Futures Clearing Consultant

job
  • Phyton Talent Advisors
Job Summary
Location
Chicago ,IL 60290
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
15 Jan 2025
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Job Description

Our Client, a Global Investment Bank, is seeking a Futures Clearing Consultant in their Chicago, IL location.


*Must be willing to work in shift 2am- 8am or 12pm - 8pm


Overview:

The Futures Division clears trades across 30 global exchanges and reconciles over 70 balance sheets. The Clearing team is responsible for managing all client and executing broker-cleared trades, ensuring accuracy, and maintaining operational efficiency. This role requires a strong, motivated individual to perform top-day clearing functions and support the broader operations team.


Key Responsibilities:

  • Ensure all trades are cleared, allocated, and booked correctly in client accounts on trade date.
  • Liaise with exchanges, carry brokers, and clients to address trade issues and exceptions.
  • Perform tasks such as:
  • Order ticket checking.
  • Expiring options monitoring.
  • Maintaining static data (e.g., contact setups in GMI and Middle Office system LISA).
  • Conduct position maintenance and closeouts on exchanges and carry brokers.
  • Handle internal and external position transfers.
  • Perform various checks, including offsets, top-day reconciliations (using DUCO), settlement prices, and more, prior to end-of-day processing.
  • Collaborate closely with Balancers, Client Service Group, and Deliveries team within Operations.
  • Respond promptly to queries from exchanges and regulators.
  • Maintain updated procedures, checklists, and contact information.
  • Work flexibly, including on U.S. holidays, on a rotational basis.


Qualifications/Skills:

  • 3+ years of experience in Futures & Options, with knowledge of GMI and LISA systems.
  • Understanding of various exchange clearing systems, such as ICE FEC, ECS, FEC+, OCC, EUREX, and EEX.
  • Proficiency in Microsoft Excel, Word, and Outlook.
  • Strong attention to detail, follow-through, and problem-solving abilities.
  • Dynamic and proactive team player with a focus on improving processes for capacity, efficiency, and control.
  • Self-starter with proven initiative and strong time management skills to meet critical deadlines.
  • Team-oriented individual with integrity and professionalism.
  • Effective verbal and written communication skills, including the ability to articulate issues and influence resolutions.
  • Growth mindset with the ability to adapt to changing priorities.


Education:

  • A degree is preferred, but relevant Futures & Options experience is most critical.
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