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Middle Office Manager (Product Control)

5 - 7 years

0 Lacs

mumbai maharashtra india

Posted:1 week ago| Platform: Foundit logo

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Skills Required

commodities derivatives equity cash segments middle office product control regulatory reporting settlement processes currency derivatives equity derivatives

Work Mode

On-site

Job Type

Full Time

Job Description

At Optiver, you'll find an environment built on collaboration, curiosity, and continuous improvement. As a leading global, tech-driven trading firm, we combine diverse skill sets, unique minds and a shared drive to improve the market. Our Middle Office team plays a crucial role in ensuring the integrity of trading positions, the accuracy of P&L reporting, and the effectiveness of our control environment. That's where you come in.In this role, you will lead and execute Optiver India's Middle Office function, supporting trading activities across multiple asset classes. You'll work closely with global and regional teams across Trading, Risk, Finance, and Technology to ensure accuracy, efficiency and control in all post-trade processes. This is an opportunity to help establish and scale a key function in our growing India office, while contributing to Optiver's broader APAC operations.

What You'll Do

As the

Middle Office Manager (Product Control)

, you'll be responsible for setting up and managing Optiver India's Middle Office operations. Your focus will be on ensuring strong control, accurate reporting, and effective stakeholder management. Key responsibilities include:
  • Setting up Optiver India's Middle Office function to support trading activities in Equity Derivatives, Currency Derivatives, and Equity Cash Segments, with future expansion into Commodities Derivatives.
  • Executing, reporting, and explaining daily P&L in line with Product Control policies.
  • Validating and maintaining ownership of the trading balance sheet and positions in accordance with Product Control standards.
  • Ensuring trades, positions, and cash balances are reconciled daily against clearers and resolving breaks promptly.
  • Establishing and managing day-to-day settlement processes, including the settlement of funds and securities with clearing members, stock exchanges, and clearing corporations.
  • Understanding and managing key risks within the Middle Office function, ensuring a robust control framework is in place.
  • Leading monthly P&L accounting close in the general ledger system.
  • Partnering with IT and regional teams on reconciliation system development and process improvements to drive efficiency and accuracy.
  • Designing and maintaining controls for new business initiatives, and continuously improving existing processes.
  • Supporting trading teams with ad hoc requests, financial analysis, and operational insights.
  • Managing regulatory reporting processes and coordinating periodic regulatory and statutory audits (including ICFR audits).
  • Collaborating with regional APAC Middle Office teams to share best practices and ensure consistency across locations.

What You'll Get

You'll join a culture of excellence and collaboration, where innovation and teamwork drive everything we do. We believe that great ideas can come from anyone, and that impact is maximised when diverse perspectives come together.In return for your expertise, you'll receive:

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