Head of Fixed Income Operations & Trade Lifecycle Controls

Madison-Davis, LLC; New York (NY); Hybrid; USD 175,000 - 200,000; Full time

Job summary

Madison-Davis, LLC is seeking a Head of Fixed Income Operations & Trade Lifecycle Controls in Hybrid – New York, NY. The role offers a base salary of $175k–$200k plus bonus and requires 10+ years across US Treasuries, Credit, and Repo, with strong vendor management and regulatory experience.

You will lead a seven-person team and an outsourced BPO, acting as primary escalation for fixed income lifecycle events and a key control owner within the SOX framework.

Qualifications

• Senior operations leadership with 10+ years in fixed income operations.
• Deep product knowledge across US Treasuries, Credit, and Repo.
• Strong vendor management, regulatory fluency, and executive presence.

Responsibilities

• Lead, manage, and develop Fixed Income Operations team and oversee outsourced BPO operations.
• Serve as primary escalation point for fixed income lifecycle events (Corporate Actions, Settlements, Fails, Securities Financing).
• Monitor Regulatory Trade Reporting (FINRA TRACE) and ensure adherence to SEC, FINRA, NFA, CFTC requirements.
• Review daily controls across vendor systems and improve the control framework.
• Collaborate with Front Office to drive operational efficiencies and onboarding of new streams and vendors.
• Maintain SOX internal controls and monitor design effectiveness.
• Assist with internal quarterly reporting and regulatory compliance.
• Uphold high standards of integrity and code of conduct.

Skills

Team leadership

Vendor management

Regulatory compliance

SOX controls

Stakeholder management

Job description

Title: Head of Fixed Income Operations & Trade Lifecycle Controls

Office Status: Hybrid – New York, NY

Base Salary: $175k - $200k + Bonus

Overview:

This is a senior operations leadership opportunity at a well-established and rapidly growing global financial services platform, offering full ownership of the Fixed Income Operations function supporting Credit, Rates, MBS, Repo, and Customer Clearing businesses. The role carries genuine team management responsibility, leading a team of seven and supervising an outsourced BPO operations team, while serving as the primary escalation point for all fixed income lifecycle events and acting as a key control owner across the firm's regulatory compliance and SOX framework. With a growing Fixed Income Prime Brokerage business and a technology-led operating model, this is the right seat for a seasoned fixed income operations leader with 10+ years of experience who combines deep product knowledge across US Treasuries, Credit, and Repo with strong vendor management instincts, regulatory fluency, and the executive presence to engage credibly with senior management and regulators.

Key Responsibilities

• Lead, manage, and develop the Fixed Income Operations team; supervise work performed by the outsourced BPO operations team, ensuring the firm maintains full accountability for all output and control standards
• Serve as the primary escalation point for all fixed income lifecycle events including Corporate Actions, Settlements, Fails, and Securities Financing; review and assist with team resolution of customer unaffirmed trades, street-side breaks, and failed trades
• Monitor status of Regulatory Trade Reporting for all fixed income trades including FINRA TRACE; supervise defined processes to ensure adherence to regulatory requirements including Possession or Control, 17a-5, transaction reporting, and surveillance
• Review daily controls across credit and rates vendor systems; adhere to and propose improvements to the firm's control framework
• Work closely with the Front Office to establish best practices and drive operational efficiencies across the fixed income businesses; partner with internal stakeholders to onboard new business streams and vendors
• Work with all vendors and internal parties to increase automation and strengthen the overall control framework across fixed income operations
• As a Control Owner or Manager of a Control Owner: maintain SOX-assigned internal controls, implement and document controls designed to mitigate financial reporting risks, and monitor and test controls regularly to ensure they are operating effectively
• Assist with internal quarterly reporting as applicable; ensure compliance with regulatory requirements under SEC, FINRA, NFA, CFTC, and applicable exchanges
• Adhere to the operational risk framework; demonstrate the highest standards of integrity and conduct in line with firm values and Code of Conduct