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Gibel & Associates Inc.

Operations Manager

Gibel & Associates Inc., New York, New York, us, 10261

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Leading Global Banking group seeks a “Operations Manager” 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 selected candidate will interact with Clearing Banks, Issuing and Paying Agents, Central Clearing Counterparties and related exchanges, the Federal Reserve Bank (FRB), and both internal and external auditors. The role also involves interfacing with regulators and serving as 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 Operations Manager 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 with the Bank’s counterparties. Strong leadership and team management abilities are essential.

The preferred candidate will be skilled in managing and mentoring branch operations staff, including direct and indirect reports across Treasury, Payments, Loans, 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 managing or overseeing daily operations of 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, Repo's, Securitizations, and Derivatives. Experience with MBS a plus.

Good Treasury and accounting skills and proficiency in payments and securities settlement systems: SWIFT, FEDWIRE Funds, FEDWIRE Securities, Clearstream, Euroclear and DTC.

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/examinations and RFI's.

Bachelor’s degree required. Graduate degree in business, accounting or finance a plus but not necessary.

Excellent Base 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.

Seniority level Executive

Employment type Full-time

Job function Accounting/Auditing, Finance, and Management

Industries Banking, Investment Banking, and Financial Services

Benefits

Medical insurance

Vision insurance

401(k)

Paid paternity leave

Paid maternity leave

Child care support

Pension plan

Student loan assistance

Tuition assistance

Disability insurance

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