Associate Level 1- DEC Clearing-US Trade Support

Position Purpose

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 - 2 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
• 2+years of experience in clearing listed derivative products on multiple CCPs
• 2+ 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
• Microsoft suite knowledge