The Derivatives Operations Manager oversees operational processes for Exchange Traded, FX, and OTC Derivatives, focusing on efficiency, team management, and system enhancements.
ROLE PURPOSE
The Exchange Traded Derivative Operations Manager oversees the end-to-end operational infrastructure supporting Exchange Traded Derivatives (ETD), FX Derivatives and OTC Derivatives within a global broker dealer servicing institutional clients. The role combines BAU management with a clear mandate to evolve processes, controls and performance metrics.
KEY ACCOUNTABILITIES
Operational oversight
- Own BAU operations across ETD, FX and OTC workflows
- Act as primary escalation point and step in to support resolution where required
- Ensure consistent performance across global operational workflows
Process improvement
- Identify inefficiencies and implement improved workflows and controls
- Develop and enhance KPIs and performance metrics
- Lead change initiatives and system/workflow enhancements
Team management
- Manage operations teams across ETD, FX and OTC
- Ensure effective coverage and handovers across shifts (European and U.S. hours)
Control & systems
- Maintain and enhance controls across the full trade lifecycle
- Oversee reconciliations, static data management and reporting accuracy
- Administer users, access, limits and configurations across operational platforms
FUNCTIONAL COVERAGE
ETD
- Trading systems & exchange connectivity
- Confirmation (UTS, Traiana, TEO)
- Clearing workflows & give-up process
- Exchanges: Eurex, ICE, CME, Euronext, LME
- Crypto venues: Deribit, Bullish
FX Derivatives
- Spot, Forwards, Options, Swaps
- Prime broker workflows
- Integration with ETD infrastructure
- Agile / Markit
OTC Derivatives
- Options, IRS, TRS, Sec Lending, Repo
- Internal OTF & third-party SEF
- Post-trade lifecycle processing
- MarkitWire
KEY SYSTEMS
- Trading & execution: TT, Fidessa, exchange GUIs, US platforms (Trafix, WEX, DASH), Deribit, Bullish
- Clearing: ION XTP, LISA, Clearvision, CME FEC, Eurex C7, ICE Clearing
- Confirmation: UTS, Traiana, TEO
- Trade processing: QTM, give-up workflows, clearing feeds
- Reconciliation & control: Duco
- Regulatory & reference: ANNA DSB, TRAX, Docs
CANDIDATE PROFILE
- Solid experience in derivatives operations within a broker dealer or financial institution
- Strong cross-asset knowledge: ETD, FX and OTC products
- Proven experience within an FCA regulated broker dealer or clearing environment
- Hands-on familiarity with the platforms listed above (or equivalent)
- Proven ability to manage operational teams across multiple shifts and time zones
- Track record of process improvement and KPI development
- Clear communicator with front office, clearers, exchanges and vendors
- Fluent English required
Market Securities Group City of London, England Office
Rue de Lausanne 17, City of London, Switzerland, 1201
Market Securities Group London, England Office
55 Baker Street, London, United Kingdom
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