SBL and Delta One Middle Office
Job in
Greater London, London, Greater London, W1B, England, UK
Listed on 2026-10-09
Listing for:
Saxton Leigh
Full Time
position Listed on 2026-10-09
Job specializations:
-
Finance & Banking
Banking Operations, Financial Analyst, Financial Compliance, Banking & Finance
Job Description & How to Apply Below
A leading international securities business is looking for a SBL and Delta One Middle Office to join its growing Operations team.
You will work on the end-to-end back and middle office lifecycle of Securities Lending, Repo and Delta One products, with a particular focus on settlements.
Key Responsibilities:- Own the daily trade lifecycle for Securities Lending, Repo and Delta One products, from trade capture and confirmation through to settlement and reconciliations.
- Monitor, investigate and resolve settlement fails, working with counter parties, custodians and agents to minimise fail costs, buy-ins and penalties.
- Manage collateral movements, margin calls and disputes, and ensure collateral is accurately allocated and reconciled.
- Support asset servicing, including corporate actions, dividends, manufactured payments, recalls and income processing on financed and synthetic positions
- Perform daily position, trade and cash reconciliations, and investigate and clear breaks within agreed timelines.
- Support cash management and funding, including cash forecasting, nostro monitoring and liaison with Treasury.
- Identify,
** escalate
* * and remediate operational risks, and contribute to control improvements, audits and regulatory reviews (e.g. SFTR, CSDR). - Support process automation, system enhancements and change projects, including UAT.
- Act as a subject matter expert, mentoring junior team members and providing management information to senior stakeholders.
- Minimum 5 years’ experience in Securities Lending, Repo or Delta One operations within an investment bank or similar financial institution.
- Strong, demonstrable settlements experience across cash and securities, including CSDs, ICSDs and custodian networks.
- Working knowledge or experience in at least some of:
Collateral Management, Asset Servicing, Reconciliations, Cash Management or Treasury operations. - Sound understanding of the product lifecycle, market infrastructure and settlement cycles.
- Strong analytical and problem-solving skills, with high attention to detail and the ability to prioritise under pressure.
For further information, please contact Caitlynn Fourie
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