strong controls, oversee SSI validation, settlements, and reconciliation, and set global standards for risk management and service levels.

Qualifications

• 15+ years of relevant experience in Derivative Settlements across Fixed Income and Equity Derivatives.
• Executive presence across clients, desks, Middle Office, Technology, Audit and Regulators.
• Hands-on experience across the derivatives trade lifecycle including confirmation, settlement instructions, SSI validation, fails management and reconciliation.

Responsibilities

• Manage Global OTC Derivatives Settlements operations across AEJ, EMEA and US.
• Collaborate with Front Office, Middle Office, Technology and vendors to resolve settlement issues.
• Oversee OTC Settlements applications ensuring alignment with market initiatives and regulatory requirements.
• Manage bespoke and non-standard settlement processes, including SSI management and client-specific protocols.
• Drive automation, robotics and system enhancements to reduce manual intervention and operational risk.
• Set strategic direction for the OTC Settlements team and uphold global service and control standards.
• Conduct root cause analysis and implement preventive controls for settlement incidents.
• Manage capacity planning, headcount and resource allocation to support growth and service levels.
• Lead KRI monitoring and break reduction initiatives with data-driven metrics.

Skills

Derivatives settlements

Executive presence

Client focus

Regulatory awareness

Trade lifecycle knowledge

Cross-functional leadership

Education

Graduate/MBA

Tools

Alteryx

Power BI

Robotics (RPA)

Machine Learning

AI frameworks

Job description

Role Overview:

A senior, Vice President-level opportunity within the Operations function of a leading global financial services group, seeking an experienced derivatives settlements leader to own Global OTC Derivatives Settlements across AEJ, EMEA and US entities. The role offers significant visibility, with close partnership across Front Office, Middle Office, Technology and vendor partners.

This role offers the opportunity to lead a high-volume, technology-driven settlements function, with a strong focus on automation, control and global consistency.

Key Responsibilities:

• Managing Global OTC Derivatives Settlements operations across AEJ, EMEA and US.
• Working with Front Office, Middle Office, Technology, Reference Data Management and vendor partners to ensure smooth delivery and timely resolution of settlement issues.
• Overseeing OTC Settlements applications and ensuring alignment with market initiatives and regulatory requirements.
• Managing bespoke and non-standard settlement processes, including manual SSI management and client-specific protocols.
• Driving automation, robotics and system enhancements to reduce manual intervention and operational risk.
• Setting the strategic direction for the OTC Settlements team and ensuring consistent service and control standards globally.
• Conducting root cause analysis and implementing preventive controls for settlement incidents.
• Managing capacity planning, headcount and resource allocation to support volume growth and service levels.
• Leading KRI monitoring and break reduction initiatives, translating data into key business metrics.

Eligibility Requirements:

• 15+ years of relevant experience in Derivative Settlements, covering Fixed Income and Equity Derivatives.
• Strong client and employee focus, with high ethical standards and a robust control mindset.
• Demonstrated executive presence across clients, desks, Middle Office, Technology, Audit and Regulators.
• Hands-on experience across the derivatives trade lifecycle, including confirmation, settlement instructions, SSI validation, fails management and reconciliation.
• Strong product knowledge across Fixed Income Derivatives (IRS, CCS, Swaptions, Caps/Floors) and Equity Derivatives (TRS, Swaps, Options).
• Experience across multiple asset classes, including OTC Derivatives, FX and Listed products, within Investment Banking Operations.
• Flexibility to work EMEA/US shift patterns for global coverage.
• Exposure to Alteryx, Power BI, Robotics (RPA), Machine Learning, AI or Agentic AI frameworks would be advantageous.
• Graduate / MBA qualification.
• Location: Mumbai.

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Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 7 business days, we regret to inform you that your application for this position was unsuccessful.