What are the responsibilities and job description for the Future Operations Contractor – Clearing & Deliveries position at BizTek People, Inc. | APA International Placement Consultants?
e seeking a Future Operation Consultant for our client in Chicago, IL!
Location: Remote but must be local for onsite training and occasional in office meetings.
Overview: Futures Operations team supports a global clearing and delivery platform, clearing trades across 30 exchanges and reconciling 70 balancing sheets. Spans Clearing and Delivery and requires hands-on experience with exchange-cleared futures and options, delivery processing, and GMI. Clearing Operations covers trade capture, allocation, and reconciliation, while Deliveries Operations manages the post-trade lifecycle, including contract expiry and physical settlement.
Key Responsibilities
Clearing Operations
- Ensure all futures and options trades are cleared, allocated, and booked accurately in client accounts on trade date.
- Liaise with exchanges, brokers, and clients to resolve trade breaks, allocation issues, and exceptions.
- Process expiring options and maintain accurate static data in GMI and middle-office systems.
Deliveries Operations
- Oversee the full post-trade delivery process, from contract expiration to delivery notices and physical settlement across global exchanges.
- Track client delivery intentions and report risks in line with exchange rules and internal policies.
- Process customer instructions, including preparing stop orders and issuing invoices.
Regulatory & Exchange Interaction
- Respond to exchange and regulatory inquiries, maintaining knowledge of rules, timelines, and cut-offs.
Process & Controls
- Maintain up-to-date procedures, checklists, and contact lists.
- Partner with internal teams and external stakeholders to support daily operations.
Required Qualifications & Skills
- 5 years of Futures & Options Operations experience across Clearing and Deliveries, with strong GMI knowledge and reconciliation skills.
- Knowledge of multiple exchange clearing and delivery platforms (e.g., LME, ICE, ECS, EUREX, EEX).
- Experience in a 24x6 global futures operations environment.
- Proficiency in Excel, Word, and Outlook.
- Strong attention to detail and follow-through on time-sensitive tasks.
- Understanding of exchange deadlines, contract expiry, and delivery processes.
- Strong communication skills with the ability to resolve issues effectively.
- Ability to escalate appropriately and manage competing priorities.
- Self-starter with integrity and a collaborative approach.
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