ETDs Operations & Business Support Associate

ETDs Operations & Business Support AssociateNew York, United States of America

WHAT YOU WILL BE DOING

Responsibilities:

• Support day-to-day operational needs for Futures & Options oversight of product processing, exercise/assignment, corporate actions, clearing, and settlement.

• Oversight for reviewing reconciliations and balancing controls across all internal and external accounts and systems, provided by operations outsourced teams.

• Ensure proper Margin, Collateral calculations and monetary movements between our customers and the custodians we have a relationship with

• Resolve daily incidents in the activity, investigate breaks, ensure street-matching & comparison

• Partner with other Operations and Middle Office colleagues as well as business areas and internal stakeholders on issues and improvements.

Specialized Knowledge:

• Detailed understanding of “Self-Clearing” Listed Options (OCC) process and flows.

• Experienced in Exchange Traded Derivatives (ETDs) clearing process dealing with Central Counterparty Clearing House (CCPs), as well as Equity Self-Clearance and Settlement process (DTCC, NSCC/CNS).

• Proven track record implementing OCC, NSCC and DTCC memberships or CMTA agreements.

• Ability to work close to traders and sales in a fast-paced environment.

• Familiarity with the following systems considered a strong plus: ION XTP, CME/ICE clearing tools, Broadridge (IMPACT, BPS & OAES), OCC Encore, DTCC (Web Settlement & PBS)

Qualifications:

• Education Requirements: Bachelor's Degree or above (work equivalent will be considered)

• 5+ Years’ Experience Working at a Futures Commissions Merchant (FCM) and/or Self-Clearing Broker Dealer / Agency with activity on Listed Derivatives

• Ability to develop resolution to complex problems that require the frequent use of creativity.

• Excellent organizational, interpersonal, communicative and customer service skills.

• Exhibits an exceptional degree of ingenuity, creativity and resourcefulness in decision making and problem solving.

• Strong computer literacy skills (especially Microsoft Office)

• FINRA series SIE/99 (will be a plus), Not required

• Spanish Speaker (will be a plus), Not required 

Education:

• Bachelor's Degree or equivalent in Business or related field

Work Experience:

• Experience Working at a Futures Commissions Merchant (FCM) and/or Self-Clearing Broker Dealer / Agency with activity on Listed Derivatives, 5-9+ years

Skills and Abilities:

• Excellent communication, good organizational skills, and attention to detail

• Solid knowledge/skills of Microsoft Office Suite and various bank systems

• Ability to adapt quickly and be a team player

• Working knowledge in Capital Markets

• Ability to meet deadlines

• Strong knowledge of the Listed Derivatives products and markets

• Ability to review and interpret legal documentation supporting these products

• In depth knowledge of market initiatives to streamline and automate Middle Office support functions

• Knowledge of industry standards and best practices for Listed Derivatives

• Knowledge of Banking & Markets Regulations and Standard Practices

Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

For NYC Job Applicants: The base annual salary range for this position is $78,804-$112,125.  The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

English

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York

Organization: Santander US Capital Markets LLC

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO