Global Market Operations VP – Margin / Middle Office Settlements

Role: Global Market Operations VP – Margin / Middle Office Settlements

Location: Glasgow, Hybrid, 4 days per week on site, 1 day working from home

Start Date: ASAP, until end of Jan 2027 initially, potential to go perm

Daily Rate: Competitive, Inside IR35

Payroll provider – Rockford Payroll Info for Contingent Workers – Rockford Pay

Main Duties and Responsibilities

· Own and oversee delivery of CMVS (Collateral, Margin & Valuations Services) processes across margin calculation, reconciliation, and collateral settlement, ensuring outputs are complete, accurate, and controlled.

· Provide oversight of controls within core margin platform, ensuring issues are identified, assessed, and appropriately actioned.

· Review and challenge exceptions, breaks, and disputes, ensuring appropriate resolution strategies and escalation where required.

· Act as primary escalation point for complex issues, coordinating across eg. Business, Risk, and

· Technology to drive resolution.

· Maintain accountability for control execution within the function, including ensuring controls are appropriately designed, embedded, and evidenced.

· Lead and deliver process improvement and control enhancement initiatives, including automation, standardisation, and reduction in manual intervention.

· Drive delivery of strategic change programmes, translating business requirements into implementable solutions.

· Provide oversight of MI and reporting, ensuring themes, risks, and trends are clearly articulated and e escalated to senior stakeholders.

· Engage with Audit, Operational Risk, and Control functions, providing clear articulation of process design, control operation, and remediation activity.

· Support resource planning, prioritisation, and oversight of junior team members to ensure consistent delivery against BAU and change objectives.

Basic Qualifications:

· Strong experience in collateral management / margin operations, with demonstrated understanding of end-to-end margin lifecycle and associated risks.

· Proven ability to oversee and challenge operational processes, controls, and outputs in a complex environment.

· Experience in managing or leading process improvement and change initiatives, including control uplift and automation.

· Strong understanding of control frameworks and governance expectations, including audit and risk interaction.

· Margin experience ideally or general middle office experience with settlements

· Ability to assess and articulate operational risk, control effectiveness (in terms of execution), and required remediation actions.

· Advanced analytical capability, with ability to interpret complex data and identify root causes and themes.

· Strong stakeholder management skills, with experience engaging senior business, risk, and technology partners.

· Demonstrated ability to prioritise across BAU delivery and change activity while maintaining control discipline

· Change / BA and / or project management experience within a Mkts Ops setting would also be considered

Preferred Qualifications:

· Strong knowledge of control architecture (input, calculation, movement, output) within core margin platforms

· Experience leading control uplift, transformation, or strategic programmes

· Ability to leverage data, analytics, and emerging AI tooling to enhance control visibility, MI, and process efficiency.

· Track record of engagement with stakeholders and governance forums, including ownership of remediation outcomes.