Job Description

Title: Exchange Traded Derivatives Analyst

Contract: 24 month contract to hire

Onsite 3x/week – Chicago, IL 60601

Pay: $48.43/hour

Required Qualifications:

• 5+ years of experience of Exchange Traded Derivatives Operations, with prior experience in either a clearing, or position lifecycle management team and knowledge of industry rules, regulations, and business practices
• Experience of using an Exchange Traded Derivatives clearing platform and / or Exchange GUIs.
• Experience with GMI platform would be desirable but not essential
• Strong communication, partnership and relationship building skills

Who we are:

Exchange Traded Derivatives, Collateral & Relationship Management (ECRMO) are responsible for the exchange of collateral to reduce counterparty credit risk and for the support of post-execution trade clearing and product lifecycle management. Our global team consists of a diverse pool of over 500 individuals spanning 16 cities across 7 countries. We provide front-to back support for a broad range of Clients (hedge funds, market makers, trading firms, advisers and investment banks), Global

ETD Operations supports:

• Execution, clearing and allocation of trades and position transfers to the highest quality standards
• Futures and Options position life cycle management including option exercise and assignments, physical deliveries, expirations, last trade date monitoring, long date reporting, open interest adjustments and regulator inquires
• Daily Reconciliations and exception resolution, maintaining the integrity of the sub ledger for Listed and OTC Futures and Options product
• Non-Financial Regulatory Reporting to Futures Exchanges and Regulators
• Ensuring compliance with regulatory and industry mandates across 15 Legal Entities
• Production of reports and information required to comply with regulatory requirements and internal control policies
• Researching and resolving problems within the line of business
• Day-to-day analysis, research, and resolution of varied problems

Role & Responsibilities of ETD Clearing Team:

• Processing client instructions, amendments, and corrections across the life cycle of a futures or option trade and position accurately and efficiently, with a strong attention to detail, and often to tight timeframes, delivering high quality output
• Work with Execution Desks and Client Services teams to answer client raised queries in a professional and timely manner
• Work within team to identify and implement risk reduction and operational process improvements and quick wins
• Identify and raise new ideas for process improvements, contributing to a pipeline of change across ETD, and prioritization for funding
• Work with team to develop and automate risk and performance metrics
• Participate in UAT testing and reporting on key change programs
• Provide subject matter expertise and ad hoc support to change book of work

Roles & Responsibilities of ETD Deliveries Team:

• Process option exercise and assignments, physical deliveries, expirations, last trade date monitoring, long date reporting, open interest adjustments
• Respond to regulator inquires as raised (in partnership with OR&C, GCOR and Regulatory Relations
• Assist with improving controls associated with lifecycle event processing.
• Assist with the development and automation of various metrics utilized for management reporting.
• Assist with various initiatives impacting the lifecycle event processing team.
• Work with different teams to standardize processes and streamline functions.
• Provide assistance to senior management with various initiatives and asks.

Compensation:

$48.43/hr.

Exact compensation may vary based on several factors, including skills, experience, and education.

Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law

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