Core Operations, Avp Milano

Core Operations, Avp
Milano
Lombardia, Milano

Job Description

Who we are looking for

The major focus of this role is to manage Middle Office, Settlement and Cash in line with the departmental strategy and team resources in the Italy location.

Individuals must have an understanding of service requirements, processes and procedures for fund administration.

What you will be responsible for - Primary Responsibilities

Leadership:

- Responsible for the achievement of specific department performance targets and objectives

- Exercise operational oversight within the department and make sound operational decisions

- Contribute to the development of the organization in terms of financial planning, business strategy, service offerings and HR policies

- Create and drive a culture of strict adherence of all Corporate and Departmental procedures.

- Provide leadership and support to the department managers necessary for ensuring their teams are organized & working as efficiently & controlled as possible

Resource Management:

- Identify and secure resources required by the department and ensure effective utilisation

- Ensure that Settlement and Cash team are properly resourced both in terms of people and technology whilst complying with agreed budgetary guidelines

- Actively support the overall organization and Custody Training Plan

- Assist more senior colleagues and deputise in their absence

- Utilise management information to assist in managing both clients and resources

- Focus on development opportunities for your direct reports and ensure a focus on non-operational management within the department

- Using corporate MyWorkDay tools, actively participate in the performance appraisal process and monitor overall timeliness of completion for the entire team with your direct reports

Risk and Regulatory:

- Ensure compliance with regulatory requirements and with the relevant short, medium and long-term goals, objectives and values of the organization

- Promote risk awareness, assessment and control within the department

- Drive the development and implementation of appropriate procedures to meet internal control and external compliance/regulatory requirements

- Understand the risk environment within the department and manage appropriately

Communication:

- Provide regular feedback to managers and more senior colleagues with regard to Custody operations

- Lead and contribute to operational, client, risk, audit and regulatory meetings as required

Change Management:

- Initiate and oversee tasks within a continuous improvement drive to ensure that the Department is efficient and seen as customer and quality driven

- Provide support during the implementation of change

- Ensure participation in the completion and implementation of department wide projects and lead local team initiatives

- During the course of normal day to day operation, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures

- Highly numerate

Education & Preferred Qualifications

- Comprehensive procedural, technical and product knowledge of the Custody business is required.

This should be complemented with a strong understanding of Fund Accounting, Custody and Regulatory background to Funds Industry.

- Business related degree preferable

- Fluent English

What we value - these skills will help you succeed in this role

- Excellent communication, organizational and planning skills

- Ability to work to deadlines in a fast paced environment

- Excellent people management and leadership skills

- Ability to proactively work under own initiative

- Attention to detail and concern for quality