Futures Clearing - Operations- VP/Director

Posted 2 Days Ago
Be an Early Applicant
Chicago, IL, USA
In-Office
100K-175K Annually
Senior level
Financial Services
The Role
Lead futures clearing operations across global exchanges, ensuring trades are accurately cleared, allocated, booked, and reconciled. Resolve issues with exchanges, brokers, and clients; oversee back-office systems; support automation and process improvement initiatives; guide team members; and maintain compliance with regulatory and audit requirements. The role works closely with Front Office, Compliance, Risk, and Operations teams and requires coverage of a 12–8 p.m. shift and rotating US holidays.
Summary Generated by Built In

Futures Division clears 30 Exchange globally and reconciles over 70+ balancing sheets. Clearing team is responsible for managing all clients and executing brokers cleared trades and requires a strong and motivated Director with in-depth understanding and a subject matter expert on Clearing processes. 

 

Responsibilities: 

  • Ensure all trades are cleared, allocated and booked correctly in client account on trade date 

  • Liaise with Exchanges, carry brokers and clients on trade issues & ensure prompt resolution 

  • Master firms’ back-office systems and middleware viz GMI, LISA, DUCO, RPA etc. 

  • Assist Clearing manager to lead and manage projects, drive automation and streamline Clearing processes including new business initiatives on top of daily operational activities 

  • Provide guidance and assistance to team members and help them resolve issues which require clear and in depth understanding of the process 

  • Keeps abreast of the latest industry and regulatory developments including prompt replies to Exchange, Regulators and Auditors. 

  • Work closely with Operations team & other Departments viz Front Office, Compliance, Risk etc. 

  • Cover 12  8 pm shift to ensure seamless end of day processing  

  • Flexible to work on US Holiday on rotational basis 

Qualifications/Skills 

  • 5-10 years of relevant experience including working knowledge of GMI, LISA & DUCO 

  • Firm understanding of Futures & Options trade life cycle and expertise in break resolution  

  • Well-developed management skills and relevant experience managing operational functions 

  • Proficiency in Excel, Word, and Outlook 

  • Excellent follow-through and attention to detail. 

  • Dynamic & proactive team player with the ability to identify process inefficiencies to improve capacity, efficiency, and control. 

  • Self-starter with a proven ability to take initiative. 

  • Team-oriented with strong integrity and professionalism. 

  • Proper escalation of issues. 

  • Strong time management skills are required to meet time critical deadlines and priorities. 

  • Effective verbal and written communication skills; notably the ability to clearly articulate issues and influence resolution. 

  • Have a growth mindset 

 

The expected base salary ranges from $100,000- $175,000 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.

#LI-MIZUHO

Skills Required

  • 5–10 years of relevant experience
  • Working knowledge of GMI, LISA, and DUCO
  • Strong understanding of the Futures and Options trade lifecycle
  • Expertise in trade break resolution
  • Experience managing operational functions
  • Proficiency in Microsoft Excel, Word, and Outlook
  • Excellent follow-through and attention to detail
  • Ability to identify process inefficiencies and improve capacity, efficiency, and control
  • Strong time management skills to meet time-critical deadlines
  • Effective verbal and written communication skills
  • Ability to properly escalate issues
  • Team-oriented approach with integrity and professionalism
  • Self-starter with initiative and a growth mindset
  • Flexibility to work a 12–8 p.m. shift
  • Flexibility to work US holidays on a rotating basis

Mizuho Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Mizuho and has not been reviewed or approved by Mizuho.

  • Healthcare Strength Medical, dental, and vision coverage are characterized as strong, with plans described as excellent in multiple contexts. U.S. entities provide standard plan options and supporting programs that reinforce overall coverage quality.
  • Retirement Support A U.S. 401(k) program with employer contributions is available, indicating solid retirement support across entities. While formulas may vary by unit and year, the presence of an employer-funded component is a consistent feature.
  • Parental & Family Support Paid parental leave is described as meaningful, accompanied by programs that support childcare and eldercare. Flexible workstyles and family-focused resources broaden the depth of family support.

Mizuho Insights

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The Company
HQ: Tokyo
8,826 Employees
Year Founded: 2001

What We Do

This is not your typical financial institution. It’s our people who make us a cut above. Here, every person is respected because of their differences, not in spite of them. We pride ourselves on a culture of purpose, passion and compassion. At Mizuho, we provide the stability of an international industry leader with the career trajectory of a growing business. Our steady, strategic growth gives our people at all levels rewarding degrees of responsibility and a richer work experience than a boutique firm or an established giant could offer alone. Working for Mizuho opens doors not just to a rewarding career with excellent prospects, but to lasting friendships with colleagues from diverse cultures. It’s the local expertise of our employees that makes our global network so powerful. By collaborating with colleagues and clients who have your same ambition, you can amplify your sphere of influence and base of knowledge as part of one of the largest—and growing—banks in the world. We’re all global citizens, and that’s why our company feels compelled to make an impact through more than just drawing up deals. We prove that it’s possible to do well and do good. We do right by our clients, our community and each other.

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