Middle Office Operations Lead

IMC

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profile Job Location:

Chicago, IL - USA

profile Monthly Salary: USD 165000 - 195000
Posted on: 30+ days ago
Vacancies: 1 Vacancy

Job Summary

Middle Office Operations Lead

The Middle Office Operations Lead plays a pivotal role in overseeing critical daily processes that directly support trading activities and ensure the integrity of financial reporting. This position is responsible for position and trade reconciliation P&L reconciliation and trade support across a team of analysts ensuring accuracy timeliness and completeness in every task. Success in this role requires exceptional communication skills meticulous attention to detail and the ability to lead by example in a fast-paced trading environment.

Key Responsibilities

  • Oversee daily middle office operations including start-of-day reconciliation P&L reconciliation and trade support; ensure all breaks and discrepancies are resolved promptly
  • Manage mentor and develop a team of operations analysts dedicated to these core daily processes
  • Verify completion of daily checklists and ensure proper audit documentation for all operational tasks
  • Actively rotate into daily workflows to maintain a strong understanding of processes and serve as a second set of eyes for the teams output
  • Serve as the primary escalation point for trade discrepancies reconciliation issues and operational challenges impacting trading
  • Support internal and external audits with timely documentation and accurate responses
  • Collaborate on month-end reporting and deliverables
  • Own reconciliation and approval of complex invoices while guiding direct reports to process their assigned invoices accurately and efficiently
  • Provide ongoing training and guidance on operational procedures best practices and systems; maintain up-to-date documentation for all workflows
  • Partner with trading and technology teams to identify opportunities for workflow efficiencies process automation and improved controls
  • Develop data analysis and reporting solutions to address ad hoc operational needs
  • Proactively identify control gaps and implement effective safeguards in daily operations
  • Collaborate with the projects and solutions team to implement new processes for emerging business lines
  • Help projects and solutions team to provide feedback to our clearing firms on operational excellence

Qualifications and Skills

  • Bachelors degree in Finance Economics Mathematics or a related field
  • 10 years of experience in middle office or post-trade operations ideally within a trading firm or investment bank
  • Prior management and team leadership experience required
  • Strong understanding of financial products (equities derivatives fixed income futures etc.)
  • In-depth knowledge of the trade lifecycle and clearing processes
  • Proficiency in MS Excel SQL and reporting platforms (Qlik Tableau etc.); experience with relational databases required
  • Experience with programming languages such as Python is a plus
  • Excellent problem-solving organizational and communication skills
  • Ability to thrive under pressure and manage multiple priorities in a dynamic real-time environment
  • Has a Series 99 or 7 or is willing to obtain within first six months of hire

Please note that immigration sponsorship is not offered for this specific opening.

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time permanent positions are eligible for a discretionary bonus and benefits including paid leave and visit Benefits - US IMC Trading for more comprehensive information.

Salary Range
$165000$195000 USD

About Us

IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989 weve been a stabilizing force in financial markets providing essential liquidity upon which market participants depend. Across our offices in the US Europe Asia Pacific and India our talented quant researchers engineers traders and business operations professionals are united by our uniquely collaborative high-performance culture and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies and from developing an innovative research environment to diversifying our trading strategies we dare to continuously innovate and collaborate to succeed.

Middle Office Operations LeadThe Middle Office Operations Lead plays a pivotal role in overseeing critical daily processes that directly support trading activities and ensure the integrity of financial reporting. This position is responsible for position and trade reconciliation P&L reconciliation a...
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Key Skills

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About Company

IMC

0-50 employees

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IMC is where the brightest minds in trading, technology, and quant research come together to solve the industry’s greatest challenges. Explore careers with us.

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