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Form of workCMC Markets are hiring a skilled Derivatives specialist with a proven background working in ETD Operations. Covering a both Exchange Traded Options and Global Futures, plus CMC OTC Options product. F&O Operations require a motivated individual to perform key control functions and liaise with our clients regarding all of their Operational requirements. Partnering with our execution desks, clearing teams and other internal support areas, the primary responsibilities are relationship management, query management and full adherence to regulatory commitments. This is a dynamic and challenging environment working to give excellent Client Service.
Key Individual Responsibilities:
- Be responsible for the daily BAU End to End Exchange Traded Derivatives business, ensuring all trades, positions and cash are reconciled within a timely manner and ensure all broker and client margin calls are settled and booked.
- Assist New Business regarding the account set-up requirements on ETD Trading Platforms.
- Responsible for all UAT of new initiatives in F&O Program of work
- Assisting in the on-going development and build out of F&O Product globally from an operations perspective, ensuring operational efficiency and drive towards Operational Excellence.
- Pro-actively work with our Clearers and Front Office teams to during expiry and first notice periods to mitigate and manage risk with effective communication across teams to ascertain client intentions.
- Act as the primary conduit between our Front Office, Clearers and Vendors when resolving client trade breaks.
- Help develop the department KPI’s and KRI’s with relevant metrics. Ensure all KPI’s and KRI’s are adhered to, and relevant metrics are available to show how the department is performing.
- Be commercially aware and work in conjunction with the business, to deliver financial and business performance.
- Actively manage risk associated with Operations in accordance with the firm’s compliance and risk policies and procedures.
- Work with our clearers to ensure service levels are maintained.
- Manage the adherence to the SLA with our back-office supplier and lead the company monthly/quarterly SLA review meetings with the vendor services the firm provides to our clients.
KEY SKILLS AND EXPERIENCE
- Experience in a broker dealer environment with a deep knowledge of Exchange Traded Derivatives and the trade lifecycle, including delivery and expiry experience.
- An understanding of the CASS rules and how they are applied to Exchange Traded Derivative.
- An understanding and experience of transaction reporting (MIFID and EMIR) from both a client and delegated perspective.
- Vendor management experience (both back office and front office relationships).
- The ability to form relationships and act a trusted partner is essential for this role, as well as providing visible leadership.
- Good people management skills and the ability to work in a fast-paced business.
- Capable of building relationships of trust with the desk and risk and control functions.
- Strong commercial awareness.
- Calm and balanced during challenging times - able to direct the team to complete objectives whilst communicating with confidence to stakeholders e.g. during incidents/outages or large-scale mandatory change.
- Previous experience and detailed knowledge in nuances of Global Exchanges (e.g. LME)
- Proven experience of working on and delivering strategic change projects.
- Knowledge of Front-End Applications such as CQG, TT, WebICE, CMEdirect.
CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.
