Clearing, Futures & Listed Derivatives - ICE, CME, NYMEX, COMEX

  • Negotiable
  • Manhattan, NY, USA
  • Festanstellung, Vollzeit
  • Michael Page International - US
  • 17 Jan 17

Market Leading Independent Broker Dealer is seeking a driven candidate to join a Rapidly Expanding, Business Facing, Listed Derivative, Clearing Team.

Market Leading Independent Broker Dealer

Description

Process all customer and proprietary trades transacted on the US Futures exchanges i.e. CME Group (CME/CBOT/NYMEX), ICE US, ICE UK, ICE Canada, Montreal, MGE & CBOE.

Provide clearing support for our Futures cleared products by ensuring the timely clearance, acceptance and resolution of all trade issues. This requires an understanding of the underlying products and an ability to liaise with all areas of the business including sales, trading and middle office and clients to ensure issues are resolved in a timely manner.

Duties will include but not limited to the following functions:

  • Provide the best possible service to both our internal and external clients
  • Trade acceptance and clearance via Clearvision
  • Trade acceptance and clearance via Clearport
  • Trade allocations and average price processing
  • Trade corrections processing
  • Liaise with the Executions Desk, Sales team, Client Services, Finance and IT to resolve outstanding breaks
  • Cross-train on all functions performed within the team and across the department
  • Review the controls and procedures for the team and update as necessary
  • Partner with various divisions across the firm to streamline the Futures clearing process and create efficiencies
  • Ensure internal reporting provides necessary benchmarks for financial analysis (MIS reporting) Duties will include but not limited to the following functions:
  • Responsible for the daily run-the-bank funding and settlement functions while supporting US regional exchange trade derivatives (ETD).
  • Cash Management:
    • Futures & Cleared Swaps exchange clearing house margin settlements (morning and intraday)
    • Daily funding and balance management for all ETD & cleared swap related settlement accounts
    • Daily break management for all ETD & cleared swap related settlement accounts
    • Execute collateral investments as directed by the global Treasurer
    • Support global Treasurer in special request
  • Security Settlements and account management:
    • Receive and deliver of customer and firm collateral
    • Optimization of non-cash assets including cash/non-cash substitution with various exchange clearing houses
    • Asset servicing for non-cash assets
    • Daily Stock record reconciliation and break resolution
  • Daily, weekly, monthly MIS creation and reporting

Profile

  • Bachelors Degree or equivalent industry experience
  • 3+ years Capital Markets experience
  • Prior Clearing Experience

Job Offer

Comprehensive Compensation Package;

  • Competitive Base Salary
  • Discretionary Annual Bonus
  • Comprehensive Benefits Package