Who we’re looking for
The Broker Management team is responsible for onboarding all Derivative trading accounts both internally and externally for OTC Bilateral & Cleared, ETD, FX, CFDs. They also set up Term Deposit & TBA trading, as well as any new broker relationships for Schroders. Additionally, they are responsible for coordinating all KYC/DDD queries from brokers about our either our funds & clients and/or Schroder entity queries. The team’s responsibility is to set up key business data for Trading, Collateral, Legal and Operations in our front to back systems.
For this Technical Specialist role, we are seeking an individual with previous Derivative onboarding experience, specifically Exchange Traded Derivatives (ETD) and the clearing model. Excellent knowledge and experience in KYC & due diligence documentation is vital. The right individual for this role will have to demonstrate the ability to be proactive, organised and work collaboratively with colleagues and external parties. They will need good knowledge of commercial issues, understand Derivatives, have the ability to interrogate processes, diagnose issues and be able to rectify these tactically and strategically.
About Schroders
We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 5,000 people on six continents. And we’ve been around for over 200 years, but keep adapting as society and technology changes. What doesn’t change is our commitment to helping our clients, and society, prosper.
The team
The Broker Management UK function is a central team within Investment Services, reporting to the Investment COO and covers the EMIR & US regions. The team provides support from 8:00 – 18:00 to Investment, Traders and wider Investment Services teams. The team aims to enable business growth, ensure all required trading accounts are open when required, manage risk and also seeks for constant evolution and simplification of processes.
What you’ll do
• Own the end to end onboarding process, utilising the Work in Progress (WIP) logs, collating and recording key business data and ensuring deadlines are always met
• Keep all key parties clearly informed of onboarding status progression from initiation to completion
• Maintain accurate mandate data in internal databases and external platforms
• Liaise with brokers on Schroder entity KYC questions & documentation
• Maintain up to date due diligence docs in Markit KYC, permission appropriate / approved brokers
• Assist with any process improvement, ensure operating guidelines are met and controls are accurately completed
The knowledge, experience and qualifications you need
• Previous experience with Derivative onboarding
• Understanding of either/both ETD or OTC Derivative instruments
• Strong KYC / Due Diligence Documentation experience & understanding
• Aladdin experience preferred, but not essential.
• Excellent written and verbal communication skills
• High level of accuracy and attention to detail
What you’ll be like
• Can work on own initiative and under pressure, whilst maintaining excellent attention to detail
• Able to work collaboratively across teams, to tight deadlines and provide regular progress updates
• Motivated, committed and enthusiastic personality. Must have a “can do” attitude
• Excellent written and verbal skills
• Good administrative and organisational skills
• Experience in asset manager industry essential
• Proactive in learning new skills
• Natural desire to be analytical
We’re looking for the best, whoever they are
Schroders is an equal opportunities employer. You’re welcome here whatever your socio-economic background, race, sex, gender identity, sexual orientation, religious belief, age or disability.
