All of our operations jobs in financial services firms are listed within this section.
Unlike the people working in the front office of an investment bank, fund manager or alternative investment house, operational finance professionals don't have direct contact with clients to drive revenues and gain profits for the organization. The operations division exists to support the rest of the business - operations professionals support the other employees and deal flows in the front office to guarantee everything works smoothly so the bank gets paid.
The primary duties of an operations job are clearing and settling trades. Clearing trades is checking that the records one bank has kept of the sale of a financial security match those of the bank or organization that has bought the security. Usually, simple trades are cleared automatically through immense electronic systems such as the Brussels-based Euroclear.
It's the job of settlements professionals to check that stocks or shares bought and sold by the bank's traders are exchanged for the right amount of money. A settlements job is basically a processing and controlling position. They are required to match instructions with counterparties and set up and monitor payments.
Settlements is a wide-ranging job, involving everything from preparing the documentation needed for a sale to checking the bank gets paid for all the shares it has sold and bought. Settlements professionals solve any problems with counterparties and review unsettled trades to speed along completion. For many of these jobs, you'll need knowledge of systems such as CCASS, DCCASS and SWIFT, as well as Euroclear/Clearstream.
Because financial services operations are becoming more automated, most operations jobs only require involvement when electronic systems fail ("exceptions") or developing new, more efficient processes and systems.
Clearing and settlements junior staff includes those who spend much of their time handling the exceptions. Their job is to discover what went wrong. Most simple clearing and settlements work now occurs in more economical centers such as Mumbai or the Philippines.
The position of trade support officer is closer to the trade floor. This position can handle many different asset classes, from equities and bonds to commodities or derivatives. Trade support officers answer any questions a trader could have, including anything from reconciliation problems to discrepancies between the various counterparties involved in a trade.
More advanced operations jobs higher up the career ladder involve much more strategy. Operations departments recruit project managers and business analysts who, for example, work on streamlining the exceptions process or work with off-shore teams to make processes more efficient and cost effective.
Settlements staff are hired in other financial institutions besides banks - as an example, hedge funds settlements professionals check that trades are booked and reported to the prime broker or custodian.
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| Project Manager (AVP) | Nevis Recruiting Depending on experience | New York, NY | 23 May 12 |
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Leading project management and business analysis activities relating to Derivatives & Stress Testing Implemen...
| Credit Products Sales Assistant | CRT Capital Group LLC Competitve Base Salary plus Commission O... | Stamford, CT, 06902 | 23 May 12 |
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Excellent growth oriented front office opportunity
| Strategic Sourcing Manager | Not Disclosed Compensation is commensurate with experi... | Manhattan, NY, 10005 | 23 May 12 |
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The New York Satellite Office of a large European Investment Bank is seeking a Strategic Sourcing Manager to m...
| Production Operations Specialist (Regional Technical Team Lead) | TradingScreen Inc Competitive | New York, NY | 23 May 12 |
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Role will require developing a deep understanding of the entire global trading system and working closely with...
| Client Support Specialist | TradingScreen Inc Competitive | New York, NY | 23 May 12 |
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In this role you will focus on providing technical and business support for TradingScreen's electronic trading...
| Principal Auditor - Operations and Global Logistic Services - VP | Deutsche Bank competitive | Manhattan, NY, 10005 | 23 May 12 |
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Deutsche Bank "Best Global Investment Bank 2010" A Passion to Perform. It's what drives us. More than a cl...
| Management Consultant | The North Highland Open | New York, NY, 10003 | 23 May 12 |
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- managing complex consulting projects at several clients -developing partnership relationships with client...
| Manager, Analytic Data | Moody's Corporation Annual | New York, NY, 10001 | 23 May 12 |
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The Role:To assist in supervising a diverse and ambitious team of Financial Data Analysts (FDAs) responsible ...
| Client Service Executive - Sales | Business Monitor International Market Rate | New York, NY, 10001 | 23 May 12 |
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Business Monitor International is a leading, independent provider of proprietary data, analysis, ratings, rank...
| VP Operational Risk – Capital Markets Front Office | Hudson Banking Competitive + 10-20% bonus + benefits | New York, NY, 10001 | 23 May 12 |
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My client is a large global banking institution that provides capital markets, investment banking, commercial ...
| Application Support Analyst | Markit Commensurate with experience | New York, NY, 10018 | 23 May 12 |
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MarkitSERV is seeking an experienced Application Support professional to join the Engineering Services Team. T...
| Procurement Agent | IJC Partners, LLC. Hourly Rate | New York, NY | 22 May 12 |
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Major Asset Management firm seeks a Procurement Agent
| Program Manager -(Director) | Credit Suisse commensurate with experience | New York, NY, 10010 | 22 May 12 |
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The successful candidate will join a highly valued, senior team of ambitious managers They will work on high...
| Risk Projects and Security Master Business Analysis Lead | Credit Suisse Base + bonus | New York, NY, 10010 | 22 May 12 |
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An ideal candidate is someone who has previous experience in Risk Management or Risk IT within Asset Managemen...
| Security Director - Americas East | BlackRock not disclosed | New York, NY | 22 May 12 |
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See job description below
| Operations & Quality Assurance Audit Associate | BlackRock not disclosed | New York, NY | 22 May 12 |
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See job description below
| Reference Data Regional Lead | Deutsche Bank USD | Manhattan, NY, 10005 | 22 May 12 |
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A Passion to Perform. It's what drives us. More than a claim, this describes the way we do business. We're com...
| Client Service Account Manager | Deutsche Bank USD | Manhattan, NY, 10005 | 22 May 12 |
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Functional Title: Client Service Account Manager Department: Trust and Agency Services Corporate Title ...
| Product Controller | Deutsche Bank USD | Manhattan, NY, 10005 | 22 May 12 |
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A Passion to Perform. It's what drives us. More than a claim, this describes the way we do business. We're com...
| Administrative Assistant | Societe Generale Commensurate with experience | New York, NY | 22 May 12 |
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Société Générale is one of the leading financial groups in the euro zone through market capitalization and off...
| KYC Analyst | Societe Generale Commensurate with experience | Jersey City, NJ | 22 May 12 |
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KYC Analyst will sit in our Jersey City, NJ office and will be responsible for a specific number of portfolios...
| MIS Reporting Analyst | Not Disclosed MIS Reporting Analyst | Manhattan, NY, 10281 | 22 May 12 |
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Responsible for Front Office reporting for the North America region.
| Clearing Margin Process Team Lead | Fusionfind LLC $150,000 base plus bonus | New York, NY | 22 May 12 |
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Clearing Margin Process Team Lead Vice President level with a major bank
| Financial Data Analyst | Moody's Corporation Annual | New York, NY, 10001 | 22 May 12 |
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ResponsibilitiesThe Financial Data Analyst (FDA) will be responsible for reading and understanding financial s...
| Financial Data Analyst | Moody's Corporation Annual | New York, NY, 10001 | 22 May 12 |
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ResponsibilitiesThe Financial Data Analyst (FDA) will be responsible for reading and understanding financial s...
| IFS Transfer Agency Manager, Vice President | State Street Bank not disclosed | New York, NY | 21 May 12 |
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See job description below
| Manager, IT Security, Risk & Compliance | AIG NA | New York, NY, 10001 | 21 May 12 |
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| Client Data Change Lead | Not Disclosed Competitive | Stamford, CT, 06901 | 21 May 12 |
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The Data organisation within the Investment Bank is a critical enabler to the various business and logistics f...
| Regional Settlements Change Lead (Americas) | UBS AG - Investment Bank Competitive | Stamford, CT, 06901 | 21 May 12 |
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Operations interfaces with all aspects of the Investment Banking organization in driving through the solutions...
| VP - Business Operations Change Management | Michael Page International $120,000 - $200,000 base | New York, NY, 10010 | 21 May 12 |
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Our client is searching for VP Level Change Management professionals with a Business Operations background. ...