OTC Middle Office Lead

Overview

In this role you will lead the Middle Office for OTC derivatives in our London office, translating strategy into clear performance goals and delivering end-to-end product and trade lifecycle management. You will work closely with Trading, Compliance, Technology, Treasury, Finance, Legal and Risk to ensure robust controls and operational resilience while enabling growth. You’ll drive onboarding of new products and initiatives, balancing speed with risk management. This is an impact role for shaping the efficiency and scalability of the OTC derivatives business.

Responsibilities

• Oversee the full lifecycle of exotic OTC products from execution to settlement
• Ensure accurate trade capture, booking, validation and lifecycle event processing
• Manage corporate actions, collateral, financing events, cash and position management
• Oversee reconciliations with brokers, counterparties and internal systems
• Drive exception management and issue resolution across supported products
• Partner with Treasury on liquidity and cash optimization and collateral management
• Oversee CSA/ISDA/collateral documentation in workflow including margin timing, thresholds and haircuts
• Provide first-line operational support to trading desk and maintain robust controls across trade capture, booking, validation, collateral, prime broker relationships, counterparty management, settlements, cash and position controls
• Lead operational readiness for new products, markets, clients and strategic initiatives
• Drive product onboarding and business expansion initiatives
• Calculate and explain P&L, perform attribution, analyze margins, funding costs, capital usage, balance sheet usage and ROE/RWA

Key requirements

• 7+ years’ experience in OTC operations with progressive responsibility
• Proven people leadership with ability to translate strategy into team goals and outcomes
• Track record of building high-performing, adaptable team culture with accountability
• Strong performance management, coaching and talent development capabilities
• Bachelor in Finance (or related field)
• Deep knowledge of trade lifecycle, market conventions, collateral and margin management across multiple product types including exotic OTC
• Understanding of the regulatory environment for OTC products (UMR)
• Clear communication to diverse audiences and strong stakeholder management
• Ability to deliver in fast-moving, complex settings with strong controls
• Knowledge of SQL, VBA and Python (desirable) including AI tools

• Strategic leadership
• Stakeholder management
• Communication
• SQL
• VBA
• Python

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