Job Function Summary
The Operations Specialist role will support trading activity of portfolio managers trading listed Futures and Options on Futures. The role will primarily focus on clearing & reconciliation, with primary responsibilities targeted towards US exchange (CME/CBT) trade clearance, trade booking, and lifecycle/event management of futures/future option trades and positions. The candidate should have subject matter expertise in the intricacies of futures clearing, exchange clearing systems, the management of lifecycle events related to futures/options on futures for US (CME/CBT) exchanges, and management/booking of EFRP & Block trades at the exchange. The candidate should be open to working during off-hour shifts. Some late nights and weekends are required.
Principal Responsibilities
- Oversee trade clearance of futures/options on futures on US Exchanges; with primary focus on CME/CBT markets
- Liaise with Executing Brokers and clearing firms for break resolution on T0/T1. Resolve out-trades and breaks with opposing firms. Default and suspense trade management of trades and positions
- Set-up/maintenance of accounts, EB, & counterparty static in internal/external trading & clearing systems. Ensure proper controls are in place to effectively manage trading and clearing risk
- Manage EFRP & Block trade submission, booking, and settlement at the exchange. Ensure trades are properly booked in internal/external systems and follow all exchange/regulatory requirements
- Manage lifecycle events for the firm’s futures positions. Notify PMs of early/contra option assignments & ensure positions are properly reflected in internal booking systems for these events
- Coordinate amongst various internal and external stakeholders, to efficiently and effectively maintain controls, mitigate risk, and resolve trade/position related issues
- Participate in ad-hoc projects/initiatives and work with colleagues across the firm to implement process changes/improvements
- Establish working relationships with trading teams in order to answer daily queries in a prompt and controlled manner
Qualifications/Skills Required
- Minimum 10+ years of relevant experience in Financial Services
- Experience in Clearing Operations at a Broker/Dealer and/or FCM
- Knowledge for Futures back-office clearing systems is a must. GMI/FIS CD/Clearvision/CME Clearport/CME Direct/Front-End Clearing (FEC)/OCR
- Strong working knowledge of Microsoft Excel/Office. Comfortable using Macros/Pivot & working with large data sets
- Strong communication and interpersonal skills
- Ability to implement and maintain new processes, procedures, and controls
- Fast learner with the ability to multi-task and work under pressure to meet strict deadlines
- Ability to work independently, with a strong attention to detail and ownership
