Role details

Clearing, Futures/Options - ICE, CME, NYMEX, COMEX

New York   •  Permanent

Bullet points

  • Market Leading Independent Broker Dealer
  • Rapidly Expanding, Business Facing Clearing Team

About Our Client

Market Leading Independent Broker Dealer

Job Description

Process all customer and proprietary trades transacted on the US Futures exchanges i.e. CME Group (CME/CBOT/NYMEX), ICE US, ICE UK, ICE Canada, Montreal, MGE & CBOE.



Provide clearing support for our Futures cleared products by ensuring the timely clearance, acceptance and resolution of all trade issues. This requires an understanding of the underlying products and an ability to liaise with all areas of the business including sales, trading and middle office and clients to ensure issues are resolved in a timely manner.



Duties will include but not limited to the following functions:

  • Provide the best possible service to both our internal and external clients
  • Trade acceptance and clearance via Clearvision
  • Trade acceptance and clearance via Clearport
  • Trade allocations and average price processing
  • Trade corrections processing
  • Liaise with the Executions Desk, Sales team, Client Services, Finance and IT to resolve outstanding breaks
  • Cross-train on all functions performed within the team and across the department
  • Review the controls and procedures for the team and update as necessary
  • Partner with various divisions across the firm to streamline the Futures clearing process and create efficiencies
  • Ensure internal reporting provides necessary benchmarks for financial analysis (MIS reporting) Duties will include but not limited to the following functions:
  • Responsible for the daily run-the-bank funding and settlement functions while supporting US regional exchange trade derivatives (ETD) and global OTC Cleared Swaps.
  • Cash Management:
    • Futures & Cleared Swaps exchange clearing house margin settlements (morning and intraday)
    • Daily funding and balance management for all ETD & cleared swap related settlement accounts
    • Daily break management for all ETD & cleared swap related settlement accounts
    • Execute collateral investments as directed by the global Treasurer
    • Support global Treasurer in special request
  • Security Settlements and account management:
    • Receive and deliver of customer and firm collateral
    • Optimization of non-cash assets including cash/non-cash substitution with various exchange clearing houses
    • Asset servicing for non-cash assets
    • Daily Stock record reconciliation and break resolution
  • Daily, weekly, monthly MIS creation and reporting







Provide trade and financial control support for OTC cleared derivatives, reconcile the settlement accounts and provide strong customer service to our increasing client base. This requires an understanding of the underlying products and an ability to liaise with all areas of the business including sales, trading and middle office and clients to ensure issues are resolved in a timely manner.



Duties will include but not limited to the following functions:

  • Provide the best possible service to both our internal and external clients
  • Monitor counterparty exposure on OTC derivative products
  • Perform daily Firm/Client nostro reconciliation
  • Perform daily Exchange point balance and position reconciliations
  • Assist with the daily and monthly sub-ledger reconciliation and monthly account ownership process
  • Liaise with the Client, Desk, Sales team, Trade Support, Confirmations and other departments to resolve outstanding breaks
  • Contribute to the specification and testing of improvements to the margin system
  • Review the controls and procedures for the team and update as necessary
  • Cross-train on all functions performed within the team and across the department
  • Partner with various divisions across the firm to streamline the trade control process and create efficiencies
  • Verify that client statements adhere to changing regulatory requirements
  • Ensure internal reporting provides necessary benchmarks for financial analysis (MIS reporting)

The Successful Applicant

  • Bachelors Degree or equivalent industry experience
  • 3+ years Capital Markets experience
  • Prior Clearing Experience

What's on Offer

Comprehensive Compensation Package;

  • Competitive Base Salary
  • Discretionary Annual Bonus
  • Comprehensive Benefits Package

Apply for this job

Click the Apply or LinkedIn button below or contact Davide Rosso quoting job reference 1211734
As you are using an Apple iOS device we are unable to offer you the CV upload function. Please apply with your Linkedin profile below or contact Davide Rosso quoting job reference 1211734