Exchange Fee Reconciliation Specialist, Futures Operations AVP/VP

Mizuho•Chicago, IL

2d•Hybrid

About The Position

The Futures Exchange Fee Reconciliation Specialist will be responsible for maintaining exchange fee setups in GMI, conducting monthly exchange fee reconciliations, and ensuring accurate reconciliation of fees charged by exchanges and carrying brokers with the firm’s internal records. This role involves reviewing and analyzing fee discrepancies, resolving issues, maintaining detailed records of fee transactions, and communicating updates to internal stakeholders. Additionally, the specialist will manage static data related to exchange fees, including membership and fee incentive programs, to ensure compliance with regulatory requirements.

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 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.
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.

Responsibilities

Maintain the exchange fee setups in GMI.
Conduct monthly fee reconciliation for various exchanges including BPS, CME group, ICE Europe, ICE US, LME, Nodal, EEX, Montreal, MGE, TOCOM, and 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 fee setups and allocation processes.
Provide documentation of reconciliation to support 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.