ROLE PURPOSE
The Exchange Traded Derivative 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
Skills Required
- 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 various trading and clearing platforms
- 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
What We Do
Market Securities is one of the largest independent financial intermediaries in the world, providing institutional investors and experienced trading teams with superior market access, research, price discovery, and liquidity across asset classes. With desks specializing in equities, fixed income, FX, structured products, and derivatives, we connect investment banks, hedge funds, proprietary trading firms, and asset managers to the markets they need, with precision, speed, and a broker-first mindset. Our teams operate from eight key financial centers across Europe, North America, and Asia: London, New York, Paris, Madrid, Monaco, Dubai, Hong Kong, and Geneva. We also provide access to the Group’s Organised Trading Facilities in the EU and the UK. Founded by seasoned professionals, Market Securities is built on discretion, integrity, and independence, offering cross-asset solutions tailored to the needs of institutional clients.
