Manager in Sydney

ASX: Powering Australia's financial markets

When you join ASX, you're joining a company with a strong purpose - to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you'll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub.

Your Team

The Default Management team is responsible for ASX's preparedness and response to a clearing participant default across both clearing houses.

Default management at ASX has strong foundations, and the team is now being expanded around three pillars: leadership and strategy; portfolio intelligence, auctions and analytics; and execution, portability and resilience.

Reporting to the Senior Manager, Default Management, this role builds out the execution and operations pillar.

• Your Responsibilities
• Build out the execution, portability and resilience pillar — investigating, mapping and enhancing the capabilities that take an established framework further into practical, tested and evidenced application, including:
• Building the agreed Default Management uplift roadmap into a working operating model across cleared product classes.
• Developing default management playbooks, procedures and evidence that make default-time workflows practical and repeatable.
• Mapping and establishing operational readiness for portability, transfer, collateral and settlement continuity, working across ASX's operational and subject-matter teams.
• Establishing and testing default broker and counterparty execution readiness, closing gaps in coverage, arrangements and connectivity.
• Designing and running the operational components of fire drills and simulations, documenting and incorporating lessons learned.
• Building the default management communications and escalation framework, supporting Board, regulator and participant engagement.
• Defining and shaping Default Management requirements for market infrastructure change programmes and new products.
• Investigating and delivering assigned items on the Default Management delivery and assurance register, closing audit, regulatory and self-identified actions to schedule.
• Preparing papers and analysis for governance forums, and building working relationships with brokers, participants and regulators.
• Your Experience And Qualifications
• Must have
• Have 7+ years' domestic or international financial-markets experience, with practical understanding of traded products, liquidity, execution considerations and the pre- and post-trade lifecycle.
• Project or programme delivery experience, including scoping, requirements, testing and implementation of change in a financial-markets or post-trade environment.
• Experience operating within governance and control frameworks, including committee or Board material and managing audit, regulatory or self-identified actions through to closure.
• Strong stakeholder management, with a record of delivering across business, operations, technology, legal and external parties.
• Ability to analyse complex operational problems, identify dependencies and develop practical solutions under time pressure.
• Strong data and requirements discipline, with experience building processes, controls or operational capability from a standing start.
• Excellent written and verbal communication, including presenting technical matters to non-technical audiences.
• Relevant tertiary qualifications or equivalent professional experience.
• Experience working with external stakeholders including brokers, market participants and regulatory agencies.
• Nice to have
• Experience gained in front office, markets operations, product control, market or counterparty risk, treasury, clearing, settlement or market infrastructure.
• Experience designing or running operational exercises, simulations or crisis scenarios.
• Experience in default management, recovery or resolution planning within a financial institution or market infrastructure.
• Understanding of central counterparty activities, exchange-traded and OTC derivatives, or cash-equities settlement.
• Knowledge of the Australian financial regulatory environment or relevant international standards for financial market infrastructures.

We make hiring decisions based on your skills, capabilities and experience, and how you’ll help us to live our values.

At ASX Group, our diverse workforce is essential to build and maintain a fair and dynamic marketplace.

We support flexible working and offer hybrid working options.

We'll arrange for successful candidates to have background checks, including reference and police checks, completed as part of the on-boarding process.

To be considered for this position, candidates must be legally authorised to work in Australia on a permanent basis without any restrictions.

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