President - Nasdaq Clearing

President - Nasdaq Clearing


Nasdaq is continuously revolutionizing markets and undergoing transformations while we embrace new technologies to develop innovative solutions, constantly aiming to rewrite tomorrow. We set the pace for rethinking capital markets and economies anywhere and everywhere. Hence, we are looking for our new President of Nasdaq Clearing (CCP) to deliver services for capital-efficient management of risk, that empowers businesses and investors to succeed while safeguarding the financial stability in the markets we operate. If you want to work in a dynamic and fast-paced environment together with our hardworking people, this is the place for you!


Nasdaqs CCP has a unique offering of clearing services across multiple asset classes, primarily in Nordic derivatives, available to international and regional members and investors.Our clearing model includes risk management to the highest standards, a wide collateral list, integrated clearing of exchange-traded instruments as well as an OTC offering in multiple currencies. Nasdaq Clearings strategic plan is to build a preeminent European CCP by focusing on the core business, seizing opportunities through diversification across the value chain, and being a motivator for economic growth built on a foundation of technology, innovation, and sustainability. The CCP will continue to extend its business across the European landscape with a firm anchoring in the Nordic markets.


Your role and responsibilities


As the President of Nasdaq CCP, you will play a critical role to drive and develop the business in a highly regulated environment. You will be responsible for an organization of 50+ team members and be part of Bjorn Sibberns, EVP of European Markets, business unit. You and your team are responsible for running Nasdaqs derivatives CCP in the Nordics. The teams that will report into your organization will be Clearing Operations, First Line Risk Management, Product Management, COO Office, among others.


The organization is characterized as a team with extensive expertise within the Clearing area with broad and vast proficiencies, skills, and experiences, which requires a strategic and supportive leader. In addition, the role requires solid and robust leadership, focusing on Risk Management and Compliance, but also, the ability, energy, and the initiative to drive business development and innovation. It is also crucial to collaborate with other business units and our Clearing members to be successful in this role.


You will be part of the European Markets Management Group, working closely with the Exchange and support their business initiatives, and other relevant forums. Here, you will have a significant impact on our journey to rewrite tomorrow where we use our expertise, integrity and resiliency as foundations to help us drive and innovate the business forward. You will step into an exciting phase of our journey where we are expecting you to demonstrate the extended resilience and robustness we have in the organization. Our strong capabilities and expertise, alongside our policies, and structure are all strong fundaments to drive and innovate the business forward, which we envisage you to continue to lead.


Your role will include responsibilities, such as:


Lead Nasdaq CCP's operations and, subject to supervision by the Board of Directors, lead an organization, which is appropriate for the operations


Supervise the companys stakeholders, whether directly or indirectly


Handle the day-to-day administration and take vital measures for the maintenance of operations. In such context, the President will supervise the operations in the respective companies within Nasdaq Clearing and provide instructions for the management of such companies


Ensure the regular financial reporting to the Board of Directors


Lead, together with the Chief Compliance Officer, the relationship towards regulatory authorities, mainly the Swedish FSA and Swedish Central Bank


What you will bring:


Passion, backed by leadership- and management experience in driving Clearing and Risk efficiency through navigating a complex regulated environment, championing organizational understanding and prioritization, and an ability to steer several initiatives and projects simultaneously


Experience from the Financial Industry, with a deep understanding of Clearing, Risk Management, and regulatory expectations


A strong inner drive to continuously modernize, implement and evangelize to drive innovation with an ambition to grow the business


Excellent leadership, integrity, communication, and organizational skills as you will build global relationships with executives, leaders, and engineers across geographies, time zones, and cultures


University degree in Economics or related field


At least 5 years of leadership experience


It would be great if you have:


Fluency in Swedish and English


Experience within Operations and/or IT and Tech


Does this sound like you?


This is a full-time position located in Stockholm, Sweden. Please submit your application in English no later than September 17, 2021. We are envisioning filling this position by the end of 2021 but will be flexible for the right candidate. We will only process applications coming through our applications system, as we are handling all personal information confidentially. Thanks for your understanding. For questions, please contact Emma Vikingsdotter, emma.vikingsdotter@nasdaq.com.


Come as You Are


Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.


We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.


Apply online: http://nasdaqinc.contacthr.com/90617742