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Phaxis · 1 day ago

Director - Head of Derivative Settlements

New York, NY

Full-time

Onsite

Director/Executive

$180K/yr - $225K/yr

10+ years exp

Phaxis is a global investment banking client seeking an experienced professional to serve as the Head of Derivative Settlements. This role involves leading a team of approximately 15 professionals to oversee trade settlements, ensure operational accuracy, drive process improvements, and uphold risk management standards.

DeliveryHuman ResourcesStaffing Agency

Responsibilities

Manage and develop a team of ~15 operations staff supporting post-trade processing for derivatives

Provide strategic direction, mentorship, and performance oversight to ensure team success and engagement

Promote a culture of transparency, accountability, and operational discipline

Oversee timely settlement of trades executed by the trading desk and external clients

Track and resolve cash and securities breaks, working closely with trade support and reconciliation teams

Ensure all standard settlement instructions (SSIs) are validated and released appropriately

Monitor and manage settlement risk and exposure across products and counterparties

Coordinate user acceptance testing (UAT) and system rollouts with internal stakeholders and technology partners

Draft, review, and maintain all operational documentation, including team training materials

Qualification

Derivative trade settlementCash managementOperations managementMicrosoft Office SuiteSWIFT messaging systemsProcess improvementRisk managementClient Series 99 licenseTeam leadership