Futures Clearing - Operations (Finance)
Futures Division clears 30 Exchange globally and reconciles over 70+ balancing sheets. Clearing team is responsible for managing all clients and executing brokers cleared trades and requires a strong and motivated Director with in-depth understanding and a subject matter expert on Clearing processes.
Responsibilities:
- Ensure all trades are cleared, allocated and booked correctly in client account on trade date
- Liaise with Exchanges, carry broker s and clients on trade issues & ensure prompt resolution
- Master firms' back-office systems and middleware viz GMI, LISA, DUCO , RPA etc.
- Assist Clearing manager to lead and manage projects, drive automation and streamline Clearing processes including new business initiatives on top of daily operational activities
- Provide guidance and assistance to team members and help them resolve issues which require clear and in depth understanding of the process
- Keeps abreast of the latest industry and regulatory developments including p romp t replies to Exchange , R egulators and Auditors.
- Work closely with Operations team & other Departments viz Front Office, Compliance, Risk etc.
- Cover 12 - 8 pm shift to ensure seamless end of day processing
- Flexible to work on US Holiday on rotational basis
Qualifications/Skills
- 5-8 years of relevant experience including working knowledge of GMI , LISA & DUCO
- Firm understanding of Futures & Options trade life cycle and expertise in break resolution
- Well-developed management skills and relevant experience managing operational functions
- Proficiency in Excel, Word , and Outlook
- Excellent follow-through and attention to detail.
- Dynamic & proactive team player with the ability to identify process inefficiencies to improve capacity , efficiency, and control.
- Self-starter with a proven ability to take initiative.
- Team-oriented with strong integrity and professionalism.
- Proper escalation of issues.
- Strong time management skills are required to meet time critical deadlines and priorities.
- Effective verbal and written communication skills; notably the ability to clearly articulate issues and influence resolut ion.
- Have a growth mindset
The expected base salary ranges from $145,000- $175,000 Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
