Chief Supervisor-Clearing & Settlement (225-623)

The Chief Supervisor of Clearing & Settlement plays a crucial role in the financial services industry by ensuring the efficient and accurate processing of transactions between firms. This key leadership position involves supervising a team responsible for clearing trades and settlements, alongside monitoring systems that facilitate these processes. As a Chief Supervisor, you will need to ensure compliance with industry regulations and implement best practices for risk management. You will also act as a strategic partner, collaborating with other departments to optimize settlement operations, maximize efficiency, and enhance client satisfaction. This role demands a strong attention to detail, excellent communication skills, and the ability to work under pressure to meet tight deadlines.

Responsibilities

• Lead and oversee the daily clearing and settlement operations to ensure timely execution.
• Implement strategies to enhance clearing and settlement processes in line with industry standards.
• Develop and maintain detailed operation manuals for clearing and settlement procedures.
• Monitor compliance with legal, regulatory, and company requirements in settlement processes.
• Coordinate with internal and external stakeholders to resolve settlement discrepancies promptly.
• Provide guidance and support to the settlement team, fostering a high-performance culture.
• Conduct regular training sessions to keep the team updated on market changes and trends.
• Manage and mitigate risks associated with clearing and settlement operations effectively.
• Oversee the implementation and maintenance of technology systems supporting settlements.
• Review and analyze settlement reports, driving improvements in accuracy and efficiency.
• Maintain a close relationship with financial exchanges and clearinghouses for operational updates.
• Prepare and present performance reports to senior management on clearing and settlement activities.

Requirements

• Bachelor's degree in Finance, Business Administration, or a related field is required.
• Proven experience in clearing and settlement operations within the financial sector.
• Strong knowledge of regulatory frameworks governing financial transactions and settlements.
• Excellent leadership skills with the ability to manage and inspire a team effectively.
• Detail-oriented with exceptional analytical and problem-solving abilities.
• Proficient with clearing house systems and settlement technology platforms.
• Excellent communication and interpersonal skills for effective stakeholder engagement.
• Ability to work under pressure and meet tight deadlines in a fast-paced environment.