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Middle Office Manager (Operations and Settlement)

7 - 9 years

0 Lacs

mumbai maharashtra india

Posted:4 days ago| Platform: Foundit logo

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Skills Required

regulatory reporting cash management trade settlement risk management

Work Mode

On-site

Job Type

Full Time

Job Description

At Optiver, you will find an environment of collaboration and passion for solving challenging problems. As a technology-enabled market maker, we combine diverse skill sets, unique minds and a desire to be better. Our operations team plays a critical role in enabling the firm's trading activities through robust processes, controls, and partnerships. That's where you come in.In this role, you will be responsible for setting up and managing Optiver India's Operations function, ensuring seamless clearing, settlement, collateral, and regulatory processes to support our business across asset classes. You will work closely with internal stakeholders and external partners to build and maintain a best-in-class operations platform.

What You'll Do

As a

Middle Office Manager

, you'll work alongside a passionate team of specialists, focusing on key areas that ensure Optiver's trading activities run smoothly and securely. Responsibilities include:
  • Setting up and managing the operations function to support business activities in Equity Derivatives, Currency Derivatives, Equity Cash Segments, and eventually Commodities Derivatives.
  • Working with internal stakeholders and external vendors to design and implement appropriate systems, processes and controls for trade settlement and risk management.
  • Establishing and managing processes for day-to-day clearing and settlement of funds/securities with clearing members, stock exchanges and clearing corporations.
  • Managing Collateral (cash, bank guarantees, government securities) with clearing members and clearing corporations.
  • Ensuring accurate reconciliation of trades and positions with clearing members and clearing corporations, along with bank, DP account and CSGL account reconciliations.
  • Overseeing cash management activities including fund transfers for margins, settlement obligations and fees.
  • Leading regulatory reporting processes and coordinating periodic regulatory audits.
  • Coordinating yearly statutory and ICFR audits, ensuring key controls in the trade life cycle are in place and effective.
  • Building and maintaining relationships with stock exchanges, clearing corporations, banks, depository participants and CSGL custodians.

What You'll Get

You'll join a culture of collaboration and excellence, where you'll be surrounded by curious thinkers and creative problem solvers. Driven by a passion for continuous improvement, you'll thrive in a supportive, high-performing environment alongside talented colleagues.In return for your expertise, you'll receive a range of benefits, including:

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