Associate -listed Futures & Options Brokerage

**Position Type**:
Full time
**Type Of Hire**:
Experienced (relevant combo of work and education)
**Education Desired**:
Master of Business Administration
**Travel Percentage**:
0%
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 Brokerage team is responsible for brokerage receivable and payable for the execution and clearing of Listed Derivatives.

From a BAU perspective, pre-settlement duties entail sending invoices, reconciling all received invoices and resolving rate and trade validity disputes, physical settlement of agreed amounts, nostro break management, and management of all output from electronic settlement platforms. Post-settlement, the team reconciles all excess accruals and presents to the business for follow-up actions.

From a project perspective, the team engages in various tactical and strategic process improvements and system architecture changes. The team also handles one-off requests for information from the business and co-ordinates any accrual setup changes requested by the business.

**What you will be doing**

Complete brokerage BAU responsibilities in a timely and accurate manner
- Ensure team’s monthly brokerage cycle tasks are completed within the internal and market timelines
- Invoices
- Finance reports
- Deliver on monthly SLA targets, striving to exceed where possible
- Analyze outstanding brokerage ageing profile and identify short/medium term targets to ensure adherence to SLAs
- Escalate and propose solutions regarding short and long term capacity concerns to FIS managers
- Work with utility management and other stakeholders to ensure that SLA breaches are closed out in a timely fashion
- Timely escalation of potential problem brokers to management

Change management
- 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
- Provide excellent 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
- Constantly analyse all activities to close potential risk gaps and implement preventative, and if not, then detective controls
- Ensure timely escalation in event of a risk incident
- Business/Industry landscape awareness

Keep abreast of all industry changes/advancements especially with regards to the development of industry tools and regulations

Understand business risks/impact and escalate to management where necessary

**What you bring**:
**Skills**

Minimum of 9+ years of work experience in Futures/Options Brokerage Receivables and Payables function.

Good understanding of GMI and

Comfortable using key industry platforms such as Docs, Atlantis, eRECS and GPS

Front to back understanding of the Brokerage function, upstream dependencies and how it impacts processes downstream, so that complex queries can be addressed accurately and in a timely manner

Detailed understanding of exchange traded derivatives (OTC and Futures/Options)

High attention to detail and quality of outputs delivered.

Manage multiple simultaneous deliveries to tight deadlines.

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 co ordinations skills.

Strong client service focus.

**Qualifications**

MBA Degree or equivalent

Competencies

Skill in project management, organization, communications and analytical

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 operate independently

Ability to exhibit solid decision-making and problem-solving skills

Ability to communicate effectively verbally and in writing

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 la