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Posted 8 months ago

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Digital Assets Consultants

LondonHybrid

AI Summary

We are looking for experienced Digital Assets Consultants, who are both a Collateral domain expert and Transformation specialist, to help on high-impact advisory and transformation engagements, partnering with leading financial institutions on some of the industry’s most exciting and innovative projects.

About this role

We are looking for experienced Digital Assets Consultants, who are both a Collateral domain expert and Transformation specialist, to help on high-impact advisory and transformation engagements, partnering with leading financial institutions on some of the industry’s most exciting and innovative projects. This is a unique opportunity to play a key role in solving complex challenges, driving change, and delivering tangible value for high-profile clients.

ROLE DESCRIPTION

Tonic is searching for Consultants, with deep collateral domain and transformation expertise. Key tasks are included below.

  • Digital collateral education

  • Key tokenised collateral use cases

  • Key market vendors

  • Industry benchmarking

  • Key challenges and solutions

  • Contribution to thought leadership pieces

  • Validation of collateral use cases, for new digital collateral service

  • Pros & cons per use case

  • Cost-benefit outcomes

  • Presentation to management

  • Target operating model design

  • Business requirement definition

  • Process breakdown

  • Functional requirements

  • Data requirements

  • Non-functional requirements

  • Detailed vendor analysis

  • Vendor demos and workshops

  • Vendor gap analysis, vs business requirements

  • Solution design validation

  • Business validation of IT solution design

  • Creation of high-quality artefacts throughout, to be shared with multiple divisions across the client, to capture and communicate key information for successful implementation:

  • Industry benchmarking

  • Scope matrix

  • Use case summary

  • Business process flows

  • Target operating model (IT, Data, Process, People, Governance)

DOMAIN EXPERIENCE - MUST-HAVE

  • Experience in designing in key DLT Cap Markets Use Cases:

  • E.g. Tokenised Collateral, Digital Cash, Digital Fund Issuance, Digital Securities Issuance, Crypto Custody

  • Strong end-to-end operational process knowledge of multiple collateral products, including:

  • Derivatives (OTC bilateral, OTC cleared, Listed derivatives)

  • Sec Finance (Securities Lending & Repo)

  • Strong end-to-end operational process knowledge, including best practice, across:

  • Inbound data

  • Margin call management

  • Dispute management

  • Substitutions

  • Inventory management

  • Rehypothecation

  • Settlement

  • Collateral optimization & analytics

  • Reconciliations

  • Client reporting

  • Strong experience of different collateral asset types, including operational and legal considerations (Bonds, Equities, MMFs etc.)

  • Deep knowledge of traditional collateral operating models, including:

  • Bilateral model

  • Triparty model

  • Cleared model

TRANSFORMATION EXPERIENCE

  • >10 years experience as a Business Analyst/Product Owner

  • Experience of core Business Analyst/Product Owner tasks, including:

  • Detailed analysis and presentation of findings

  • Definition of business requirements across multiple streams

  • Functional, data, non-functional

  • Agile - Epics, user stories, acceptance criteria

  • Assessing and selecting new technology vendor solutions

  • Functional solution review and validation

  • Target operating model design, across:

  • Process

  • Technology

  • Data

  • People

  • Governance

  • Controls

  • Other

  • Confident and strong communicator, with all levels and types of stakeholders

  • Ability to create high-quality transformation artefacts, as outlined above in the Role Description

  • Business-focused, but able to work with technology, data, risk and legal teams

  • Strong Microsoft Office application skills (Excel, Word, Powerpoint)

DESIRABLE EXPERIENCE & SKILLS

  • Previous experience working for a financial services consultancy

  • Experience in multiple transformation methodologies (Agile etc.)

  • Collateral experience within both sell-side and buy-side firms

  • Direct experience of DLT collateral operating models

  • Understanding of custody operating models, including:

  • Custody account structures, plus legal treatments of assets

  • Books and records

  • Strong knowledge of trading functions, including derivatives and securities finance

Use the form below to register your interest, or reach out via to our Talent Lead harry.allen@thetonicconsultancy to submit your CV.

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