Clearance & Settlement Executive Director

Clearance & Settlement Executive Director

Requirements

• Minimum of 15 years of related experience
• Bachelor’s degree preferred or equivalent experience
• 15+ years of related experience in Securities Settlement Operations, with a focus on Fedwire Securities Settlement required
• Experience with both Government Securities and Mortgage-Backed Securities, particularly in leading relevant Operations teams required
• Broad knowledge of Repo products, Inter-Dealer brokers, Clearing Bank functionality and SIFMA Good Delivery Guidelines required

Responsibilities

• Develops and helps implement management and risk mitigation tools into the organizational culture.
• Develops, communicates and ensures adherence to department risk policies, procedures and best practices.
• Fosters an environment of regulatory awareness and ensure regulatory compliance.
• Demonstrates and embeds the behaviors and proficiencies that build a risk management attitude in the organizational culture.
• Advances and articulates a long-term vision for their organization consistent with the corporate vision.
• Engage appropriate collaborators to achieve beneficial outcomes for organizational growth.
• Collaborates across boundaries to build strategic partnerships and achieve common goals.
• Articulates a long-term view and a shared vision with others and encourages agreement.
• Builds and handles workforce based on organizational goals, budget considerations, and staffing needs.
• Establishes the climate of the department/business unit regarding communication, trust, diversity, employee happiness, and problem-resolution.
• Builds organizational talent by supporting staff development, career resiliency, and succession planning.
• Effectively leads a multi-site, diverse and multi-generational workforce amid a variety of work situations.
• Develops human capital depth through a strong succession planning model.
• Ensure the design, development, and maintenance of procedures adequately address regulatory and compliance standards and risk mitigation.
• Ensure departmental goals are tied to corporate goals.
• Ensure business continuity and disaster recovery mandates are met.
• Holds self and management accountable for measurable high-quality, timely, and efficient results.
• Oversees and approves internal and client benchmarks as appropriate.
• Partners with Product Management define new business/ revenue opportunities.
• Establishes and maintains internal and external customer relationships and is accountable for the results of customer satisfaction surveys.
• Is accountable for results of audits, risk assessments, and compliance with industry-related legislation.
• Maintains a deep understanding of the business and is current with the business regulatory requirements.
• Provides input to and facilitates departmental risk assessment reports.
• Fosters a risk management culture through implementation and demonstration of processes and procedures which identify and mitigate risk.
• It is responsible for establishing and maintaining the financial budget for areas of responsibility.
• Supervises expenditures and uses cost-benefit thinking to set priorities.

Preferred Qualifications

• Multi-site support model management experience preferred
• Proven leadership, relationship management, analytical, risk management, and communication skills.