State Street

Head of Operations (CF Global Trading), Vice President

Recruiter
State Street
Location
Lisbon
Salary
Not disclosed
Posted
02 Apr 2024
Closes
02 May 2024
Ref
R-747928
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Director

Who we are looking for

CF Global Trading is a leading provider of global execution solutions to institutional asset managers, pension funds, and hedge funds. Our firm trades multiple asset classes either as a supplement to an asset manager’s existing dealing operation or as a fully outsourced partner. With our acquisition by State Street, we are looking for a Head of Operations for our European legal entity located in Portugal. The successful applicant will report to the CEO of CF Global and global head of operations, located in London.

As Head of Operations, Portugal, you will oversee the day-to-day operations of our European-regulated broker-dealer, including direct and indirect oversight of employees and processes, some of which will be outsourced to other sites. Operational processes include onboarding new clients and counterparties, management of client and market data in systems and facilitating the post-trade life cycle activity for equity and fixed-income securities, some of which will be outsourced to other sites. Significant consideration is applied to a risk framework to ensures controls are in place to mitigate areas of exposure and to meet all our regulatory obligations.   As part of the Management team of Portugal,  you will also lead initiatives that integrate the broker-dealer into the larger State Street organization as well as drives product growth for the European region.  Locally, the role is responsible for monitoring the activity of subcontractors to Business Risk, Operations and Corresponding Clearing, IT Support (STT Systems), Procurement, Technology and Finance, and corporate accounting services.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending, and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us if making your mark in capital markets industry from day one is a challenge you are up for.

What you will be responsible for

As Head of Operations, Portugal, you will join a professional, global operations team that has served institutional asset managers for more than 20 years. Operations staff at CF Global Trading are tightly integrated with trading to deliver smooth settlement for clients in dozens of markets globally. The work environment is complex, and you will have the opportunity to get involved in all aspects of operations. Core tasks will include:

  • Oversight of the onboarding and KYC process, static data maintenance across systems, and post trade life cycle activity for the European legal entity
  • Liaise with trading, product, and operations teams across global locations
  • Oversight of Market abuse analysis and Transaction reporting to European regulators
  • Direct and indirect oversight of team staff that includes driving a performance culture by empowering employees to operate in a high-performing team that delivers tangible outcomes
  • Evolve our technology road map to operate to scale and supports growth with automation rather than exception processing
  • Partner with business heads to understand product growth and revenue opportunities so we support them with optimal operating models
  • Work across State Street corporate partners and Centers Of Excellence to ensure we escalate and resolve issues proactively 
  • Understand the evolving regulatory environment to ensure processes are in place to capture and support change
  • Drive discussions and out comes with regulators and auditors during exams
  • Oversee performance and risk indicators with productive reporting and metrics
  • Review, maintain and/or implement controls when applicable to reduce risk
  • Support the ‘Risk Excellence’ culture within the business
  • Drive product growth for the region
  • Monitoring activity of subcontractors for Business Risk, Operations and Corresponding Clearing, IT Support (STT Systems), Procurement, Technology and Finance and corporate accounting services

What we value

These skills will help you succeed in this role -

  • Deep understanding of European Financial Markets, regulatory requirements, and operational processes
  • Working knowledge of international securities markets trade settlement regimes and practices, specifically those across the European region
  • Demonstrated record of managing risk within operational environments 
  • Working knowledge of CMVM, FCA, and ECB regulations
  • Experience with financial responsibility rules that apply to self-clearing broker-dealers
  • A Change Management mindset and proven records of leading large-scale initiatives
  • Fluent in English and Portuguese 

Education & Preferred Qualifications

  • 15+ years of capital markets and operations experience that includes demonstrated leadership of teams
  • Experience in product management

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data-driven decisions, and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

Work, Live, and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance, and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs, and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

For further information, and to apply, please visit our website via the “Apply” button below.

More searches like this