Job Title: Futures Clearing & Trade Operations Specialist
Job Location: New York, NY Hybrid
Job Type: Contract
Experience: 5–7 Years
Contract Duration: Through December 31, 2026, with a potential extension subject to funding approval.
Job Summary
We are seeking an experienced Futures Clearing & Trade Operations Specialist to support futures clearing operations, trade allocations, position monitoring, reconciliation, and a system migration initiative. The ideal candidate will have hands‑on experience in future clearing and a strong understanding of the end-to-end futures trade lifecycle.
This role will work closely with the clearing operations team, trading desk, and project managers to maintain operational accuracy, resolve trade breaks, document existing workflows, and support the transition of current processes to a new platform.
Hands‑on futures clearing experience is mandatory. Candidates with general trading operations experience but no futures clearing background will not meet the core requirements.
Key Responsibilities
- Support day-to-day futures clearing operations, trade allocations, and transaction processing.
- Investigate, analyze, and resolve trade breaks and discrepancies in coordination with relevant teams.
- Monitor futures positions and perform daily reconciliations to ensure operational accuracy.
- Demonstrate a strong understanding of the complete futures trade lifecycle, including clearing, allocations, regulatory reporting, and deliveries.
- Understand existing transaction-processing workflows and support activities performed through the GMI system.
- Assist with the migration of existing clearing processes to a new platform.
- Collaborate with project managers and clearing operations teams to track project deliverables and assigned tasks.
- Prepare and maintain operational runbooks, process documentation, workflow descriptions, and transition procedures.
- Support process reviews, issue tracking, and operational readiness activities throughout the system transition.
- Coordinate with the trading desk and internal stakeholders as needed to ensure timely resolution of operational issues.
- Work collaboratively with teams across multiple locations to support consistent clearing operations and project execution.
Required Qualifications
- 5–7 years of relevant experience in futures clearing, clearing operations, or futures trade operations. Candidates with fewer years may be considered if they demonstrate strong hands‑on futures clearing expertise.
- Mandatory hands‑on experience with futures clearing operations.
- Strong understanding of the end‑to‑end futures trade lifecycle.
- Experience with trade allocations, break investigation and resolution, position monitoring, and reconciliations.
- Knowledge of clearing workflows, regulatory reporting, and futures deliveries.
- Experience working with trade processing systems and operational workflows.
- Strong analytical, problem‑solving, documentation, and communication skills.
- Ability to collaborate with clearing teams, project managers, and trading desk stakeholders.
Preferred Qualifications
- Exposure to GMI (Global Margining and Interface) and/or XCP systems.
- Experience supporting system migrations, platform transitions, or operational transformation projects.
- Experience preparing runbooks, standard operating procedures (SOPs), and process documentation.
- Previous experience with banks, futures clearing firms, broker‑dealers, or other financial institutions.
- Ability to support project execution, track deliverables, and manage operational transition activities.
- Funding is currently approved through December 31, 2026.
- The role is expected to continue; however, funding for 2027 and any contract extension are not yet approved or guaranteed.