Futures Operations Manager
About The Position
Futu US Inc. is a financial services company that operates two SEC-registered broker-dealers and a cryptocurrency brokerage under Futu Holdings Limited (Nasdaq: FUTU). They aim to innovate the investing landscape with a digitized brokerage and wealth management platform. The Futures Clearing Operations Manager will be responsible for overseeing all clearing and settlement activities for US futures transactions, ensuring regulatory compliance, mitigating risk, and optimizing operational efficiency. This role requires knowledge of futures clearing processes, margining, risk, reconciliation, and exchange regulations, particularly within U.S. markets.
Requirements
- Bachelor’s degree in finance, Business, Economics, or a related field.
- 8+ years of experience in futures clearing, trade settlement, or back-office operations at an FCM, exchange, or clearing firm.
- Strong understanding of U.S. futures markets and clearing processes.
- Familiarity with exchange margining methodologies and risk management principles.
- Proficiency with clearinghouse systems (e.g., CME Clearing) and futures back-office platforms.
- Excellent analytical and problem-solving abilities.
- Effective communication and leadership/management skills.
- Proficiency in Microsoft Excel, clearing systems, and risk management tools.
Nice To Haves
- Experience with regulatory reporting requirements for FCMs.
- Knowledge of automated clearing and reconciliation solutions.
- Experience working with NFA and CFTC regulatory frameworks.
- FINRA Series 3 or ability to obtain within 3-6 months of hire.
Responsibilities
- Manage the daily clearing and settlement of futures trades, ensuring accurate and timely processing through the firm’s clearing relationships and exchange systems (e.g., CME group and its affiliated exchanges).
- Monitor margin requirements, process margin calls, and manage collateral movements as well as daily net settlements in accordance with exchange and regulatory guidelines.
- Maintain segregated balance requirements for affiliates and manage treasury-related operations.
- Oversee trade, position, and cash reconciliations with exchanges and internal systems to identify and resolve discrepancies.
- Manage daily balancing of futures activity and positions.
- Ensure all clearing operations adhere to regulations set by the CFTC, NFA, and relevant exchanges (e.g., CME).
- Prepare regulatory reports and audits as required.
- Assist compliance with regulatory inquiries and requests related to relevant clearing systems/portals as well as operations procedures, functions, and processes.
- Identify operational risks and implement controls to mitigate potential issues related to risk management, clearing, margining, and settlement.
- Develop comprehensive operating procedures and continuously evaluate and enhance clearing workflows to improve efficiency, accuracy, and automation.
- Work with IT and vendors to onboard, maintain and improve back-office and risk management systems.
- Serve as the primary liaison with exchanges, management, vendors, and clients to resolve operational issues.
- Lead, manage, and train clearing operations staff, providing training and guidance on best practices as well as processes/functions.
- Responsible for creating and updating comprehensive policies and procedures for all aspects of futures trading, clearing and settlement.
Benefits
- Comprehensive Paid Medical Benefits
- 401k Employer Contribution
- Generous Paid Time Off & Paid Holidays
- Opportunities for Professional Growth & Development
- Performance Based Bonuses
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What This Job Offers
Job Type
Full-time
Career Level
Manager
