US LD Operations – Back Office Operations Associate at Axelon Services Corporation
Chicago, IL
About the Job
This job will be hybrid once new hire understands role & responsibilities
Top Needs
1. Listed Derivatives Background
2. Listed Expirations on CME, CBT, NYMEX, Comex, OCC 3.
Can work afternoons/evenings without issue...noon till end of day, overtime will be mandatory if exchanges are having issues
Chicago Investment Banking Operation opportunity for Securities Inc. The Chicago Operations team is responsible for processing of all North & South American Futures exchanges as well as clearing trades for US domiciled clients on most major foreign exchanges. The position to be filled is for Clearing Operations, which are responsible for the following tasks:
As a primary responsibility will manage, review / communications for of all US Futures Exchange Option Expiry & Delivery processing requirements, including review of in / out of the money positions, Exercise / Assignment / Abandonment Notifications.
Manage all End of Day processes between DB systems, third party vendors, regulatory reporting agencies, and exchanges - including but not limited to statement generation, open position reporting, and expiry & delivery notifications.
Monitor all incoming Foreign Market trades for US domiciled clients to ensure accurate position reporting
Research and resolve issues and inquires regarding exchange or bank regulatory rules, requirements, functionality, etc.
Liaise with clients, client service, trade support, trading desks, balancers, and outside firms in a timely manner to efficiently process top day trading to resolve any outstanding issues impacting position reporting for LTD & FND (Last Trade Date & First Notice Day)
Work with Compliance on internal department audits as well as provide documentation in relation to any enquiry requested by Regulatory, Financial, or Exchange personnel
Review Daily Checklist to ensure all daily tasks & requirements have been successfully completed within the designated timeline
Ad hoc reports / requests to be supported as needed
Thorough knowledge of CME Group & ICE-US functional applications & systems; including regulations, clearing, expiration, & delivery reporting processes
Familiarity with MGE, BM&F, EUREX, ME, & other foreign markets is a positive.
Good working knowledge and experience with GMI / FIS and Clearvision applications
Should also be able to investigate process automation & improvements, while being able to document work-flows and procedural changes & amendments as necessary, both from exchange requirements or automation improvements.
Ideal candidate should have 3-5 years of futures industry operations experience
Must be detailed-oriented, able to work under strict deadlines
Proactive in solving problems and conducting root cause analysis
Strong verbal & written communication & management skills
Expert MS Office Suite knowledge (Word, Excel, Access, Visio)
Strong technological abilities and the capacity to quickly learn proprietary software
Top Needs
1. Listed Derivatives Background
2. Listed Expirations on CME, CBT, NYMEX, Comex, OCC 3.
Can work afternoons/evenings without issue...noon till end of day, overtime will be mandatory if exchanges are having issues
Chicago Investment Banking Operation opportunity for Securities Inc. The Chicago Operations team is responsible for processing of all North & South American Futures exchanges as well as clearing trades for US domiciled clients on most major foreign exchanges. The position to be filled is for Clearing Operations, which are responsible for the following tasks:
As a primary responsibility will manage, review / communications for of all US Futures Exchange Option Expiry & Delivery processing requirements, including review of in / out of the money positions, Exercise / Assignment / Abandonment Notifications.
Manage all End of Day processes between DB systems, third party vendors, regulatory reporting agencies, and exchanges - including but not limited to statement generation, open position reporting, and expiry & delivery notifications.
Monitor all incoming Foreign Market trades for US domiciled clients to ensure accurate position reporting
Research and resolve issues and inquires regarding exchange or bank regulatory rules, requirements, functionality, etc.
Liaise with clients, client service, trade support, trading desks, balancers, and outside firms in a timely manner to efficiently process top day trading to resolve any outstanding issues impacting position reporting for LTD & FND (Last Trade Date & First Notice Day)
Work with Compliance on internal department audits as well as provide documentation in relation to any enquiry requested by Regulatory, Financial, or Exchange personnel
Review Daily Checklist to ensure all daily tasks & requirements have been successfully completed within the designated timeline
Ad hoc reports / requests to be supported as needed
Thorough knowledge of CME Group & ICE-US functional applications & systems; including regulations, clearing, expiration, & delivery reporting processes
Familiarity with MGE, BM&F, EUREX, ME, & other foreign markets is a positive.
Good working knowledge and experience with GMI / FIS and Clearvision applications
Should also be able to investigate process automation & improvements, while being able to document work-flows and procedural changes & amendments as necessary, both from exchange requirements or automation improvements.
Ideal candidate should have 3-5 years of futures industry operations experience
Must be detailed-oriented, able to work under strict deadlines
Proactive in solving problems and conducting root cause analysis
Strong verbal & written communication & management skills
Expert MS Office Suite knowledge (Word, Excel, Access, Visio)
Strong technological abilities and the capacity to quickly learn proprietary software