Manager - Default Management

ASX Limited; Australia Landing (MS); Hybrid; USD 104,000 - 160,000; Full time

Job summary

ASX Limited is seeking a Senior professional to lead the Default Management execution, portability and resilience workstream within the Default Management team. You will map, implement and test operational capabilities across cleared product classes, and develop playbooks and readiness for portability, settlement continuity and broker execution.

You will collaborate with governance bodies, brokers, market participants and regulators, shaping requirements for change programmes and new products

Qualifications

• Have 7+ years’ domestic or international financial-markets experience, with practical understanding of traded products, liquidity, execution considerations and the pre- and post-trade lifecycle.
• Project or programme delivery experience, including scoping, requirements, testing and implementation of change in a financial-markets or post-trade environment.
• Experience operating within governance and control frameworks, including committee or Board material and managing audit, regulatory or self-identified actions through to closure.
• Strong stakeholder management, with a record of delivering across business, operations, technology, legal and external parties.
• Ability to analyse complex operational problems, identify dependencies and develop practical solutions under time pressure.
• Strong data and requirementsdiscipline, with experience building processes, controls or operational capability from a standing start.
• Excellent written and verbal communication, including presenting technical matters to non-technical audiences.
• Relevant tertiary qualifications or equivalent professional experience.
• Experience working with external stakeholders including brokers, market participants and regulatory agencies.

Responsibilities

• Build out the execution, portability and resilience pillar — investigating, mapping and enhancing the capabilities that take an established framework further into practical, tested and evidenced application, including:
• Building the agreed Default Management uplift roadmap into a working operating model across cleared product classes.
• Developing default management playbooks, procedures and evidence that make default-time workflows practical and repeatable.
• Mapping and establishing operational readiness for portability, transfer, collateral and settlement continuity, working across ASX’s operational and subject-matter teams.
• Establishing and testing default broker and counterparty execution readiness, closing gaps in coverage, arrangements and connectivity.
• Designing and running the operational components of fire drills and simulations, documenting and incorporating lessons learned.
• Building the default management communications and escalation framework, supporting Board, regulator and participant engagement.
• Defining and shaping Default Management requirements for market infrastructure change programmes and new products.
• Investigating and delivering assigned items on the Default Management delivery and assurance register, closing audit, regulatory and self-identified actions to schedule.
• Preparing papers and analysis for governance forums, and building working relationships with brokers, participants and regulators.

Job description

ASX: Powering Australia's financial markets

Why join the ASX?When you join ASX, you’re joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you’ll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub.

We are more than a securities exchange!The ASX team brings together talented people from a diverse range of disciplines.

We run critical market infrastructure, with 1 in 3 people employed within technology.

Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We’re proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture.

Our employee-led networks champion LGBTIQ+ inclusion, promote gender equality, accessibility and wellbeing, inspire giving and volunteering, and celebrate cultural and religious events, creating a sense of belonging for all.

As an AWEI Bronze employer and member of the Champions of Change Coalition for gender equality, we’re committed to a fair and inclusive workplace where everyone can thrive.

Your Team

The Default Management team is responsible for ASX’s preparedness and response to a clearing participant default across both clearing houses. Default management at ASX has strong foundations, and the team is now being expanded around three pillars: leadership and strategy; portfolio intelligence, auctions and analytics; and execution, portability and resilience. Reporting to the Senior Manager, Default Management, this role builds out the execution and operations pillar.

Your responsibilities

• Build out the execution, portability and resilience pillar — investigating, mapping and enhancing the capabilities that take an established framework further into practical, tested and evidenced application, including:
• Building the agreed Default Management uplift roadmap into a working operating model across cleared product classes.
• Developing default management playbooks, procedures and evidence that make default-time workflows practical and repeatable.
• Mapping and establishing operational readiness for portability, transfer, collateral and settlement continuity, working across ASX’s operational and subject-matter teams.
• Establishing and testing default broker and counterparty execution readiness, closing gaps in coverage, arrangements and connectivity.
• Designing and running the operational components of fire drills and simulations, documenting and incorporating lessons learned.
• Building the default management communications and escalation framework, supporting Board, regulator and participant engagement.
• Defining and shaping Default Management requirements for market infrastructure change programmes and new products.
• Investigating and delivering assigned items on the Default Management delivery and assurance register, closing audit, regulatory and self-identified actions to schedule.
• Preparing papers and analysis for governance forums, and building working relationships with brokers, participants and regulators.

Your experience and qualifications

Must have

• Have 7+ years’ domestic or international financial-markets experience, with practical understanding of traded products, liquidity, execution considerations and the pre- and post-trade lifecycle.
• Project or programme delivery experience, including scoping, requirements, testing and implementation of change in a financial-markets or post-trade environment.
• Experience operating within governance and control frameworks, including committee or Board material and managing audit, regulatory or self-identified actions through to closure.
• Strong stakeholder management, with a record of delivering across business, operations, technology, legal and external parties.
• Ability to analyse complex operational problems, identify dependencies and develop practical solutions under time pressure.
• Strong data and requirementsdiscipline, with experience building processes, controls or operational capability from a standing start.
• Excellent written and verbal communication, including presenting technical matters to non-technical audiences.
• Relevant tertiary qualifications or equivalent professional experience.
• Experience working with external stakeholders including brokers, market participants and regulatory agencies.

Nice to have

• Experience gained in front office, markets operations, product control, market or counterparty risk, treasury, clearing, settlement or market infrastructure.
• Experience designing or running operational exercises, simulations or crisis scenarios.
• Experience in default management, recovery or resolution planning within a financial institution or market infrastructure.
• Understanding of central counterparty activities, exchange-traded and OTC derivatives, or cash-equities settlement.
• Knowledge of the Australian financial regulatory environment or relevant international standards for financial market infrastructures.

We make hiring decisions based on your skills, capabilities and experience, and how you’ll help us to live our values.

We support flexible working and offer hybrid working options. Even if our roles are advertised as full-time, we encourage you to apply if you are interested in part-time or other flexible working arrangements.

We will arrange for successful candidates to have background checks, including reference and police checks, completed as part of the on-boarding process.

To be considered for this position, candidates must be legally authorised to work in Australia on a permanent basis without any restrictions.