Summary:
Futures Exchange Fee Reconciliation specialist will maintain the exchange fee setup (updates/maintenance) in GMI and conduct monthly exchange fee reconciliation ensuring that all exchange fees charged by the exchanges and the carrying brokers are accurately reconciled with the firm’s internal records. This includes reviewing and analyzing fee discrepancies or errors and working to resolve any issues. The specialist will also be responsible for maintaining detailed records of all fee transactions and communicating with internal stakeholders to provide updates on fee reconciliations and changes. Additionally, the specialist will be responsible for maintaining static data related to exchanges fees, including membership, fee incentive programs, and other relevant information in the firm’s systems to ensure that the firm remains compliant with exchange regulatory requirements related to exchange fees.
Major Responsibilities:
- Maintain the exchange fee setups in GMI.
- Conduct monthly fee reconciliation. Reconciliation include, but not limited to BPS, CME group, ICE Europe, ICE US, LME, Nodal, EEX, Montreal, MGE, TOCOM exchanges, NFA.
- Communicate and pass on any fee adjustments or rebates to clients after completing the reconciliation.
- Research and provide resolution on any unreconcilable items and complex requests related to all components of the fee setups and allocation process.
- Provide documentation of reconciliation for the purpose of supporting changes to fee schedules and fee accruals.
- Assist in the development of standards, procedures, and internal controls around fee reconciliation activities.
- Assist in external and internal audit questionnaires and requests.
- Other duties as assigned or needed.
Qualifications/Skills:
- A Futures Exchange Fee Reconciliation specialist should possess extensive operational knowledge.
- Strong understanding of exchange fees, exchange memberships, BPS, and GMI.
- Strong experience with excel
- Proven skills in extending professional service to our clients and taking ownership of issues.
- Excellent follow-through, attention to detail and interpersonal skills to communicate across multiple aspects of the organization at various senior levels is required.
- Dynamic & proactive team player with the ability to identify process inefficiencies to improve capacity, efficiency, and control.
- Excellent written and verbal communication skills.
- Ability to work accurately and effectively under pressure.
- Strong time management skills required to meet time critical deadlines and priorities.
- This position may require working public holidays.
Personal Attributes
- Superior organizational skills with strong attention-to-detail.
- Excellent interpersonal, verbal and written communication skills.
- Self-starter with a proven ability to take initiative.
- Strong work ethic and the ability to quickly build credibility and gain confidence of others.
- Team-oriented with strong integrity and professionalism.
The expected base salary ranges from $85,000 - $150,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
Other requirements
Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.
Company Overview
Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.
Mizuho Americas offers a competitive total rewards package.
We are an EEO/AA Employer - M/F/Disability/Veteran.
We participate in the E-Verify program.
We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.
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Skills Required
- Extensive operational knowledge in futures/exchange operations
- Strong understanding of exchange fees, exchange memberships, and BPS
- Experience with GMI (fee setup and maintenance)
- Strong Excel skills
- Proven client service skills and ownership of issues
- Excellent attention to detail and follow-through
- Ability to communicate across the organization at various senior levels
- Ability to identify process inefficiencies and improve controls
- Ability to work accurately under pressure and meet time-critical deadlines
- Willingness/ability to work public holidays as required
