Clearing Analyst - Mitchell Martin
Chicago, IL
About the Job
Our client, an integrated retail and corporate banking, is seeking a Clearing Analyst
Location: Chicago, IL/ Hybrid
Position Type: Contract
Job Summary:
Futures Division clears 27 Exchange worldwide and reconciles over 70+ balancing sheets. Clearing team is responsible for managing all clients and executing brokers Exchange cleared trades.
Clearing Analyst within the Futures Division at Company requires a motivated individual to perform key control functions. They will improve and help build processes related to trade clearing, middle-office management, manuals, and regulatory reporting. Clearing analyst is focused on Exchange and Carry broker requirements.
Responsibilities:
Location: Chicago, IL/ Hybrid
Position Type: Contract
Job Summary:
Futures Division clears 27 Exchange worldwide and reconciles over 70+ balancing sheets. Clearing team is responsible for managing all clients and executing brokers Exchange cleared trades.
Clearing Analyst within the Futures Division at Company requires a motivated individual to perform key control functions. They will improve and help build processes related to trade clearing, middle-office management, manuals, and regulatory reporting. Clearing analyst is focused on Exchange and Carry broker requirements.
Responsibilities:
- Balance Exchange & Carry broker positions and monies to GMI.
- Perform timely client and trade inquiry research, investigation, and issues resolution.
- Interface with Exchanges, brokers firms and clients on trade issues.
- Master firms' technology systems Middle-office, RPA, Duco and GMI.
- Complete daily operational reporting & controls; identify risk trends.
- Ensure all trades are cleared in clients account on trade date.
- Understand and adapt to Regulatory and Industry change Middle Office Management.
- Ensure Executing broker trade allocations are completed on trade date.
- Exchange and Carry brokers' position close-out.
- Internal trade transfers.
- Trade checking.
- Review LTD/FND products.
- Evidence collection and reply promptly to audit & regulatory inquiries.
- Vendor management.
- Flexibility to work on U.S. holidays.
- Excellent follow-through and attention to detail.
- Dynamic & proactive team player with the ability to identify process inefficiencies to improve capacity, efficiency and control.
- Self-starter with a proven ability to take initiative.
- Team-oriented with strong integrity and professionalism.
- Proper escalation of issues.
- Strong time management skills is required to meet time critical deadlines and priorities.
- Effective verbal and written communication skills; notably the ability to clearly articulate issues and influence resolution.
Source : Mitchell Martin