Securities Clearing Operations Consultant

Chicago Mercantile Exchange • Chicago, IL

1d

About The Position

The Clearing Post-Trade Services and Risk team, part of CME Group’s Clearing House, is responsible for the daily processing of trades for futures/options and over-the-counter (OTC) derivatives, ensuring timely clearing of customer transactions and performing critical risk management functions. The Clearing House guarantees member firms meet their financial obligations and offers various clearing services to enhance efficiency for CME Group’s customers. This specific role is for a Clearing Operations Consultant who will contribute to an initiative launching a new US Treasury and Repo clearing service. The core responsibilities include providing operational support for this new clearing service, assisting with customer testing, and successfully onboarding new market participants. This role requires significant interaction with both internal stakeholders and external market participants.

Requirements

• MS/BS in Finance, Economics, or related field
• Prior work experience with listed derivatives, Treasury Securities, Repo markets, or OTC products at a clearing house, FCM, or trading firm
• Strong experience in Excel (or Google Sheets) including pivot tables, vlookups, and macros
• Excellent written and verbal communication skills

Responsibilities

• Provide support to clearing member firms, customers and business partners on CME Group’s product offering and clearing systems
• Mitigate customer impactful events through escalation to management and troubleshoot with technology teams to deliver fixes in a timely manner within SLAs
• Drive improvements in risk management practices and contribute to the Clearing House’s operational risk framework
• Develop an understanding of the Banking & Collateral Team’s responsibilities and assist with operational tasks such as the payment and collection of margin, margin reconciliation, collateral substitutions, and daily cash investments
• Work globally with teammates on new initiatives and projects

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 501-1,000 employees