BCI - Brokerage Consultants Ltd.

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Brokerage Consultants - Financial Recruiting

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They run deep. Since our inception we've kept our focus trained exclusively on the financial industry, and we've built a vast network of contacts in the process. Let us put those resources to work for you. We'll connect you with the most current job openings at the most desirable companies in Chicago or nationwide.

Job Order:
794-1943

Job Type:
Temporary

Title:
Balancer ? Temporary Position (794-1943)

Location:
Chicago Loop

Description:
Summary/Responsibilities:
Diversified financial services firm seeks a Balancer to join their Futures
division.
Allocate top day trades using a combination of exchange systems, back office
accounting system, and middleware allocation system.
Research/ rectify daily trade breaks and re-allocations for clients
Liaise with other firm personnel to rectify trade discrepancies for clients
Run automated trade reconciliations for top tier clients to identify/rectify
discrepancies top day
Perform daily closeouts for Instruct and Omnibus accounts
Reconcile/respond to Large Trader and Open Interest discrepancies identified
by regulators
Delivery Long Date reporting to exchanges
Manage the orderly liquidation of client positions prior to and during
delivery periods
Daily Delivery processing including sending notices to clients, sending
notices to exchanges (where required) and accurately processing delivery
trades to the back office system.
Daily Cash Settlement processing including sending notices to clients and
accurately processing cash settlements in the back office system.
Management of Option expirations including sending notices to clients,
accurately processing expirations in the back office system.
Assist in Static Maintenance on back office system (GMI) including:
Setting up new products
Adding price records for new products
Adding last trade date records for new products
CME, CBOT, NYMEX, COMEX, ICE US, ICE Europe Exchange position, trade and
equity Reconciliations
Carry Broker position, trade and Equity Reconciliations across multiple
overseas exchanges
Assist in Static Maintenance on back office system (GMI) including:
Setting up new products
Adding price records for new products
Adding last trade date records for new products
Point balance maintenance
Timely and accurate processing of trade adjustments to client accounts

Experience Requirements:
CME Group Applications; FEC, Clearing 21, Document direct
ICE US Applications; ECS, PTMS, ACT
ICE EUROPE Applications; ECS, AFTS, CRYSTAL REPORTS
GMI, R&N
Clearvision, Fastfill (or other middle-office trade allocation systems)
MS Office Applications such as Excel, Access, Word
Ability to navigate around exchange systems and extract data required to
complete various position, trade and fee reconciliations and investigations.
Experience using automated trade and position reconciliation systems,
including ability to maintain static and translation tables.
Liaise with internal IT support/external vendor support to raise, explain
and resolve issues relating to various systems failure or exceptions.
Liaise with internal IT support/external vendor support to confidently
communicate the development and improvement of systems used to reconcile
trade, positions and fees.


Category:
Stock Exchanges

Contact:
tony@bcius.com