Senior F&O/Margin Operations Specialist

BC Forward; Chicago (IL); Hybrid; USD 55,000 - 58,000; Part time

Benefits offered by this job

Competitive compensation

Benefits

Growth opportunities

Inclusive culture

Exposure to cutting edge technologies

Job summary

BCforward is seeking a Senior F&O/Margin Operations Specialist to join our Chicago team supporting F&O margin operations. The ideal candidate has strong experience in listed derivatives, collateral management, and coordinating with internal and external stakeholders.

This contract role offers hybrid work with minimum three days onsite per week. The position requires ability to manage client margin processes, mitigate risk, and drive strategic initiatives, while ensuring compliance with internal

Qualifications

• Strong understanding of financial markets with focus on ETD/F&O margin and collateral processes.
• Ability to face off to senior stakeholders across Sales, Trading, Product Control, Credit, and Legal.
• Excellent verbal and written communication skills with strong attention to detail and control mindset.
• Demonstrated ability to meet deadlines, prioritize work, and solve problems analytically.
• Experience implementing and maintaining key business controls within a regulated environment.
• Experience within Financial Services or Banking and team experience of more than two years.

Responsibilities

• Serve as escalation point for the F&O Margin team and primary contact for internal and external stakeholders.
• Monitor collateralization requirements from trading activities for counterparties with margin documentation.
• Execute collateral substitutions with counterparties and manage bookings, releases, pledged, and lodged collateral.
• Lead strategic planning for the team and participate in industry initiatives.
• Own new product onboarding for margin operations and ensure adherence to internal policies, procedures, and regulatory requirements.
• Manage risk aspects including audits and key business controls.
• Drive staff development and appraisals.

Skills

ETD/F&O margin

Collateral management

Stakeholder coordination

Risk management

Communication skills

Regulatory controls

Financial services experience

Education

Finance degree

Job description

Job Title: Senior F&O/Margin Operations Specialist

Location: Chicago, IL

Duration: Contract through 02/26/2027

Pay Range: $40.35/hr (W2)

Job ID: 408993

Target Start Date: ASAP

Schedule: Hybrid. Minimum three days per week onsite.

About BCforward

BCforward is a leading global IT consulting and workforce solutions firm providing services and support to Fortune 500 and government clients. Founded in 1998, BCforward has grown with our customers needs into a full-service business solutions provider. With delivery centers and offices across North America and India, we take pride in building long-term relationships and delivering excellence through innovation, collaboration, and integrity.

Job Description

We are seeking a Senior F&O/Margin Operations Specialist to join our team supporting F&O margin operations. The ideal candidate will have strong experience in listed derivatives, collateral management, and stakeholder coordination and a proven ability to manage client margin processes, mitigate risk, and drive strategic initiatives.

Responsibilities

• Serve as key escalation point for the F&O Margin team and primary contact for internal and external stakeholders.
• Monitor collateralization requirements from trading activities for counterparties with margin documentation.
• Execute collateral substitutions with counterparties and manage bookings, releases, pledged, and lodged collateral.
• Lead preparation and delivery of strategic planning for the team and participate in industry initiatives.
• Own new product onboarding for margin operations and ensure adherence to internal policies, procedures, and regulatory requirements.
• Manage risk aspects including audits and key business controls.
• Drive staff development and appraisals.

Day-to-Day Duties

• Manage timelines for strategic initiatives and projects.
• Ensure all client margin calls are issued, reconciled, and covered daily.
• Investigate and resolve discrepancies.
• Handle client trade and settlement queries and coordinate resolutions with Front Office, Middle Office, and core processing teams.
• Identify and upscale fails to Credit/Risk Management, Collateral Risk Management, and Operations Management in a timely and accurate manner.
• Request and book FX transactions across the client base as required for collateral movements.
• Maintain comprehensive understanding of bank policies, departmental controls, and procedures.

Required Skills & Qualifications

• Strong understanding of financial markets with focus on ETD/F&O margin and collateral processes.
• Ability to face off to senior stakeholders across Sales, Trading, Product Control, Credit, and Legal.
• Excellent verbal and written communication skills with strong attention to detail and control mindset.
• Demonstrated ability to meet deadlines, prioritize work, and solve problems analytically.
• Experience implementing and maintaining key business controls within a regulated environment.
• Experience within Financial Services or Banking and team experience of more than two years.

Preferred Skills

• Degree in finance or related field, or experience in Finance, Risk Management, or Treasury.
• Familiarity with listed futures and options and OTC derivatives lifecycle.

Other Qualifications

• Brings new ideas to drive innovation and practical solutions.
• Works across diverse viewpoints to determine sound paths forward and serves evolving client needs.
• Engages clients to understand future business needs and pursues continuous learning.
• Challenges the status quo and promotes positive change in tools, technology, and ways of working.
• Values diversity and inclusion to meet the needs of clients and employees.

Why BCforward?

At BCforward, we believe in advancing lives and careers. When you join our team, you gain access to:

• Competitive compensation and benefits.
• Opportunities for growth with global clients.
• A supportive, inclusive culture that values innovation and people.
• Exposure to cutting edge technologies and projects.

About Our Commitment

BCforward is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, or veteran status.