Clearing & Reconciliation Specialist

Overview:
Millennium is a global, diversified alternative investment firm, founded in 1989, which manages $83.5 billion in assets. Defined by evolution, innovation and focus, Millennium's mission is to deliver high-quality returns for our investors. Millennium seeks to empower talented professionals with the sophisticated expertise, resources and technology to pursue a diverse range of investment strategies across industry sectors, asset classes and geographies.

Function:

This role will support trading activity of portfolio managers trading listed Futures and Options on Futures.  The role will primarily focus on clearing & reconciliation, with primary responsibilities targeted towards T0 & T+1 Futures trade clearance and reconciliation. The candidate should have subject matter expertise in the intricacies of futures clearing, trade management, and position reconciliation.  The candidate should be open to working during NAM shifts.  Some late nights and weekends may be required.

Principal Responsibilities:

• Futures & Options on Futures trade clearance & management; specifically on NAM Exchanges (Chicago Board of Trade/Chicago Mercantile Exchange).

• Management of exchange reconciliations; Trade Blotter Reports; Unprocessed Trade Reports, CFTC Large Trader/Open Interest Reporting, and Expiring Position Reporting.

• Liaising with internal and external counterparties, to ensure timely settlement and clearance of Futures and Options on Futures trades.  Ensure positions are properly reflected in internal booking systems and on exchange front-end platforms.

• Initiate transfers of Futures & Options on Futures positions across FCMs & clearing brokers.  Manage the firm’s positions across counterparties on the exchange, specifically on NAM Exchanges.

• Coordinate amongst various internal and external stakeholders, to efficiently and effectively maintain controls, mitigate risk, and resolve trade/position related issues.

• Participate in ad-hoc projects/initiatives and work with colleagues across the firm to implement process changes/improvements.
   

Qualifications:

• Knowledge of Futures back-office clearing systems is a must: GMI/ION/Clearvision/CME Front-End Clearing (FEC)/CME Clearport/eDocs/OCR.

• Experience in Clearing Operations at a Broker/Dealer, Introducing Broker, Futures Clearing Merchant (FCM), large bank.

• Strong working knowledge of Microsoft Excel/Office.  Comfortable using Macros/Pivots & working with large data sets quickly and efficiently.

• Strong communication and interpersonal skills.

• Ability to implement and maintain new processes, procedures, and controls.

• Fast learner with the ability to multi-task and work under pressure to meet strict deadlines.

• Ability to work independently, with a strong attention to detail and ownership.