Back Office - Listed Derivatives, Clearing, Reconciliations - APAC/EMEA

Position Type

Full time

Type Of Hire

Experienced (relevant combo of work and education)

Clearing and Trade life cycle Mgmt (Analyst, Senior Analyst)

As the world works and lives faster, FIS is leading the way. Our fintech solutions touch nearly every market, company and person on the planet. Our teams are inclusive and diverse. Our colleagues work together and celebrate together. If you want to advance the world of fintech, we’d like to ask you: Are you FIS?

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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 solve problems quickly and innovatively

Dynamic outlook, with the ability to adapt and change plans on the fly

Delivery focused; results driven

Excellent communication and time management

Strong client service focus.

Qualifications

MBA Degree or equivalent

Competencies

Skill in project management, organization, communications, analytical and people skills

Skill in leading, supervising and managing effectively under pressure

Ability to be comfortable interacting and maintain positive working relationship with other stakeholders

Ability to analyze business needs and determine related information services support

Ability to manage activities and problem areas

Ability to delegate tasks to qualified subordinates as appropriate

Ability to lead, direct and manage effectively

Ability to operate independently

Ability to exhibit solid decision-making and problem-solving skills

Ability to communicate effectively verbally and in writing

Ability to build strategic roadmap for the function and further expansion of scope of functions

Ability to contribute towards budget saving automation ideas

Ability to meet conflicting priorities by ensuring effective prioritization and meeting the business demands.

Added bonus if you have

Experience dealing with large financial services clients.

Experience in Front Office Execution desk processes for ETD & OTC Derivatives

Experience in Position & Cash Reconciliation for ETD & OTC Derivatives

Knowledge of Front to Back Trade & Cash Settlement flows

What we offer you

A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities

A broad range of professional education and personal development possibilities – FIS is your final career step!

A competitive salary and benefits

A variety of career development tools, resources and opportunities

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