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Overnight Trade Support Consultant
Job in
Chicago, Cook County, Illinois, 60290, USA
Listed on 2026-06-18
Listing for:
Phaxis
Full Time
position Listed on 2026-06-18
Job specializations:
-
Finance & Banking
Banking & Finance
Job Description & How to Apply Below
Pay Rate up to $71.00 Key Responsibilities
- Ensure all futures and options trades are cleared, allocated, and booked accurately in client accounts on trade date.
- Liaise with exchanges, carrying brokers, and clients to resolve trade breaks, allocation issues, and exceptions in a timely manner.
- Process expiring options and maintain accurate static data setups in GMI and middle‑office systems.
- Oversee the complete post‑trade delivery process, handling everything from contract expiration to delivery notices and physical settlements at global exchanges such as ICE GASOIL, IFAD Murban Crude, and LME.
- Track clients' intentions regarding deliveries and promptly report any associated risks in accordance with exchange regulations and internal policies.
- Process customer instructions for approved products being delivered, including preparing stop orders and issuing invoices.
- Respond promptly to exchange and regulatory inquiries, maintaining strong knowledge of exchange rules, clearing and delivery timelines, and cut‑offs.
- Maintain up‑to‑date procedures, checklists, and contact lists.
- Partner closely with internal teams (Front Office, Credit Risk, Treasury, Compliance) and external stakeholders to ensure smooth daily operations.
- 5+ years of Futures & Options Operations experience, covering Clearing and Deliveries, with strong hands‑on GMI knowledge and strong reconciling skills.
- Working knowledge of multiple exchange clearing and delivery platforms, including LME, ICE (FEC / FEC+), ECS, EUREX, EEX, or similar.
- Prior experience supporting a 24x6 global futures operations environment.
- Strong proficiency in Excel, Word, and Outlook.
- Excellent attention to detail with proven follow‑through on time‑critical deliverables.
- Strong understanding of exchange deadlines, contract expiry processes, delivery mechanism.
- Effective written and verbal communication skills, with the ability to clearly articulate issues and drive resolution.
- Demonstrated ability to elevate issues appropriately and manage competing priorities under tight deadlines.
- Self‑starter with a growth mindset, strong integrity, and a collaborative, team‑oriented approach.
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