Middle Office Manager

Found in: Talent IN C2 - 2 weeks ago


Mumbai, India Optiver Full time

WHO WE ARE

Optiver is a global tech-driven trading firm, with offices in Amsterdam, Sydney, London, Singapore, Shanghai, Hong Kong, Taipei, Chicago and Austin. Founded in 1986, today we are a leading liquidity provider, with close to 2,000 employees in offices around the world, united in our commitment to improve the market through competitive pricing, execution and risk management. By providing liquidity on multiple exchanges across the world in various financial instruments we participate in the safeguarding of healthy and efficient markets. We provide liquidity to financial markets using our own capital, at our own risk, trading a wide range of products: listed derivatives, cash equities, ETFs, bonds and foreign currencies.

In Asia Pacific, Optiver was one of the first global market makers to establish a presence in the region, with the incorporation Optiver's APAC head office in Sydney in 1996. Since then, we have expanded our footprint by establishing offices in Taipei (2005), Hong Kong (2007), Shanghai (2012) and Singapore (2021).The business in Mumbai is newly created and deemed to be an integral part of the APAC strategy over the coming years, with anticipation of significant growth.

WHAT YOU'LL DO

Middle Office is an independent control department that ensures the integrity of trading positions and accuracy of P&L reporting. This role will lead and execute middle office functions in India and be part of collaborative team responsible for validating positions, valuations, P&L reporting, and managing settlement functions daily. 

Middle Office function requires a strong understanding of financial instruments including their settlement and clearing processes, trading strategies as well as accounting concepts. Middle Office works closely with Risk, Finance, Trading, and IT developers, and supports ad hoc projects and new business initiatives. The essence of this role requires:

Setting up Optiver India’s Middle Office function to support business activities in Equity Derivatives, Currency Derivatives, Equity Cash Segments (and subsequently for Commodities Derivatives segment) Execution, reporting and explaining of daily P&L in-line with Product Control policy Validation and ownership of the trading balance sheet and positions in-line with Product Control policy Ensuring Trades and Trade positions are correctly reconciled against Clearers and investigation and remedy of breaks, if any Monthly P&L accounting close in GL system Working on projects with IT team for reconciliation system development and procedure improvement to enhance team’s work efficiency and effectiveness Responsible for setup of controls for new business initiatives, ongoing maintenance, and development and improvement thereafter as required Supporting trading team with ad hoc requests and financial analysis Establishing & managing processes for day-to-day settlement activities i.e., settlement of funds/securities with clearing member / stock exchanges / clearing corporation Establishing & managing processes for Regulatory reporting and Co-ordinating periodic regulatory audits Co-ordinating yearly statutory audits (including ICFR audits) to demonstrate existence and effectiveness of key controls in trade life cycle

WHO YOU ARE

12+ years of experience in managing Middle Office, Product control or similar function with reputed trading firm, bank, or investment bank Excellent written and verbal communication skills with the ability to communicate in a clear and concise manner Ability to handle data efficiently (excellent Excel skills; experience of VBA, Python, SQL would be a plus) An understanding of financial markets, derivative products, control function and accounting concepts A pro-active, results-driven attitude Bachelor’s degree in finance / commerce; CA, MBA or other equivalent qualification Experience in managing small teams to meet deliverables in a high performing environment Strong attention to details with experience in operational activities

WHAT YOU'LL GET

The chance to work alongside diverse, intelligent, and driven peers in a rewarding environment Competitive remuneration, including an attractive bonus structure Training, mentorship and personal development opportunities Competitive benefits

As an intentionally flat organization, we believe that great ideas and impact can come from everyone. We are passionate about empowering individuals and creating diverse teams that thrive. Every person at Optiver should feel included, valued and respected, because we believe our best work is done together.

Our commitment to diversity and inclusion is hardwired through every stage of our hiring process. We encourage applications from candidates from any and all backgrounds, and we welcome requests for reasonable adjustments during the process to ensure that you can best demonstrate your abilities.

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