OTC Middle Office Lead

Due to our continued growth, we are seeking an OTC Derivatives Middle Office Lead to join our expanding London office. Reporting to the Head of Trading Operations, you will lead the operational support and strategic management and continued development of the OTC Derivatives business. We are looking for a commercially focused senior product manager who can combine deep expertise, middle office leadership, business management, and operational oversight to ensure the effective delivery of product and trade lifecycle management.

You will lead and develop the Middle Office team, translating the OTC Derivatives strategy and evolving business priorities into clear performance goals, individual accountability and measurable delivery and business impact. You will support trading in close collaboration with Compliance, Technology, Treasury, Finance, Legal and Risk regionally and globally as well as external counter parties ensuring alignment across the end-to-end product lifecycle while maintaining sufficient controls and operational resilience.

• Oversee the complete lifecycle of exotic OTC products from execution through settlement.
• Ensure accurate trade capture, booking, validation, Lifecycle event processing and trade maintenance.
• Manage corporate actions, collateral processes, financing events, cash, and position management activities.
• Oversee reconciliations with broker, counter parties, and internal systems.
• Drive efficient exception management and issues resolution across all supported products.
• Partner with Treasury on Liquidity and cash optimization managing eligible collateral and collateral postings and produce outflow projections based on lifecycle events
• CSA / ISDA & collateral documentation oversight:
  Ensure we are accounting for margin timing, thresholds, and haircuts in CSA, ISDA and PB documentation in our workflow

• Provide first-line operational support to trading desk.
• Maintain robust controls across:
  • Trade capture and booking
  • Trade validation
  • Collateral management
  • Prime Broker relationships
  • Counter party management
  • Settlements oversight.
  • Cash and position controls
• Ensure operational stability and support business growth initiatives

• Function as the product aligned operational lead for OTC products.
• Partner closely with Trading, Legal, Treasury, Finance, Technology and Compliance functions regionally and globally
• Lead Operational readiness for new products, markets, clients, and strategic initiatives.
• Drive product onboarding and business expansion initiatives.

• Calculate and explain daily, monthly, and quarterly P&L
• Perform P&L attribution and explain drivers of trade and financing costs.
  • Analyse:
  • Margin utilization
  • Funding costs
  • Capital usage.
  • Balance sheet usage
  • Return on Capital
  • RWA usage

• Maintain a strong operational and risk control framework (RCSA)
• Identify assess and mitigate operational, settlement, valuation, and counter party risks.
• Lead root cause analysis and remediation of operational incidents.
• Ensure compliance with regulatory obligations and internal policies.

• Identify opportunities to automate and digitize operational workflows.
• Partner with technology teams to define requirements and implement strategic solutions to enable scale and drive automation and efficiency.
• Enhance scalability, efficiency, and control effectiveness.

• Build strong working relationships across Trading, Compliance, Legal, Treasury, Technology, Finance, Risk and Tax both regionally and globally, driving alignment, partnership, and effective delivery across the OTC Derivatives business.
• Manage relationships with Prime Brokers, Clearing Brokers, and Counter parties

• Lead and develop a high-performing team of Trade Support and Middle Office professionals, translating business strategy and changing priorities into clear team and individual performance goals and accountabilities.
• Drive delivery and business impact in a fast-moving, complex environment, adapting team priorities and ways of working as business needs evolve.
• Manage individual performance and development, setting clear expectations and providing regular feedback and coaching to strengthen capability.
• Foster a collaborative, high-performance culture focused on operational excellence, accountability, continuous improvement and delivery against changing business needs.
• Lead the resolution of complex operational, valuation, lifecycle and product-related issues, bringing together the right stakeholders and ensuring clear ownership, timely decision-making and sustainable outcomes.

• 7+ years’ progressive experience in OTC operations with demonstrated growth in scope and responsibility
• Proven people leadership experience, with a track record of translating business strategy and evolving priorities into clear team and individual performance…