FVP - Head of Bank Operations

Leading Global Banking group seeks a “FVP - Head of Operations” for their growing New York branch with responsibility for supporting Corporate Banking / Structured Finance and Treasury operations and managing/supervising a team that processes, clears and reports all transactions. The desired candidate will be responsible for interaction with Clearing Banks / Issuing and Paying Agents, Central Clearing Counterparties & related exchanges, FRB, and Auditors (internal and external), interface with the regulators and be a member of the Branch Management Committee. He/She will possess a good technology understanding, strong knowledge of issues facing banking operations, be able to recommend and implement solutions and have a robust accounting understanding. The “FVP - Head of Operations” will possess excellent communication skills, have the ability to interact at multiple levels: participate in Management Committee meetings, liaise with Head Office, be a member of various steering committees of the Branch, interact with internal groups/departments on processing of transactions and with the Bank’s counterparties and demonstrate Leadership and Management skills. The preferred candidate will be proficient in managing and mentoring a branch operations staff of direct and indirect reports in the Treasury, Payments, Loan, and Letters of Credit areas. This is an excellent opportunity to continue to learn and grow in a team-oriented and professional work environment.

Detailed Qualifications:

• A minimum of 10 to 20 years of experience preferably acquired in an international bank or money center bank in managing/overseeing daily operations for a medium sized institution.
• Knowledge of current banking laws and regulatory requirements: OFAC, USA Patriot Act, BSA/AML, FDIC, NYSDF, FRB, etc.
• In-depth understanding of Commercial Loans, Funds Transfers, Letters of Credit, Money Markets, Securitizations, Derivatives. Previous experience with MBS operations would be a plus though not necessary.
• Good Treasury and accounting skills and proficiency in payments and securities settlement systems: SWIFT, FEDWIRE Funds, FEDWIRE Securities, Clearstream, Euroclear, DTC, etc.
• Knowledge of Funds Transfer and Securities investigations & compensations and related rules.
• Knowledge of UCP 500, UCP 600, ISP 98 (Letters of Credit related) & LSTA related to Loans.
• Familiarity with trading systems/platforms(Bloomberg, Trade Web, Markit Wire) and knowledge of clearing house, OTC, CDS, FX, & listed derivatives infrastructure and protocols.
• Previous experience with internal and external audits/examinatio ns and RFI's.
• Bachelor’s degree required. Graduate degree in business, accounting or finance a plus but not necessary.

Excellent Salary, Bonus and Benefits including Pension Plan

Our client, a well-managed Global Banking and Finance institution, has a history of rewarding employees with growth, opportunity, and stability. EOE.