Clearing Operations Analyst

  • Temporary
  • London,

Bruin Financial

Ref: 32192

We have partnered with an investment bank based in London, who are looking for a Clearing Operations Analyst on an initial 12 month contract.

 

Overview:

Working in the Clearing Operations group you will be within one of the 3 sub teams; Client services, Clearing and Position management or Reconciliations and Control.

Client services are responsible to act as the single point of contact for clients requests, you will also be responsible for daily margining activities. Clearing and Position Management are responsible for accurate allocations of house and client trades as well as management of positions and post trade activities. Control team are responsible for the time completion of Front Office/Back Office reconciliations, Financial and exchange reporting and to ensure balance sheet attestation is completed.

 

Responsibilities:

  • Resolving all client operational issues, liaising/coordinating with internal/external stakeholders while performing root cause analysis.
  • Client clearing manage and coordinate the margin process, to include (not withstanding), communicating and agreeing the call with clients.
  • Client clearing manage Nostro and Control accounts on an intraday basis.
  • Clearing all responsible for the processing of Futures and Options along with post trade events and physical deliveries.
  • Ensuring all market facing reconciliation and positions are maintained and completed.
  • Proactively monitor trades executed ensuring timely settlement and allocation, ensuring STP processing occurs.
  • Responsible for FOBO, cash, fees and balance sheet reconciliation.
  • Control team are responsible for the departments balance sheet attestation.
  • Need to have an adequate understanding of the required ledger postings to be able to map XTP to the downstream sub ledger.
  • Completion of exchange regulatory reporting, operational financial reporting and adhoc requests from stakeholders.
  • All teams ensure timely escalation of breaks and issues to management.
  • Perform vendor directed UAT for mandatory software or hardware update, development or technical changes.
  • Ensure relevant checklists are up to date after daily task.

 

Required:

  • In depth knowledge of one or more disciplines: Clearing, Reconciliations, Control, Regulatory reporting and Operational Risk Management.
  • Understanding of working of Futures, Options and OTC markets associated operational flows and risks gained from experience with a recognised marker participant.
  • In depth knowledge of major exchange, CCP and ISV systems.
  • In depth knowledge of CCP BAU practices, adhoc events and associated rules and deadlines.
  • In depth knowledge of one or more regulatory regimes, including CASS, MiFID II, EMIR
  • Educated to a A-Level standard.

 

Preferred:

  • In depth knowledge of vendor back and middle office systems
  • Recognised industry qualifications such as CISI, Eurex Clearing Qualified Clearing Staff (QBO)

 

Technical:

  • Background in settlement and Clearing within a capital markets environment.
  • Ability to be able to perform analysis of nosiness processes and implement change as required.
  • High degree of accuracy as well as attention to detail, time awareness, understanding of the consequences of missing deadlines.

 

 

 

Bruin recognises the positive value of diversity, and aims to promote equality and challenge unfair discrimination. As a champion of equal opportunity employment we welcome applications from all suitably qualified persons – men and women, people of all ages, sexual orientations, nationalities, religions and beliefs. We particularly encourage applications from women, disabled, and Black, Asian and minority ethnic candidates as these groups are underrepresented throughout the financial services industry. Our clients work with us because they value a diverse workforce, and subscribe to our shared principle that all appointments are made on merit and that ability to perform the job will be the primary consideration.

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