Exchange Fee Reconciliation Specialist, Futures Operations AVP/VP

Mizuho•Chicago, IL

1d•$85,000 - $150,000•Hybrid

About The Position

Futures Exchange Fee Reconciliation specialist will maintain the exchange fee setup (updates/maintenance) in GMI and conduct monthly exchange fee reconciliation ensuring that all exchange fees charged by the exchanges and the carrying brokers are accurately reconciled with the firm’s internal records. This includes reviewing and analyzing fee discrepancies or errors and working to resolve any issues. The specialist will also be responsible for maintaining detailed records of all fee transactions and communicating with internal stakeholders to provide updates on fee reconciliations and changes. Additionally, the specialist will be responsible for maintaining static data related to exchanges fees, including membership, fee incentive programs, and other relevant information in the firm’s systems to ensure that the firm remains compliant with exchange regulatory requirements related to exchange fees.

Requirements

Extensive operational knowledge.
Strong understanding of exchange fees, exchange memberships, BPS, and GMI.
Strong experience with excel
Proven skills in extending professional service to our clients and taking ownership of issues.
Excellent follow-through, attention to detail and interpersonal skills to communicate across multiple aspects of the organization at various senior levels is required.
Dynamic & proactive team player with the ability to identify process inefficiencies to improve capacity, efficiency, and control.
Excellent written and verbal communication skills.
Ability to work accurately and effectively under pressure.
Strong time management skills required to meet time critical deadlines and priorities.
This position may require working public holidays.

Nice To Haves

Superior organizational skills with strong attention-to-detail.
Excellent interpersonal, verbal and written communication skills.
Self-starter with a proven ability to take initiative.
Strong work ethic and the ability to quickly build credibility and gain confidence of others.
Team-oriented with strong integrity and professionalism.

Responsibilities

Maintain the exchange fee setups in GMI.
Conduct monthly fee reconciliation.
Reconciliation include, but not limited to BPS, CME group, ICE Europe, ICE US, LME, Nodal, EEX, Montreal, MGE, TOCOM exchanges, NFA.
Communicate and pass on any fee adjustments or rebates to clients after completing the reconciliation.
Research and provide resolution on any unreconcilable items and complex requests related to all components of the fee setups and allocation process.
Provide documentation of reconciliation for the purpose of supporting changes to fee schedules and fee accruals.
Assist in the development of standards, procedures, and internal controls around fee reconciliation activities.
Assist in external and internal audit questionnaires and requests.
Other duties as assigned or needed.