The candidate would be Part of Derivative Execution and clearing team, working along with the DEC Market Fees Reconciliation and Brokerage team.The role would concentrate To clear and allocate exchange traded derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.
The role requires a high level of attention to detail, to ensure BNPP SAs external end client fees are validated and any required corrections or amendments are processed accurately and according to procedure. The candidate would be working with large volumes of trade data so should be comfortable using Excel to summarize, as well as to drill down and independently investigate any discrepancies that may arise.
Work effectively with team members to accomplish common goals. Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.
Undertake a variety of financial and non-financial tasks in order to help guarantee the companys revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.
Responsibilities
Direct communication with CTFC regulators, compliance teams, auditors, FCM community, and global business partners
Client on boarding and pre trade support
Post trade execution clearing and allocation processing
Key risk indicator and statistical capture, recording, and analysis of operational process and staff performance
Trade reconciliations utilizing middleware and industry software
Internal coordination with various departments during client on boarding
Client and business inquiry research, investigation, and issue resolution
Work with global risk teams on limit queries and trade support
Lead and assist large scale projects to implement processes that comply with necessary changes, growth, and or new regulations and rules
Account set-up review and implementation utilizing various operational systems
Sales and marketing assistance in developing and presenting business offering
Demonstrates a highly competent working knowledge of FCM operations involvement in the life cycle of execution and clearing activities
Informational and instructional presentations
New product and market on-boarding including identification of requirements
Regulatory exam and audit coordination
Ensure ample familiarity with our escalation procedures and raises issues to the appropriate contacts in a timely manner to ensure all are aware of potential risk while taking ownership of the issue and sees through to resolution
Control monitoring
Reviews processes and provides feedback for enhancement with additional responsibility for managing the enhancement for operations and seeing through to completion
Minimum Required Qualifications
Bachelor degree
Supervisor - experience with exchange listed products, OTC Cleared derivatives, or capital markets trading, operations, execution, clearing, or trade process
Staff - 5 or plus years of experience with exchange listed products, OTC Cleared derivatives, or capital markets trading, operations, execution, clearing, or trade process
Experience managing and operational processes
Experience interacting with exam teams and regulators
Experience interacting with clients and various lines of business
Working knowledge of FCM Clearing setups CCP mappings, exchange reporting suite
Understanding of exchange listed derivatives trading and clearing workflows and related controls to alleviate regulatory risk
US exchange product knowledge of trade life cycle
Microsoft Excel (Vlookup, Pivot tables, formals, etc.), Outlook and Power Point
Preferred Qualifications:
Experience in specifics around on-boarding new clients
5+ years of experience in clearing listed derivative products on multiple CCPs
5+ years of experience in FCM Clearing operations
Experience giving live demonstrations presenting to small and large audiences
Experience interacting with clients and various lines of business seeking solutions for enhancing client experience
Experience in global markets operational systems
Experience working with global lines of business to build and maintain partnerships
