Manager - Default Management

ASX:
Powering Australia's financial markets

Why join the ASX?

When you join ASX, you’re joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you’ll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub.

We are more than a securities exchange!

The ASX team brings together talented people from a diverse range of disciplines.

We run critical market infrastructure, with 1 in 3 people employed within technology.

Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We’re proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture.

Our employee-led networks champion LGBTIQ+ inclusion, promote gender equality, accessibility and wellbeing, inspire giving and volunteering, and celebrate cultural and religious events, creating a sense of belonging for all.

As an AWEI Bronze employer and member of the Champions of Change Coalition for gender equality, we’re committed to a fair and inclusive workplace where everyone can thrive.

The Default Management team is responsible for ASX’s preparedness and response to a clearing participant default across both clearing houses. Default management at ASX has strong foundations, and the team is now being expanded around three pillars: leadership and strategy; portfolio intelligence, auctions and analytics; and execution, portability and resilience. Reporting to the Senior Manager, Default Management, this role builds out the execution and operations pillar.

• Build out the execution, portability and resilience pillar — investigating, mapping and enhancing the capabilities that take an established framework further into practical, tested and evidenced application, including:
• Building the agreed Default Management uplift roadmap into a working operating model across cleared product classes.
• Developing default management playbooks, procedures and evidence that make default-time workflows practical and repeatable.
• Mapping and establishing operational readiness for portability, transfer, collateral and settlement continuity, working across ASX’s operational and subject-matter teams.
• Establishing and testing default broker and counter party execution readiness, closing gaps in coverage, arrangements and connectivity.
• Designing and running the operational components of fire drills and simulations, documenting and incorporating lessons learned.
• Building the default management communications and escalation framework, supporting Board, regulator and participant engagement.
• Defining and shaping Default Management requirements for market infrastructure change programmes and new products.
• Investigating and delivering assigned items on the Default Management delivery and assurance register, closing audit, regulatory and self-identified actions to schedule.
• Preparing papers and analysis for governance forums, and building working relationships with brokers, participants and regulators.

• Have 7+ years’ domestic or international financial-markets experience, with practical understanding of traded products, liquidity, execution considerations and the pre- and post-trade lifecycle.
• Project or programme delivery experience, including scoping, requirements, testing and implementation of change in a financial-markets or post-trade environment.
• Experience operating within governance and control frameworks, including committee or Board material and managing audit, regulatory or self-identified…