The Futures & Options and OTC Clearing team supports a global client base trading on 40+ global exchanges. It is a fast growing business focusing on growth through new client relationships and expanding marketing channels.
The Operations team partners with our Business and Technology counterparts to provide a seamless front to back flow for our clients so they have uninterrupted access to the markets and to their positions and activity so they can best manage risk.
Chester is the regional operations hub providing support for markets in EMEA region.F&O and OTC Clearing India Operations work closely with the regional and global counterparts to present a single global face to clients in the form of consolidated statements, reports, and technology.
The operations analyst is a key member of the F&O and OTC Clearing Team, supporting day to day clearing activities and other operational functions in the back office, in support of the customer and firm trades transacted on the Futures Exchanges based in United Kingdom and other European Exchanges.
This person must be fairly knowledgeable in F&O front to back systems flow and an ability to display an attention to details, and multi-tasking so as to manage daily time sensitive trade allocation process accurately to meet exchange closing and reporting requirements on the various European F&O Exchanges i.e. ICE EUROPE, EUREX, LIFFE, IDEM, MONEP, NASDAQ etc.
This person will assist and ensure all top-day reconciliation for that clearing day is always completed and all regulatory reporting done as per the exchange rules and requirements, at the same time attending to all the email and phone queries on trade execution and allocations.
The person will also be working closely with internal teams such as the Reconciliation & Control Team and the Client Services Representatives (CSR) Team to resolve suspense trades or position breaks and handle external clients enquiries that may result in the need to amend or transfer position between accounts internally or across brokers externally. It is the responsibility of the Operations Analyst from the F&O Clearing team to ensure that the Exchange and all internal and external clients position are always reflecting correctly on the statements the next day.
Apart from the daily clearing activities, this person will be expected to perform monthly and quarterly exercise and assignment settlement and delivery of expiring position in all the Futures and Option markets in the EMEA region.
There will be ad hoc requests or queries from management, traders and internal clients that will require an investigative and inquisitive mind to support and handle them professionally at the highest service level. This position will require a positive attitude and ability to work in a team environment.
The individual has to be self driven and has the ability to question status quo and initiate small change work improvements on any manual processes that he/she comes across.
Manage the Listed Futures & OTC Clearing OperationControls (Team Size 10 FTE)
Responsible for managing the integrity of day to day controls across 24 EMEA Exchanges cleared & processed by the Operation, liaison with impacted downstream process owners including : -
o Line of Business e.g operational capacity to facilitate client requests
o FCA/EMIR Transaction Reporting
o Client Money and other Control functions
o Exchanges and Industry Forums
Continuous Improvement of the Operating Environment with regards to STP
Partners Closely with Technology, Operations Strategy & Front Office to drive change
Works closely with other managers within Global Market Operations and Compliance to ensure consistent awareness of changing F&O and OTC Clearing Regulatory environment.
- Education*MBA/Bachelors Degree from an accredited college or university
- Certifications If AnyQCS certification from EUREX desirable.
- Experience Range*At least 10 to 12 years of relevant experience with an Investment Bank Operations, preferably in the Futures & Options clearing, trade processing and settlement team
- Mandatory skills*
Senior level Futures industry experience working for a FCM, Exchange, Clearing House or Regulator
Open for Night Shifts and flexible hours.
Demonstrates leadership excellence, having led an organization in the past delivering superior tangible / quantifiable results.
Exhibit the ability to switch between macro and micro operating principles in order to design, lead and adjust the control operating model as the need arises.
Understand and adapt to regulatory and industry change (with EMIR, Trans Reporting, Client Money, MiFID working knowledge)
Proven track record of achieving results optimizing resources and driving efficiencies.
Excellent communication, effective with subordinates, peers and senior management
Strength in identifying and implementing solutions for process improvement
Hire, manage and develop staff. Ensure excellent performance in their current role and rotation
Experience using Sungard GMI system
Experience with derivative clearing middleware systems, Global Seals, ClearVision, Prysm
BLACK TURTLE is a premier talent management consultancy firm. The Indian arm was established... in the year 2000. Since then the unit has grown manifold and is ranked among the Top 10 across various services and functions.
BLACK TURTLE offers a wide range of services spread across various industries and functions. These services range from executive recruitment to consultancy in devising HR policies to attract and retain the best talent. It includes servicing niche recruitment needs to RPO. We offer multiple solutions under one roof.
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