Clearing and Trade life cycle Mgmt (Analyst, Senior Analyst)
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Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.
About the team
The primary function of the role will be to perform and ensure timely trade clearing as per exchange deadline and accuracy in lifecycle event processing as per the agreed SLA’s.
This job role requires key attention to detail, good understanding of Top day Clearing function, Listed Derivatives product understanding, Lifecycle events on Futures and Options, CCPs break investigation and provide resolutions in a timely manner.
What you will be doing
Manage the delivery of the daily Clearing activities as per the Service Level Agreements (SLAs)
Ensure top day trade clearing and trade allocations for global exchanges are performed within the exchange deadlines.
Lifecycle event processing like Expiries, Average pricing, corporate action.
Ensure daily regulatory reporting are submitted on timely basis to exchange and any breaks are resolved prior to submission.
Lead and participate in projects with regards to systemic upgrades, regulatory change, client mandated change.
Identify, resolve and escalate issues in a timely manner to meet the required service standards
Change Management/process improvements
Proactively identify areas for performance and control improvements
Constantly analyze productivity/output to identify potential enhancements or cost savings
Articulate business cases to management/change/IT to execute and deliver on suggested improvements
Guide/encourage team to propose solutions and take ownership of changes
Client Service
Build strong relationships with all stakeholders (retained team/management/business)
Co-ordinate timely response and resolution of all queries
Ensure accuracy and clarity in all deliverables to stakeholders
Provide constant feedback to stakeholders to improve our service offering
Provide an effective link between industry platform providers and the participant firm in terms of knowledge transfer and decision making
Risk Management
Monitor controls and checks associated with tasks in SOPs. Document these change in timely manner.
Constantly analyze all activities to close potential risks, gaps and implement preventative/detective controls
Ensure timely escalations in the event of a risk incident or whenever management attention is needed on a potential issue
Business/Industry landscape awareness
Keep abreast of all industry changes/advancements especially with regards to the development of industry tools and regulations
Awareness and communication of impact to utility management – generate action plans to develop positive outcomes/mitigate negative outcomes from changes
Understand business risks/impact and escalate to management where necessary
What you bring:
Minimum of 3 -10+ years of work experience in Futures and Options trade clearing function.
Good understanding of street wide system like GMI.
Good knowledge of Clearing Houses like ASX, LCH, EUREX, ICE Clear, CME, HKEX, SGX etc.
Front to back understanding of the Clearing function, upstream dependencies and how it impacts processes downstream around reconciliation, margin and brokerage, so that complex queries can be addressed accurately and in a timely manner
Detailed understanding of exchange traded derivatives (Futures & Option and OTC products)
High attention to detail and quality of outputs delivered
Analytical and can…