Back Office - Listed Derivatives, Clearing, Reconciliations - APAC/EMEA
FIS · Ind Mumb Fl3
Clearing and Trade life cycle Mgmt (Analyst, Senior Analyst)
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Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.
About the team
The primary function of the role will be to perform and ensure timely trade clearing as per exchange deadline and accuracy in lifecycle event processing as per the agreed SLA’s.
This job role requires key attention to detail, good understanding of Top day Clearing function, Listed Derivatives product understanding, Lifecycle events on Futures and Options, CCPs break investigation and provide resolutions in a timely manner.
What you will be doing
- Manage the delivery of the daily Clearing activities as per the Service Level Agreements (SLAs)
- Ensure top day trade clearing and trade allocations for global exchanges are performed within the exchange deadlines.
- Lifecycle event processing like Expiries, Average pricing, corporate action.
- Ensure daily regulatory reporting are submitted on timely basis to exchange and any breaks are resolved prior to submission.
- Lead and participate in projects with regards to systemic upgrades, regulatory change, client mandated change.
- Identify, resolve and escalate issues in a timely manner to meet the required service standards
- Change Management/process improvements
- Proactively identify areas for performance and control improvements
- Constantly analyze productivity/output to identify potential enhancements or cost savings
- Articulate business cases to management/change/IT to execute and deliver on suggested improvements
- Guide/encourage team to propose solutions and take ownership of changes
- Client Service
- Build strong relationships with all stakeholders (retained team/management/business)
- Co-ordinate timely response and resolution of all queries
- Ensure accuracy and clarity in all deliverables to stakeholders
- Provide constant feedback to stakeholders to improve our service offering
- Provide an effective link between industry platform providers and the participant firm in terms of knowledge transfer and decision making
- Risk Management
- Monitor controls and checks associated with tasks in SOPs. Document these change in timely manner.
- Constantly analyze all activities to close potential risks, gaps and implement preventative/detective controls
- Ensure timely escalations in the event of a risk incident or whenever management attention is needed on a potential issue
- Business/Industry landscape awareness
- Keep abreast of all industry changes/advancements especially with regards to the development of industry tools and regulations
- Awareness and communication of impact to utility management – generate action plans to develop positive outcomes/mitigate negative outcomes from changes
- Understand business risks/impact and escalate to management where necessary
What you bring:
- Minimum of 3 -10+ years of work experience in Futures and Options trade clearing function.
- Good understanding of street wide system like GMI.
- Good knowledge of Clearing Houses like ASX, LCH, EUREX, ICE Clear, CME, HKEX, SGX etc.
- Front to back understanding of the Clearing function, upstream dependencies and how it impacts processes downstream around reconciliation, margin and brokerage, so that complex queries can be addressed accurately and in a timely manner
- Detailed understanding of exchange traded derivatives (Futures & Option and OTC products)
- High attention to detail and quality of outputs delivered
- Analytical and can solve problems quickly and innovatively
- Dynamic outlook, with the ability to adapt and change plans on the fly
- Delivery focused; results driven
- Excellent communication and time management
- Strong client service focus.
Qualifications
- MBA Degree or equivalent
Competencies
- Skill in project management, organization, communications, analytical and people skills
- Skill in leading, supervising and managing effectively under pressure
- Ability to be comfortable interacting and maintain positive working relationship with other stakeholders
- Ability to analyze business needs and determine related information services support
- Ability to manage activities and problem areas
- Ability to delegate tasks to qualified subordinates as appropriate
- Ability to lead, direct and manage effectively
- Ability to operate independently
- Ability to exhibit solid decision-making and problem-solving skills
- Ability to communicate effectively verbally and in writing
- Ability to build strategic roadmap for the function and further expansion of scope of functions
- Ability to contribute towards budget saving automation ideas
- Ability to meet conflicting priorities by ensuring effective prioritization and meeting the business demands.
Added bonus if you have:
- Experience dealing with large financial services clients.
- Experience in Front Office Execution desk processes for ETD & OTC Derivatives
- Experience in Position & Cash Reconciliation for ETD & OTC Derivatives
- Knowledge of Front to Back Trade & Cash Settlement flows
What we offer you
- A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities
- A broad range of professional education and personal development possibilities – FIS is your final career step!
- A competitive salary and benefits
- A variety of career development tools, resources and opportunities
Privacy Statement
Sourcing Model
Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.
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