Middle Office Lead - OTC Derivatives

This is a senior leadership role responsible for overseeing the operational management, strategic development, and control framework supporting a growing OTC derivatives business. The successful candidate will combine deep product knowledge with strong leadership capabilities, partnering closely with Trading, Technology, Risk, Treasury, Finance, Legal, and Compliance teams globally.

• Oversee the full lifecycle of exotic OTC derivative products from execution through settlement.
• Ensure accurate trade capture, booking, validation, lifecycle event processing, and trade maintenance.
• Manage collateral, financing events, corporate actions, cash management and position management activities.
• Maintain robust reconciliation processes across counter parties, brokers and internal systems.
• Drive exception management and operational issue resolution.
• Partner with Treasury on collateral optimization, liquidity management and funding requirements.
• Oversee CSA, ISDA and Prime Brokerage documentation and ensure effective margin management processes.

• Provide first-line support to global trading desks.
• Maintain strong controls across trade validation, collateral management, settlement oversight, cash and position management.
• Manage relationships with Prime Brokers and counter parties.
• Support business growth initiatives while ensuring operational resilience and scalability.

• Act as the operational lead for OTC product activity.
• Partner with key stakeholders across Trading, Legal, Treasury, Compliance, Finance and Technology.
• Lead operational readiness for new products, markets and strategic initiatives.
• Drive onboarding and business expansion projects.

• Calculate and analyse daily, monthly and quarterly P&L.
• Perform P&L attribution and identify drivers of financing and trading costs.
• Analyse capital usage, funding costs, margin utilisation, balance sheet consumption and return on capital metrics.
• Support strategic decision-making through operational and financial insights.

• Maintain a robust operational risk and control framework.
• Identify, assess and mitigate operational, settlement, valuation and counter party risks.
• Lead root cause analysis and remediation efforts for operational incidents.
• Ensure adherence to regulatory obligations and internal governance standards.

• Drive automation, digitisation and process improvement initiatives.
• Partner with technology teams to deliver scalable strategic solutions.
• Improve efficiency, control effectiveness and operational scalability through technology and AI-driven solutions.

• Lead, mentor and develop a high-performing Middle Office and Trade Support team.
• Translate business strategy into clear team objectives and measurable outcomes.
• Foster a culture of accountability, collaboration and continuous improvement.
• Build strong relationships with internal stakeholders and external counter parties globally.

• 5+ years of OTC derivatives operations, middle office or trade support experience.
• Proven leadership experience managing and developing high-performing teams.
• Strong understanding of OTC derivatives trade life cycles, market conventions, collateral and margin management.
• Experience supporting complex and/or exotic OTC products.
• Knowledge of OTC regulatory frameworks, including UMR.
• Strong commercial awareness and business management capabilities.
• Excellent communication and stakeholder management skills.
• Ability to operate effectively in a fast-paced, high-growth trading environment.
• Bachelor's degree in Finance, Economics, Mathematics or a related quantitative discipline.
• Exposure to SQL, VBA, Python and AI-enabled workflow solutions is highly desirable.

• Opportunity to join a Tier 1 proprietary trading firm with a global presence.
• Significant exposure to senior leadership and front office stakeholders.
• Leadership role with direct impact on business growth and operational strategy.
• Highly collaborative and technology-driven environment.
• Competitive compensation package and strong career progression opportunities.