Futures Operations Manager
moomoo, Jersey City, NJ, United States
About Futu US Inc.
Futu US Inc. stands at the forefront of financial services, housing two SEC registered broker‑dealers alongside a cryptocurrency brokerage— all operating under the reputable wing of Futu Holdings Limited (Nasdaq: FUTU). Our core mission revolves around innovating the investing landscape through a digitized brokerage and wealth management platform designed to elevate the investment experience.
Office Location
Jersey City, NJ or Dallas, TX. Remote work is not available for this position.
About The Team & Role
The Futures Clearing Operations Manager is responsible for overseeing all clearing and settlement activities for U.S. futures transactions, ensuring compliance with regulatory requirements, mitigating risk, and optimizing operational efficiency. This role requires knowledge of futures clearing processes, margining, risk, reconciliation, and exchange regulations, particularly within U.S. markets.
What You’ll Do
Clearing & Settlement: Manage the daily clearing and settlement of futures trades, ensuring accurate and timely processing through the firm’s clearing relationships and exchange systems such as CME Group and its affiliated exchanges.
Margin & Collateral Management: Monitor margin requirements, process margin calls, and manage collateral movements as well as daily net settlements in accordance with exchange and regulatory guidelines. Maintain segregated balance requirements for affiliates and manage treasury‑related operations.
Reconciliation/Balancing: Oversee trade, position, and cash reconciliations with exchanges and internal systems to identify and resolve discrepancies. Manage daily balancing of futures activity and positions.
Regulatory Compliance: Ensure all clearing operations adhere to regulations set by the CFTC, NFA, and relevant exchanges (e.g., CME). Prepare regulatory reports and audits as required. Assist compliance with regulatory inquiries and requests related to relevant clearing systems/portals as well as operations procedures, functions, and processes.
Risk Management: Identify operational risks and implement controls to mitigate potential issues related to risk management, clearing, margining, and settlement.
Process Improvement: Develop comprehensive operating procedures and continuously evaluate and enhance clearing workflows to improve efficiency, accuracy, and automation.
Technology & Systems: Work with IT and vendors to onboard, maintain, and improve back‑office and risk management systems.
Client & Counterparty Management: Serve as the primary liaison with exchanges, management, vendors, and clients to resolve operational issues.
Team Leadership: Lead, manage, and train clearing operations staff, providing training and guidance on best practices as well as processes and functions.
Policies & Procedures: Responsible for creating and updating comprehensive policies and procedures for all aspects of futures trading, clearing, and settlement.
Requirements
Education: Bachelor’s degree in finance, business, economics, or a related field.
Experience: 8+ years of experience in futures clearing, trade settlement, or back‑office operations at an FCM, exchange, or clearing firm.
Knowledge:
Strong understanding of U.S. futures markets and clearing processes.
Familiarity with exchange margining methodologies and risk management principles.
Proficiency with clearinghouse systems (e.g., CME Clearing) and futures back‑office platforms.
Skills
Excellent analytical and problem‑solving abilities.
Effective communication and leadership/management skills.
Proficiency in Microsoft Excel, clearing systems, and risk management tools.
Preferred Qualifications
Experience with regulatory reporting requirements for FCMs.
Knowledge of automated clearing and reconciliation solutions.
Experience working with NFA and CFTC regulatory frameworks.
Required Licenses
FINRA Series 3 or ability to obtain within 3‑6 months of hire.
Benefits
Comprehensive Paid Medical Benefits: Robust medical benefits covering you and your dependents.
401(k) Employer Contribution: Matching contributions to help grow retirement savings.
Generous Paid Time Off & Paid Holidays: Take the time you need to recharge and pursue your passions.
Opportunities for Professional Growth & Development: Hands‑on learning, skill building, and cross‑functional work.
Performance Based Bonuses: Recognition of hard work through performance‑based bonuses that reward contributions to the team’s success.
Compensation
Base pay for a successful applicant will depend on a variety of job‑related factors, which may include education, training, experience, location, business needs, or market demands. The expected salary range for this role is
$125,000 - $155,000 . This role is also eligible to participate in our discretionary bonus plan.
Equal Opportunity Statement
Futu Holdings Limited, including all subsidiaries, is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
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Futu US Inc. stands at the forefront of financial services, housing two SEC registered broker‑dealers alongside a cryptocurrency brokerage— all operating under the reputable wing of Futu Holdings Limited (Nasdaq: FUTU). Our core mission revolves around innovating the investing landscape through a digitized brokerage and wealth management platform designed to elevate the investment experience.
Office Location
Jersey City, NJ or Dallas, TX. Remote work is not available for this position.
About The Team & Role
The Futures Clearing Operations Manager is responsible for overseeing all clearing and settlement activities for U.S. futures transactions, ensuring compliance with regulatory requirements, mitigating risk, and optimizing operational efficiency. This role requires knowledge of futures clearing processes, margining, risk, reconciliation, and exchange regulations, particularly within U.S. markets.
What You’ll Do
Clearing & Settlement: Manage the daily clearing and settlement of futures trades, ensuring accurate and timely processing through the firm’s clearing relationships and exchange systems such as CME Group and its affiliated exchanges.
Margin & Collateral Management: Monitor margin requirements, process margin calls, and manage collateral movements as well as daily net settlements in accordance with exchange and regulatory guidelines. Maintain segregated balance requirements for affiliates and manage treasury‑related operations.
Reconciliation/Balancing: Oversee trade, position, and cash reconciliations with exchanges and internal systems to identify and resolve discrepancies. Manage daily balancing of futures activity and positions.
Regulatory Compliance: Ensure all clearing operations adhere to regulations set by the CFTC, NFA, and relevant exchanges (e.g., CME). Prepare regulatory reports and audits as required. Assist compliance with regulatory inquiries and requests related to relevant clearing systems/portals as well as operations procedures, functions, and processes.
Risk Management: Identify operational risks and implement controls to mitigate potential issues related to risk management, clearing, margining, and settlement.
Process Improvement: Develop comprehensive operating procedures and continuously evaluate and enhance clearing workflows to improve efficiency, accuracy, and automation.
Technology & Systems: Work with IT and vendors to onboard, maintain, and improve back‑office and risk management systems.
Client & Counterparty Management: Serve as the primary liaison with exchanges, management, vendors, and clients to resolve operational issues.
Team Leadership: Lead, manage, and train clearing operations staff, providing training and guidance on best practices as well as processes and functions.
Policies & Procedures: Responsible for creating and updating comprehensive policies and procedures for all aspects of futures trading, clearing, and settlement.
Requirements
Education: Bachelor’s degree in finance, business, economics, or a related field.
Experience: 8+ years of experience in futures clearing, trade settlement, or back‑office operations at an FCM, exchange, or clearing firm.
Knowledge:
Strong understanding of U.S. futures markets and clearing processes.
Familiarity with exchange margining methodologies and risk management principles.
Proficiency with clearinghouse systems (e.g., CME Clearing) and futures back‑office platforms.
Skills
Excellent analytical and problem‑solving abilities.
Effective communication and leadership/management skills.
Proficiency in Microsoft Excel, clearing systems, and risk management tools.
Preferred Qualifications
Experience with regulatory reporting requirements for FCMs.
Knowledge of automated clearing and reconciliation solutions.
Experience working with NFA and CFTC regulatory frameworks.
Required Licenses
FINRA Series 3 or ability to obtain within 3‑6 months of hire.
Benefits
Comprehensive Paid Medical Benefits: Robust medical benefits covering you and your dependents.
401(k) Employer Contribution: Matching contributions to help grow retirement savings.
Generous Paid Time Off & Paid Holidays: Take the time you need to recharge and pursue your passions.
Opportunities for Professional Growth & Development: Hands‑on learning, skill building, and cross‑functional work.
Performance Based Bonuses: Recognition of hard work through performance‑based bonuses that reward contributions to the team’s success.
Compensation
Base pay for a successful applicant will depend on a variety of job‑related factors, which may include education, training, experience, location, business needs, or market demands. The expected salary range for this role is
$125,000 - $155,000 . This role is also eligible to participate in our discretionary bonus plan.
Equal Opportunity Statement
Futu Holdings Limited, including all subsidiaries, is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
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