Senior Client Service Specialist - Listed Derivatives (Futures)
Banking operations processing Permanent contract Chicago, Illinois, United States Hybrid Salary from 81,000 to 250,000 Reference 25000FM6 Start date 2025 / 10 / 31 Publication date 2025 / 07 / 28
Responsibilities
The CFM team handles middle and back-office functions for the (PSC) business lines, which include prime services, commodity clearing and global execution services.
The CFM team manages the operational, administrative, financial market processing, and clearing for over 80 exchanges globally. The team is held to the highest of standards, ensuring the client requirements are prioritized equally against market exposure. In addition, the CFM team guarantees the control and security of transaction processing in accordance with current financial legislation.
- The execution and clearing controls of all operations performed by FO and clients
- The first level of control on operations and "quality" certification
- Customer Relationship Management, KYC, and all support during the life cycle of client trading activity
- Keep clients informed of all regulatory changes impacting operations
Profile required
Client Facing Middle Office main responsibilities and tasks
Primary point of contact for clients regarding all operational queries for Listed Derivatives. This includes but is not limited to queries on trades and position management, client reporting, commissions and fees, regulatory topics and any ad-hoc queries that may arise during client’s activity with SG. Cash and collateral management will be handled directly by the MTR CCR team, although middle office may be involved if the client requires escalation in this areaMonitor and communicate with clients all trade life cycle events, allocations, breaks, transfers, expiry / market intentions until resolution.Co-ordinate upcoming expiries with clients to ensure full client intentions are known leading up to expiry, and then managing the delivery process in conjunction with the deliveries teamMonitor physically delivered products at expiration; liaise with deliveries teams to ensure positions are accurately reported at the CCP.
Manage client queries pertaining to trade life cycle and position reportingCorrect exceptions on execution trades to ensure all activity is properly allocatedOperational / escalation point of contact for clients with the responsibility of maintaining and growing relationshipsResponsible for client bookings in relevant product databases versus external clearing houses / systemsPreform and monitor key end of day controls to ensure that all risks are mitigatedFully understand booking rules and their impact on risk to firm during trade lifecycleProcess and monitor post-execution allocation of all listed derivative transactionsProactively contact Brokerage Desks / Trading Assistants / Client Trade Support groups throughout the day to ensure bunched order allocations are received prior to the clearing house cut-off timesMonitor & accept give-in trades from other FCM’s for clearing accountsEstablish and assist with client check outs as neededMaintain accurate static data between clearing systems to allow straight-through-processingDevelop action plans for recurring incidents, prepare post-mortems as requiredIdentify / analyze / rectify issues related to the flow of information and data into the relevant systemsInvestigate and resolve daily trade breaks and escalate when needed.Process client position transfers ensuring all approvals and procedures have been capturedResponsible for operational client onboarding and introduction of client to support teamsContinuous interaction with clients to improve their experience with SG, partnering with clients on process improvements (SG and client side) and automations where possibleAbility to set up client users and standard client reporting in the SG Markets Prime portalCapable of presenting system demos for clientsInteract and support the SG front office through participation in forums such as business committees, client onboarding discussions and ongoing client profitability analysisMonitor internal controls in order to manage the key risk areasMonitoring of key KPI to ensure that risks are being controlled appropriately and any trends are reported and action plans are establishedMonitor operational risks ( exceptions follow-up, pending trades, top day / historical). Ensure key risk items have been tracked, monitored, and resolved.To participate in (or lead where applicable) any projects that impact the ETD productsParticipate in Global and Regional communities to share best practices