Digital Assets Consultants

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

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