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.