Millennium
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Operations Specialist - Futures
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Millennium 2 weeks ago Be among the first 25 applicants Join to apply for the
Operations Specialist - Futures
role at
Millennium Get AI-powered advice on this job and more exclusive features. Job Function Summary
The Operations Specialist role will support trading activity of portfolio managers trading listed Futures and Options on Futures. The role will primarily focus on clearing & reconciliation, with primary responsibilities targeted towards US exchange (CME/CBT) trade clearance, trade booking, and lifecycle/event management of futures/future option trades and positions. The candidate should have subject matter expertise in the intricacies of futures clearing, exchange clearing systems, the management of lifecycle events related to futures/options on futures for US (CME/CBT) exchanges, and management/booking of EFRP & Block trades at the exchange. The candidate should be open to working during off-hour shifts. Some late nights and weekends are required. Oversee trade clearance of futures/options on futures on US Exchanges; with primary focus on CME/CBT markets Liaise with Executing Brokers and clearing firms for break resolution on T0/T1. Resolve out-trades and breaks with opposing firms. Default and suspense trade management of trades and positions Set-up/maintenance of accounts, EB, & counterparty static in internal/external trading & clearing systems. Ensure proper controls are in place to effectively manage trading and clearing risk Manage EFRP & Block trade submission, booking, and settlement at the exchange. Ensure trades are properly booked in internal/external systems and follow all exchange/regulatory requirements Manage lifecycle events for the firms futures positions. Notify PMs of early/contra option assignments & ensure positions are properly reflected in internal booking systems for these events Coordinate amongst various internal and external stakeholders, to efficiently and effectively maintain controls, mitigate risk, and resolve trade/position related issues Participate in ad-hoc projects/initiatives and work with colleagues across the firm to implement process changes/improvements Establish working relationships with trading teams in order to answer daily queries in a prompt and controlled manner
Job Function Summary
The Operations Specialist role will support trading activity of portfolio managers trading listed Futures and Options on Futures. The role will primarily focus on clearing & reconciliation, with primary responsibilities targeted towards US exchange (CME/CBT) trade clearance, trade booking, and lifecycle/event management of futures/future option trades and positions. The candidate should have subject matter expertise in the intricacies of futures clearing, exchange clearing systems, the management of lifecycle events related to futures/options on futures for US (CME/CBT) exchanges, and management/booking of EFRP & Block trades at the exchange. The candidate should be open to working during off-hour shifts. Some late nights and weekends are required.
Principal Responsibilities
Oversee trade clearance of futures/options on futures on US Exchanges; with primary focus on CME/CBT markets Liaise with Executing Brokers and clearing firms for break resolution on T0/T1. Resolve out-trades and breaks with opposing firms. Default and suspense trade management of trades and positions Set-up/maintenance of accounts, EB, & counterparty static in internal/external trading & clearing systems. Ensure proper controls are in place to effectively manage trading and clearing risk Manage EFRP & Block trade submission, booking, and settlement at the exchange. Ensure trades are properly booked in internal/external systems and follow all exchange/regulatory requirements Manage lifecycle events for the firms futures positions. Notify PMs of early/contra option assignments & ensure positions are properly reflected in internal booking systems for these events Coordinate amongst various internal and external stakeholders, to efficiently and effectively maintain controls, mitigate risk, and resolve trade/position related issues Participate in ad-hoc projects/initiatives and work with colleagues across the firm to implement process changes/improvements Establish working relationships with trading teams in order to answer daily queries in a prompt and controlled manner
Qualifications/Skills Required
Minimum 10+ years of relevant experience in Financial Services Experience in Clearing Operations at a Broker/Dealer and/or FCM Knowledge for Futures back-office clearing systems is a must. GMI/FIS CD/Clearvision/CME Clearport/CME Direct/Front-End Clearing (FEC)/OCR Strong working knowledge of Microsoft Excel/Office. Comfortable using Macros/Pivot & working with large data sets Strong communication and interpersonal skills Ability to implement and maintain new processes, procedures, and controls Fast learner with the ability to multi-task and work under pressure to meet strict deadlines Ability to work independently, with a strong attention to detail and ownership Seniority level
Seniority level
Mid-Senior level Employment type
Employment type
Full-time Job function
Job function
Management and Manufacturing Industries
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Operations Specialist - Futures
role at
Millennium 2 weeks ago Be among the first 25 applicants Join to apply for the
Operations Specialist - Futures
role at
Millennium Get AI-powered advice on this job and more exclusive features. Job Function Summary
The Operations Specialist role will support trading activity of portfolio managers trading listed Futures and Options on Futures. The role will primarily focus on clearing & reconciliation, with primary responsibilities targeted towards US exchange (CME/CBT) trade clearance, trade booking, and lifecycle/event management of futures/future option trades and positions. The candidate should have subject matter expertise in the intricacies of futures clearing, exchange clearing systems, the management of lifecycle events related to futures/options on futures for US (CME/CBT) exchanges, and management/booking of EFRP & Block trades at the exchange. The candidate should be open to working during off-hour shifts. Some late nights and weekends are required. Oversee trade clearance of futures/options on futures on US Exchanges; with primary focus on CME/CBT markets Liaise with Executing Brokers and clearing firms for break resolution on T0/T1. Resolve out-trades and breaks with opposing firms. Default and suspense trade management of trades and positions Set-up/maintenance of accounts, EB, & counterparty static in internal/external trading & clearing systems. Ensure proper controls are in place to effectively manage trading and clearing risk Manage EFRP & Block trade submission, booking, and settlement at the exchange. Ensure trades are properly booked in internal/external systems and follow all exchange/regulatory requirements Manage lifecycle events for the firms futures positions. Notify PMs of early/contra option assignments & ensure positions are properly reflected in internal booking systems for these events Coordinate amongst various internal and external stakeholders, to efficiently and effectively maintain controls, mitigate risk, and resolve trade/position related issues Participate in ad-hoc projects/initiatives and work with colleagues across the firm to implement process changes/improvements Establish working relationships with trading teams in order to answer daily queries in a prompt and controlled manner
Job Function Summary
The Operations Specialist role will support trading activity of portfolio managers trading listed Futures and Options on Futures. The role will primarily focus on clearing & reconciliation, with primary responsibilities targeted towards US exchange (CME/CBT) trade clearance, trade booking, and lifecycle/event management of futures/future option trades and positions. The candidate should have subject matter expertise in the intricacies of futures clearing, exchange clearing systems, the management of lifecycle events related to futures/options on futures for US (CME/CBT) exchanges, and management/booking of EFRP & Block trades at the exchange. The candidate should be open to working during off-hour shifts. Some late nights and weekends are required.
Principal Responsibilities
Oversee trade clearance of futures/options on futures on US Exchanges; with primary focus on CME/CBT markets Liaise with Executing Brokers and clearing firms for break resolution on T0/T1. Resolve out-trades and breaks with opposing firms. Default and suspense trade management of trades and positions Set-up/maintenance of accounts, EB, & counterparty static in internal/external trading & clearing systems. Ensure proper controls are in place to effectively manage trading and clearing risk Manage EFRP & Block trade submission, booking, and settlement at the exchange. Ensure trades are properly booked in internal/external systems and follow all exchange/regulatory requirements Manage lifecycle events for the firms futures positions. Notify PMs of early/contra option assignments & ensure positions are properly reflected in internal booking systems for these events Coordinate amongst various internal and external stakeholders, to efficiently and effectively maintain controls, mitigate risk, and resolve trade/position related issues Participate in ad-hoc projects/initiatives and work with colleagues across the firm to implement process changes/improvements Establish working relationships with trading teams in order to answer daily queries in a prompt and controlled manner
Qualifications/Skills Required
Minimum 10+ years of relevant experience in Financial Services Experience in Clearing Operations at a Broker/Dealer and/or FCM Knowledge for Futures back-office clearing systems is a must. GMI/FIS CD/Clearvision/CME Clearport/CME Direct/Front-End Clearing (FEC)/OCR Strong working knowledge of Microsoft Excel/Office. Comfortable using Macros/Pivot & working with large data sets Strong communication and interpersonal skills Ability to implement and maintain new processes, procedures, and controls Fast learner with the ability to multi-task and work under pressure to meet strict deadlines Ability to work independently, with a strong attention to detail and ownership Seniority level
Seniority level
Mid-Senior level Employment type
Employment type
Full-time Job function
Job function
Management and Manufacturing Industries
Investment Management Referrals increase your chances of interviewing at Millennium by 2x Get notified about new Operational Specialist jobs in
Miami, FL . Guest Operations - FIFA Club World Cup 2025 - Tournament Time
Operations Associate - Miami Design District
Media Operations - FIFA Club World Cup 2025 - Tournament Time
Operations Associate (Part-Time) - Brickell City Centre
Fort Lauderdale, FL $45,000.00-$55,000.00 1 day ago Fort Lauderdale, FL $60,000.00-$80,000.00 5 months ago Miami, FL $45,000.00-$55,000.00 6 days ago Operations Associate (Part-Time) - Miami Design District
Miami Beach, FL $100,000.00-$120,000.00 1 day ago Fleet Technical Documentation Coordinator
Were unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr