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Listed Derivatives Operations Manager (0184)

The Role

To manage multiple teams that support MCM’s agency execution business of exchange traded derivatives. Diverse management role overseeing post execution activities for MCM’s agency execution business from allocation to invoicing. Responsible for the oversight of MCM global brokerage collection process.

Responsibilities

Duties to include, but are not limited to:

Oversight of the global financial futures middle office team where the team will be engaged in;

  • Management of static data between order management systems and middle office systems
  • Oversight and management of post trade allocations
  • Trade reconciliations
  • Error account monitoring
  • Liaising with e-trading support on set-up of new brokers and direct market access trading clients
  • Liaising with Exchanges on upgrades and new products developments
  • Liaising with MCM’s third party brokers and clearers to ensure and maintain high quality services

Oversight of Aged Debt management where the team will be engaged in;

  • Providing assistance to the Front Office and Documentations teams to on board new relationships.
  • Management of the static data set up in both internal and external systems
  • Recording of daily volume against the correct parties for billing
  • Creation and distribution of invoices post month end reconciliations
  • Making calls to debtors to establish the reason for non-payment.
  • Logging the result of all calls made.
  • Investigation of trade discrepancies that may be preventing payment.
  • Prioritising calls to debtors.
  • Escalating disputes to management where applicable
  • Provision of regular reports to brokers detailing outstanding debt for their clients and appropriate aging.
  • Allocation of funds received to the appropriate debtor accounts on a timely basis.

Oversight of Payables where the team will be engaged in;

  • Trade capture of all trades executed externally and claimed by MCM.
  • Processing invoices received and raising payments once reconciled.

 

Skills & Qualifications

  • Proven management experience
  • Extensive listed derivatives operations experience gained at Investment Bank or Broker
  • Knowledge of TEO, LISA, GMI, Atlantis, DOCS and GPS would be advantageous
  • Self-motivated and good interpersonal skills essential
  • Demonstrated ability to motivate and manage staff

Who We Are

Established in 1783, ED&F Man is an employee-owned agricultural commodities merchant with 7,000 people in 60 countries and annual revenue in excess of $10bn.  We trade sugar, coffee, molasses, animal feed, grains and pulses. We help our counterparties manage price risk through hedging and provide access to commodity and capital markets through our brokerage business.

Our global financial brokerage blends the heritage and experience of ED&F Man with our capital markets expertise. Our business ethos centres on integrity, trust, client care and astute risk management. We execute orders for institutional investors, hedge fund managers and professional traders across a broad range of asset classes including: metals; ags & softs; energy; foreign exchange; equities; fixed income; and futures & options.

Our services include trade processing, clearing, execution, market making and agency based electronic and voice brokerage. Using our world-class IT infrastructure, we also offer specialised connectivity, hosting, network and infrastructure services to firms seeking optimised low latency derivative trading and clearing solutions. Our strong capital base and balance sheet enable us to offer stability, assurance and strength.

Essential Behaviours

Here at ED&F Man we are guided by our five company values: Respect, Integrity, Meritocracy, Client Focus and Entrepreneurship.

Our values are underpinned by a set of essential behaviours, which form part of our performance management approach.  Delivering on our objectives is very much about ‘what’ we do, but these essential behaviours also provide a guide and measure for ‘how’ we do things.

As part of the annual performance review, all employees are measured either against a set of five Leadership Essentials if you are a people manager or four Performance Essentials if you are an individual contributor.

Leadership
Essentials

1. Drives Innovation
2. Leads People
3. Delivers Results
4. Collaborates
5. Manages Resources

Performance
Essentials

1. Drives Innovation
2. Leads People
3. Delivers Results
4. Collaborates
 

Equal Opportunities Statement

ED&F Man is committed to promoting equal opportunities in employment.  All qualified applicants will receive equal treatment without regard to race, colour, sex, gender, age, religion or belief, ethnic or national origin, marital or civil partner status, physical or mental disability, military or veteran status, sexual orientation, gender reassignment (identity, gender expression), genetic information or any characteristic protected by local law.  


 
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Location
London
3 London Bridge Street, London, United Kingdom, SE1 9SG
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  • Web Division Group:
    Capital Markets
  • Vacancy Type:
    Permanent
  • Closing Date:
    17 January 2019
  • Location - City:
    London
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