ROLE PURPOSE

The Derivatives Operations Manager oversees the end-to-end operational infrastructure supporting Exchange Traded Derivatives (ETD), FX Derivatives and OTC Derivatives within a global broker dealer servicing institutional clients. The role combines BAU management with a clear mandate to evolve processes, controls and performance metrics.

KEY ACCOUNTABILITIES

Operational oversight

• Own BAU operations across ETD, FX and OTC workflows
• Act as primary escalation point and step in to support resolution where required
• Ensure consistent performance across global operational workflows

Process improvement

• Identify inefficiencies and implement improved workflows and controls
• Develop and enhance KPIs and performance metrics
• Lead change initiatives and system/workflow enhancements

Team management

• Manage operations teams across ETD, FX and OTC
• Ensure effective coverage and handovers across shifts (European and U.S. hours)

Control & systems

• Maintain and enhance controls across the full trade lifecycle
• Oversee reconciliations, static data management and reporting accuracy
• Administer users, access, limits and configurations across operational platforms

FUNCTIONAL COVERAGE

ETD

• Trading systems & exchange connectivity
• Confirmation (UTS, Traiana, TEO)
• Clearing workflows & give-up process
• Exchanges: Eurex, ICE, CME, Euronext, LME
• Crypto venues: Deribit, Bullish

FX Derivatives

• Spot, Forwards, Options, Swaps
• Prime broker workflows
• Integration with ETD infrastructure
• Agile / Markit

OTC Derivatives

• Options, IRS, TRS, Sec Lending, Repo
• Internal OTF & third-party SEF
• Post-trade lifecycle processing
• MarkitWire

KEY SYSTEMS

• Trading & execution: TT, Fidessa, exchange GUIs, US platforms (Trafix, WEX, DASH), Deribit, Bullish
• Clearing: ION XTP, LISA, Clearvision, CME FEC, Eurex C7, ICE Clearing
• Confirmation: UTS, Traiana, TEO
• Trade processing: QTM, give-up workflows, clearing feeds
• Reconciliation & control: Duco
• Regulatory & reference: ANNA DSB, TRAX, Docs

CANDIDATE PROFILE 

• Solid experience in derivatives operations within a broker dealer or financial institution
• Strong cross-asset knowledge: ETD, FX and OTC products
• Proven experience within an FCA regulated broker dealer or clearing environment
• Hands-on familiarity with the platforms listed above (or equivalent)
• Proven ability to manage operational teams across multiple shifts and time zones
• Track record of process improvement and KPI development
• Clear communicator with front office, clearers, exchanges and vendors
• Fluent English required