VP, Derivative Confirmations
Phaxis · New York, New York, United States · 1 mo ago
HybridFinanceFull-time
Key Responsibilities
- Lead and develop a team of Confirmations professionals, ensuring timely dispatch and execution of confirmations with counterparties
- Identify, escalate, and resolve trade breaks in a timely manner
- Ensure ongoing compliance with applicable regulatory requirements
- Maintain proficiency across industry-standard platforms and internal systems
- Identify process improvement opportunities and implement changes to enhance efficiency and accuracy
- Contribute to and support testing of system enhancements, new products, and industry initiatives
- Maintain accurate documentation for all team-owned controls and procedures
- Serve as a point of escalation and liaison for senior management on confirmation-related matters
- Cross-train and develop team members to ensure operational coverage and participation in key initiatives
- Establish clear goals, priorities, and performance benchmarks to drive team productivity and accountability
- Balance day-to-day operational requirements with the longer-term strategic development of the function
- Demonstrate a strong customer service mindset in supporting internal and external stakeholders
Qualifications
- 10+ years of experience in financial services
- 5+ years of supervisory or team management experience
- 3+ years of experience in a Confirmations or trade documentation capacity
- Bachelor's degree required; Finance, Accounting, or related discipline preferred
- Strong knowledge of regulatory and risk frameworks relevant to Operations
- Excellent verbal and written communication skills, with the ability to engage diverse audiences
- Prowess in project management
- Proven ability to independently assess situations and articulate a clear course of action
- Proficiency in Microsoft Office suite (Word, Excel, PowerPoint)