Operations Analyst (Futures and Options)

Britannia Global Markets Limited; Greater London; On-site; GBP 40,000 - 65,000; Full time

Job summary

Britannia Global Markets Limited is seeking an Operations Analyst to support the transaction lifecycle across Futures & Options, FX and CFD, with emphasis on efficient operations and robust documentation.

You will monitor clearing, settlement, regulatory reporting, and static data management, while collaborating with internal and external stakeholders and driving automation where possible.

Qualifications

• Minimum 2+ years’ operations experience within a brokerage environment.
• Understanding of transaction lifecycle management (trade settlement, expiry process, option exercise & assignments).
• Understanding of reconciliation processes.
• Regulatory reporting experience and exception management (MiFID/EMIR).
• Static data experience (product/static and client static) and impact on reporting.
• Experience across exchange reporting (CME/ICE) Large Trader reporting.
• Strong accuracy, attention to detail, and quick learning ability.
• Excellent communication and collaboration with internal/external stakeholders.

Responsibilities

• Monitor the transaction clearing process and address issues with root-cause analysis.
• Complete reconciliation processes for counterparties, regulatory reporting and inter-systems where applicable.
• Produce reconciliation reporting of breaks to management to support governance.
• Perform exchange and regulatory reporting activities and resolve reporting exceptions.
• Execute trade settlement tasks including expiration, option exercise and assignment processes.
• Manage static data processes and support Duco reconciliations.
• Contribute to automation to reduce manual processes.
• Collaborate with stakeholders to resolve issues and maintain relationships.
• Adhere to operational controls.

Tools

Duco

XTP

Spectrum

Job description

CIMAS Consulting is the central service pillar for Britannia Global Markets. The Operations Analyst will support the elements of the transaction lifecycle management or the reconciliation function across Futures & Options, FX and CFD. This includes clearing, settlement, option expiry, static data, exchange reporting, counterparty reconciliation of trades, positions, cash and inter-system reconciliation where applicable. An important focus is to operate efficiently, root cause analysis is adhered to and to ensure appropriate documentation is in place to support operational excellence and run an exception based model.

Role & Responsibiliti

• Monitor the transaction clearing process and ensure any issues are addressed and root cause analysis is completed to prevent reoccurring issue
• Complete the reconciliation processes for counterparties, regulatory reporting and inter-systems where applicable and ensure any issues are addressed and root cause analysis is completed to prevent reoccurring issue
• Complete reconciliation reporting of breaks to management to adhere to governance
• Complete the exchange (Large Trader/CFTC) and regulatory reporting (MiFID/EMIR) activities including resolution of regulatory and exchange reporting exceptions are resolved
• Complete the trade settlement processes including and not limited to expiration and option exercise and assignment processes
• Management of static data processes
• Maintenance and build of reconciliations within the Duco application
• Complete allocated tasks that contribute towards automation to reduce manual processs
• Communicating and collaborating with a variety of internal and external stakeholders to resolve issues and maintain good relationships
• Adhere to operational controls

Experience we are looking

• Minimum 2+ years’ operations experience within an brokerage environment
• Understanding of the transaction lifecycle management e.g. trade settlement, expiration process, option exercise & assignments
• Understanding of the reconciliation process
• Regulatory Reporting experience and exception management experience (MiFID/EMIR)
• IR)Static data experience e.g. product static and client static and the impact this has on downstream regulatory and exchange reporting
• Experience across exchange reporting such as Exchange (CME/ICE) Large Trader Reporti
• Accuracy and attention to detail
• Quick learner with the ability to learn new processes and applications
• Proactive. Required to digest what is needed and make the role fit the needs
• Excellent communication and collaboration skills with a variety of internal and external stakeholders
• Good analysis and problem-solving skills, escalating any issues accordingly.
• Investigative and inquisitive nature; willing to challenge accepted practice

Nice to

• Experience of XTP, Spectrum and Duco or similar post trade and reconciliation applications
• Experience working on projects (with good organisational skills)