Reconciliation Specialist (Futures & Options)

Millennium; Bengaluru; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Millennium is seeking a Brokerage / Fees & Commissions Specialist to join our Operations and Middle Office team in Bengaluru. You will manage brokerage, fees and commission processes across ASIA, EMEA, NAM markets, and support CME EFS, BPS, and related reconciliation platforms.

You will apply fee schedules, Give-Up Agreements and regulatory fees, investigate breaks, and drive process improvements with strong analytical and stakeholder management skills.

Qualifications

• 5–10 years of brokerage operations experience in financial services.
• Experience with exchange fee analysis and fees and commissions.
• Strong analytical and investigation skills.
• Excellent attention to detail and ability to manage multiple priorities.

Responsibilities

• Manage brokerage, fees, and commission processes across ASIA, EMEA, NAM markets.
• Review CME EFS, BPS, invoices, rebates, and adjustments.
• Apply exchange fee schedules, Give-Up Agreements, and regulatory fees.
• Investigate fee/commission breaks and perform root-cause analysis.
• Maintain brokerage rules in internal platforms for accurate fee pickup.
• Support manual and electronic brokerage processes using Atlantis and related systems.
• Identify automation opportunities and drive process improvements.
• Understand Trade, Position, and Cash reconciliations; Direct Bill knowledge is a plus.

Skills

Brokerage operations

Fees analysis

Commissions

Trade reconciliations

Stakeholder management

Attention to detail

Problem solving

Education

Bachelor’s degree in finance/business

Tools

CME EFS

BPS

GMI

FIA Docs

Atlantis

Job description

About Millennium

Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors.

Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.

Meet the Team

Operations and Middle Office is one of the largest departments at Millennium. Core post-trade operations for futures, currencies (FX), and commodities. In practice, this is the operational backbone that supports trading in these asset classes — handling the lifecycle of trades after they're executed. Based on the team's makeup, this covers areas like trade capture and reconciliation, clearing/settlement, and futures/FX operational processing. If this sounds like an exciting next step in your career, we would love to hear from you!

What You’ll Do

• Manage brokerage, fees, and commission processes across ASIA, EMEA, and NAM markets.
• Review and support CME EFS, BPS, monthly invoices, rebates, and ad hoc adjustments.
• Interpret and apply exchange fee schedules, Give-Up Agreements, regulatory fees, rebate programs, and member vs non-member rates.
• Investigate and resolve fee / commission breaks, perform root cause analysis, and fix static or setup issues.
• Maintain and update EXEC / EXCH / CLR commission rules in internal platforms to ensure accurate fee pickup.
• Support both manual and electronic (Atlantis) brokerage processes. Use tools such as GMI, FIA Docs, Atlantis, and related systems for reconciliations and investigations.
• Identify automation opportunities, reduce manual intervention, and improve controls and efficiency.
• Support a high-level understanding of Trade, Position, and Cash reconciliations; Direct Bill process knowledge is a plus.

What You Bring

• We are seeking an experienced Brokerage / Fees & Commissions Specialist with 5–10 years of experience in brokerage operations, exchange fee analysis, or fees and commissions within financial services.
• Strong understanding of global markets operations across ASIA, EMEA, and NAM.
• Hands-on experience with CME EFS, BPS, GMI, FIA Docs, Atlantis, or similar platforms.
• Strong analytical, problem-solving, and investigation skills.
• Excellent attention to detail and control mindset. Ability to work independently and manage multiple priorities.
• Strong communication and stakeholder management skills.
• Proactive approach to root cause fixes and continuous process improvement.
• Good knowledge of exchange fee schedules, EGUS / Give-Up Agreements, regulatory fees, rebates, and membership concepts.