Back Office - Brokerage - EMEA Shift

Position Type

Full time

Type Of Hire

Experienced (relevant combo of work and education)

Brokerage (Analyst, Senior Analyst)

As the World works and lives faster, FIS is leading the way. Our Fintech Solutions touch nearly every market, Company and Person on the Planet. Our Teams are Inclusive and Diverse. Our Colleagues work together and celebrate together. If you want to advance the World of Fintech, we’d like to ask you~ Are you FIS?

About the Role~-

This Job requires key attention to detail, good understanding of Listed Derivatives Brokerage Settlement concepts like Futures & Options products traded in Global Exchanges, Give-Ups, Clients vs in-House Business, FIA Rankings, eRecs, GPS, Nostro breaks Management, Balance Sheet Substantiation, Financial Reporting, Aged Brokerage Management, Broker & Stakeholder Relationships, Breaks resolution in timely manner, etc. It also involves good understanding & robust execution of Brokerage Settlement with tools like eRecs, Atlantis, FIS Brokerage Manager and MS-Office suite

About The Team

The Brokerage team is responsible for brokerage receivable and payable for the execution and clearing of Listed Derivatives.

From a BAU perspective, pre-settlement duties entail sending invoices, reconciling all received invoices and resolving rate and trade validity disputes, physical settlement of agreed amounts, nostro break management, and management of all output from electronic settlement platforms. Post-settlement, the team reconciles all excess accruals and presents to the business for follow-up actions.

From a project perspective, the team engages in various tactical and strategic process improvements and system architecture changes. The team also handles one-off requests for information from the business and co-ordinates any accrual setup changes requested by the business.

What You Will Be Doing

Complete brokerage BAU responsibilities in a timely and accurate mannerEnsure team’s monthly brokerage cycle tasks are completed within the internal and market timelinesInvoicesFinance reportsManagement reportsDeliver on monthly SLA targets, striving to exceed where possibleAnalyze outstanding brokerage ageing profile and identify short/medium term targets to ensure adherence to SLAsPlan resource allocation across teams to execute targets and monitor capacity/utilization to ensure feasibility of plan executionEscalate and propose solutions regarding short and long term capacity concerns to FIS managersWork with utility management and other stakeholders to ensure that SLA breaches are closed out in a timely fashionTimely escalation of potential problem brokers to managementChange managementProactively identify areas for performance and control improvementsConstantly analyze productivity/output to identify potential enhancements or cost savingsArticulate business cases to management/change/IT to execute and deliver on suggested improvementsGuide/encourage team to propose solutions and take ownership of changesProvide excellent client serviceBuild strong relationships with all stakeholders (retained team/management/business)Co-ordinate timely response and resolution of all queriesEnsure accuracy and clarity in all deliverables to stakeholdersProvide constant feedback to stakeholders to improve our service offeringProvide an effective link between industry platform providers and the participant firm in terms of knowledge transfer and decision makingRisk managementMonitor controls and checks associated with tasks in SOPsConstantly analyze all activities to close potential risk gaps and implement preventative, and if not, then detective controlsEnsure timely escalation in event of a risk incidentBusiness/Industry landscape awarenessKeep abreast of all industry changes/advancements especially with regards to the development of industry tools and regulationsAwareness and communication of impact to utility management – generate action plans to develop positive outcomes/mitigate negative outcomes from changesUnderstand business risks/impact and escalate to management where necessary

What You Will Need

Minimum of 3-8 years of work experience in Futures/Options Brokerage Receivables and Payables function Comfortable using key industry platforms such as GMI, eGUS, eGAINS, eRECS and GPSFront to back understanding of the Brokerage function, upstream dependencies and how it impacts processes downstream, so that complex queries can be addressed accurately and in a timely mannerDetailed understanding of exchange traded derivatives (Futures/Options)High attention to detail and quality of outputs deliveredManage multiple simultaneous deliveries to tight deadlinesAnalytical and can solve problems quickly and innovativelyDynamic outlook, with the ability to adapt and change plans on the flyDelivery focused; results drivenExcellent communication and co ordinations skillsStrong client service focus

Qualifications

MBA in Finance or equivalent

Competencies

Skill in project management, organization, communications, analytical and people skillsSkill in leading, supervising and managing effectively under pressureAbility to be comfortable interacting and maintain positive working relationship with other stakeholdersAbility to analyze business needs and determine related information services supportAbility to manage activities and problem areasAbility to delegate tasks to qualified subordinates as appropriateAbility to lead, direct and manage effectivelyAbility to operate independentlyAbility to exhibit solid decision-making and problem-solving skillsAbility to communicate effectively verbally and in writingAbility to build strategic roadmap for the function and further expansion of scope of functionsAbility to contribute towards budget saving automation ideasAbility to meet conflicting priorities by ensuring effective prioritization and meeting the business demandsAbility to learn and practically apply latest technological development

Added Bonus If You Have

Experience in servicing large Global Financial Banking Firms & ClientsExperience in major Brokerage Transformation & Automation ProjectsExperience in Position & Cash Reconciliation for ETD & OTC DerivativesExperience in Trade Clearing & Lifecycle process for ETD & OTC DerivativesKnowledge of Front to Back Trade & Cash Settlement flows

What We Offer You

At FIS, you can learn, grow and make an impact in your career.

Extensive Health Benefits Program along with the Family Protection PlanBest-in-class career mobility options across the globeAward-winning learning offerings for career developmentAdaptable home - office work modelOpportunity to work with global teams and clients

Privacy Statement

FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.

Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

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