Director/Vice President, Clearing Policy and Operations
The role reports directly to the Senior Vice President, Global Industry Operations and Technology, FIA, and works with the Global Policy & Regulation team focusing on issues affecting European member firms and issues affecting global access to European Central Counterparties (CCPs). Director or Vice President level will be determined based on relevant industry experience.
Role and Responsibilities
European Operations Committee
- Together with the chair of the committee, leading and coordinating the meetings, agenda and work streams of FIA’s European Operations Committee and any related working groups, as well as coordinating roundtable meetings with primary members, exchanges, CCPs and software providers.
- Analyse rule change proposals, consultation papers, position papers, and industry guidance.
- Draft strategy papers, consultation responses, industry best practice/guidance, and coordinate member feedback.
- Research on issues discussed in the working groups and responding to member requests.
- Liaise with regulators and legislators on operational aspects of cleared derivatives.
- Provide summaries and updates of legislation/regulation and policy papers to management, colleagues, and member firms.
- Keep the Head of Europe updated on the ongoing work streams on which the European Operations Committee are engaged
- Liaise with the Senior Vice President, Global Industry Operations and Technology, on matters of common interest in relation to post trade operations, clearing and settlement globally.
European Policy & Regulation team
- Keep the Head of Europe, Senior Vice President, Global Policy, and VP of EU Policy and Regulation updated on the ongoing work streams on which the European Operations Committee is engaged, supporting them as necessary with regulatory policy work relating to operational matters in Europe, including but not limited to EMIR and MiFID II/MiFIR issues (e.g. Indirect Clearing and Straight Through Processing) as well as global issues that may impact member firms.
- Support other working groups as necessary (e.g. European Government Relations, and Compliance Committees, and other regional Operations committees).
- Present regulatory and operational updates at FIA fora, Committee and Working Group meetings.
- Participating in CCP risk matters, including the global CCP Risk working group and taking the lead on European CCP risk matters where appropriate.
- Set up meetings with UK and European regulatory authorities (e.g. FCA, BaFin, AFM, AMF, etc.), politicians and other policy makers (e.g. central bankers).
- Attend advocacy meetings and effectively present member concerns key issues.
- Represent FIA at industry events/seminars and continue to raise awareness with regulators by attending networking sessions with members and participating in conferences.
- Liaising with other trade associations (AFME, MFA, AIMA and ISDA) to seek industry consensus.
- Mid to senior level experience within a cleared derivatives operations team at an FIA member firm or CCP.
- Ability to analyse proposals and articulate key issues facing the industry.
- Ability to communicate clearly with people across different organisations.
- Ability to prepare high quality drafts for internal and external stakeholders.
- Organisational and presentation skills for member Committees/Working Groups.
- Attention to detail.
- Must be proactive in managing own workload and prioritizing tasks, as well as the ability to work within a small team environment where tasks may be shared.
Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individual with Disabilities
For further information and a full job description, please contact: firstname.lastname@example.org
FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, D.C. FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from more than 48 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system and promote high standards of professional conduct.