Pre & Post Trade ETD's & Clearing Operations VP

Santander•Charlotte, FL

2d•$108,750 - $190,000•Hybrid

About The Position

The Pre & Post Trade ETD's & Clearing Operations VP, is responsible for supporting and protecting CIB ETD's & Clearing business activity by conducting end-to-end processes and controls throughout the complete Operations value chain while ensuring: i) Oversight of operations processes and controls related to ETDs and Over-The-Counter “OTC” cleared derivatives ii) Resource & flow efficiency iii) Quality in execution iv) Strict control of the operational risks Provide effective product expertise and support to the CIB ETDs business (Markets) Ensure the Operations department is fully compliant with US regulations (mainly CFTC and CME), Legal requirements, and Compliance and Tax policies. Effective execution of controls around the ETDs processes, and effective oversight outsourced to the service providers ensuring service levels are maintained in all aspects, in particular for time-critical trade execution Deep knowledge/expertise of option expiration and physical delivery processing across ICE soft commodities, CME agricultural, energy, metals. FX and interest rate products Key point of contact between front-office and external clients post-onboarding Primary Operations contact for external clients as it regards margin management, trade and position queries and ad hoc file creation requirements Escalation point of contact with the Central Counterparties (i.e., CME, ICE, OCC, Nodal), and custodians, agent banks, carrying clearing brokers in which SanCap FCM has some business relationship with Ensure the appropriate monitoring of Service Level Requirements with Third-Party Service Providers / Vendors (i.e., ION XTP, Broadridge, Calypso). Interact with service providers on a regular basis to ensure all processes are performed in accordance to the KPIs and implement new processes if necessary. Ensure the generation, maintenance, distribution and use of the information and tools required to maintain the daily activity: development and updates of procedures, planning and organization to be follow by individual contributors of the team. Liaise with internal / external auditors, and regulators to ensure compliance with regulatory requirements Quality assurance on processes and new systems implementation, executing and monitoring User Acceptance Testing (UAT). Active participation in the UAT phase designs to ensure all test cases are reflected properly. Sign off on project related documents such as Business Required Documents to ensure new product or processes covers all the department requirements.

Requirements

Bachelor's Degree or equivalent work experience: Business or equivalent degree. - Required.
5-10+ years of experience working in an ETD's & Clearing Operations or Middle Office team.
In-depth knowledge of the Operational processes supporting ETD's & Clearing Operations
In depth knowledge of Listed Derivatives (such as Futures, Listed Options on Futures contracts, US Listed Equity & Index Options), and OTC Clearing Derivatives contracts (such as cleared IRS and CDS)
In depth knowledge of the operational processes supporting a Futures Commission Merchant’s (FCM) / Clearing Broker firm
Proficient in all regulatory aspects governing the ETD's and Clearing activities in a US Broker Dealer.
Proven track record of managing providers of outsourced services
Knowledge of compliance to CIB around execution of controls to minimize the operational risk
Proven experience in providing a project status update with timely priorities and in communicating convincingly to management
Collaborative and communication skills

Nice To Haves

Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
Experience in Microsoft Office products.

Responsibilities

Supporting and protecting CIB ETD's & Clearing business activity by conducting end-to-end processes and controls throughout the complete Operations value chain
Oversight of operations processes and controls related to ETDs and Over-The-Counter “OTC” cleared derivatives
Provide effective product expertise and support to the CIB ETDs business (Markets)
Ensure the Operations department is fully compliant with US regulations (mainly CFTC and CME), Legal requirements, and Compliance and Tax policies.
Effective execution of controls around the ETDs processes, and effective oversight outsourced to the service providers ensuring service levels are maintained in all aspects, in particular for time-critical trade execution
Deep knowledge/expertise of option expiration and physical delivery processing across ICE soft commodities, CME agricultural, energy, metals. FX and interest rate products
Key point of contact between front-office and external clients post-onboarding
Primary Operations contact for external clients as it regards margin management, trade and position queries and ad hoc file creation requirements
Escalation point of contact with the Central Counterparties (i.e., CME, ICE, OCC, Nodal), and custodians, agent banks, carrying clearing brokers in which SanCap FCM has some business relationship with
Ensure the appropriate monitoring of Service Level Requirements with Third-Party Service Providers / Vendors (i.e., ION XTP, Broadridge, Calypso).
Ensure the generation, maintenance, distribution and use of the information and tools required to maintain the daily activity: development and updates of procedures, planning and organization to be follow by individual contributors of the team.
Liaise with internal / external auditors, and regulators to ensure compliance with regulatory requirements
Quality assurance on processes and new systems implementation, executing and monitoring User Acceptance Testing (UAT).
Active participation in the UAT phase designs to ensure all test cases are reflected properly.
Sign off on project related documents such as Business Required Documents to ensure new product or processes covers all the department requirements.