Operations Specialist (Brokerage)
Principal Responsibilities
Effective communicator, with the ability to highlight, document and effect change of manual processes
Coordinate amongst various internal and external stakeholders, to efficiently and effectively maintain controls, mitigate risk, and resolve brokerage/fee related issues
Futures/Options on Futures Execution brokerage reconciliation and management; ideally on NAM Exchanges (Chicago Board of Trade/Chicago Mercantile Exchange)
Management of eDocs Execution agreements, eRecs, eGains, BPS/GPS, and Atlantis reconciliation/billing systems
Liaising with internal and external counterparties, to ensure timely settlement and clearance of brokerage related payments.
Ensure static set-ups are complete, brokerage payments are reconciled and processed on a timely basis, GUA agreements are executed across counterparties/executing brokers, and fee reconciliations are managed with the exchange
Initiate payments of brokerage to counterparties; ensuring controls are in place to manage SSIs and documentation requirements ahead of any payments being processed
Participate in ad-hoc projects/initiatives and work with colleagues across the firm to implement process changes/improvements
Qualifications:
Knowledge of Futures back-office clearing systems is a must: GMI/ION/Atlantis/eRecs/eDocs/eGains/BPS/GPS
Experience in Brokerage Operations at either a Broker/Dealer, Introducing Broker, Futures Clearing Merchant (FCM), large bank
Strong working knowledge of Microsoft Excel/Office. Comfortable using Macros/Pivots & working with large data sets quickly and efficiently
Strong communication and interpersonal skills
Ability to implement and maintain new processes, procedures, and controls
Fast learner with the ability to multi-task and work under pressure to meet strict deadlines