Job Description
Position: Back Office Associate
Reporting Manager: Head of Operations
Job Type- Onsite- Chicago, IL
Total Comp (base+ bonus)- $130K + Benefits
We are looking for a detail-oriented and analytical Back Office Associate to join our client’s team, supporting post-trade operations for our futures and cleared swaps business . This role will focus on ensuring the timely and accurate clearing, reconciliation, lifecycle processing , and settlement of futures and cleared swap transactions. The ideal candidate will have a solid understanding of the industry, strong operational experience, and familiarity with regulatory and clearing processes.
Key Responsibilities:
- Oversee and process futures trades for clearing across major exchanges and clearinghouses (e.g., CME, ICE, Eurex).
- Perform daily reconciliations of trade activity, positions, and lifecycle events between internal systems and exchanges/CCPs.
- Investigate and resolve trade discrepancies, unmatched transactions, and breaks promptly and accurately.
- Work closely with front office, risk, and external counterparties to ensure accurate trade capture and timely clearing.
- Support new account onboarding and setup processes.
- Monitor critical contract dates, including option expirations, first notice dates, and last trade dates.
- Ensure compliance with regulatory reporting requirements (e.g., CFTC, EMIR) and support internal/external audits.
- Identify and implement process improvements, automation opportunities, and operational controls.
- Participate in industry initiatives such as changes to CFTC Part 17 regulations.
- Reconcile and analyze exchange fee discrepancies.
Qualifications & Skills:
- Bachelor's degree or equivalent work experience.
- 3+ years’ experience in futures and cleared swaps operations or a similar function within a financial institution.
- In-depth knowledge of futures and cleared swap products, trade clearing processes, lifecycle events, and fee reconciliations.
- Experience with clearing platforms such as CME FEC/Deliveries, ICE FEC/ECS, and LISA.
- Proficiency in Microsoft Excel; experience with VBA or macros is a plus.
⏩Email me with your updated CV at kushal@fintop.co.uk to learn more about the above Opportunity 🏃 ♀️⏪
Job Tags
Contract work, Work experience placement,