Prime Brokerage COO, Global Financial Markets

About the role

The Bank is seeking an experienced candidate to serve as Prime Brokerage COO to lead the build-out and strategic growth of its Prime Brokerage franchise, initially focusing on infrastructure build-out and the launch of related financing solutions. The role defines and executes the infrastructure, operating model, governance framework and client onboarding strategy, acting as a trusted partner to senior management and working closely with Trading, Sales and supporting functions.

Key responsibilities

• Lead the Prime Brokerage build-out, prioritizing Stock Lending, Equity Financing and Equity Swaps, and establish the target operating model, governance and infrastructure
• Drive new business, product launches, legal entity expansion and market entry, and lead cross-functional initiatives with IT, Operations, Risk, Finance and Front Office
• Manage business activities including strategic planning, budgeting, resource allocation and performance reporting, and monitor revenue, client profitability, inventory utilization and balance sheet consumption
• Support the launch of Securities Borrowing and Lending and Equity Swap businesses, and enhance inventory management, financing workflows, margin processes and client servicing
• Establish a governance and control framework, lead regulatory reviews and audits, ensure compliance across jurisdictions, and chair or take part in governance committees
• Build trade control frameworks covering algorithmic governance, pre- and post-trade controls and approval and escalation protocols

Required profile

• 15+ years of financial services experience, with at least 10 years in Prime Brokerage, Equities or Markets COO functions
• Demonstrated experience launching, expanding or transforming Prime Brokerage and financing businesses
• Proven track record leading large-scale strategic initiatives across Front Office and infrastructure functions
• Experience engaging directly with senior management, regulators and key external stakeholders
• Prior experience in business/legal entity build-outs, regulatory inspections, electronic trading controls and front-to-back operating model design