Overnight Trade Support Consultant

Phaxis; Chicago (IL); On-site; USD 80,692 - 114,926; Full time

Job summary

A finance operations firm in Chicago is seeking an experienced professional in Futures & Options Operations to manage trade clearances and client communications. You will ensure accuracy in trade bookings, collaborate with exchanges, and streamline delivery processes. Ideal candidates will have over 5 years of relevant experience, strong knowledge of GMI, and exceptional attention to detail. Proficiency in Excel and excellent communication skills are essential for this role.

Qualifications

• 5+ years of experience in Futures & Options Operations.
• Strong hands-on knowledge of GMI and reconciliation skills required.
• Prior experience in a 24x6 global futures operations environment.

Responsibilities

• Ensure futures and options trades are cleared accurately.
• Liaise with exchanges and clients to resolve trade issues.
• Process customer instructions for deliveries.

Skills

Futures & Options Operations experience

GMI knowledge

Excel

Communication skills

Attention to detail

Job description

Pay Rate up to $71.00

Key Responsibilities

• Ensure all futures and options trades are cleared, allocated, and booked accurately in client accounts on trade date.
• Liaise with exchanges, carrying brokers, and clients to resolve trade breaks, allocation issues, and exceptions in a timely manner.
• Process expiring options and maintain accurate static data setups in GMI and middle‑office systems.
• Oversee the complete post‑trade delivery process, handling everything from contract expiration to delivery notices and physical settlements at global exchanges such as ICE GASOIL, IFAD Murban Crude, and LME.
• Track clients' intentions regarding deliveries and promptly report any associated risks in accordance with exchange regulations and internal policies.
• Process customer instructions for approved products being delivered, including preparing stop orders and issuing invoices.
• Respond promptly to exchange and regulatory inquiries, maintaining strong knowledge of exchange rules, clearing and delivery timelines, and cut‑offs.
• Maintain up‑to‑date procedures, checklists, and contact lists.
• Partner closely with internal teams (Front Office, Credit Risk, Treasury, Compliance) and external stakeholders to ensure smooth daily operations.

Required Qualifications & Skills

• 5+ years of Futures & Options Operations experience, covering Clearing and Deliveries, with strong hands‑on GMI knowledge and strong reconciling skills.
• Working knowledge of multiple exchange clearing and delivery platforms, including LME, ICE (FEC / FEC+), ECS, EUREX, EEX, or similar.
• Prior experience supporting a 24x6 global futures operations environment.
• Strong proficiency in Excel, Word, and Outlook.
• Excellent attention to detail with proven follow‑through on time‑critical deliverables.
• Strong understanding of exchange deadlines, contract expiry processes, delivery mechanism.
• Effective written and verbal communication skills, with the ability to clearly articulate issues and drive resolution.
• Demonstrated ability to elevate issues appropriately and manage competing priorities under tight deadlines.
• Self‑starter with a growth mindset, strong integrity, and a collaborative, team‑oriented approach.