Interactive Brokers LLC ('IB") seeks a Junior-Level Operations Associate to join our Clearing Department. The Associate will be expected to operate, enhance and test the group’s constantly evolving, proprietary back office system. Analysis of trade data, settlement risk and other operational risk assessment will be an ongoing responsibility. The ideal candidate will be able to interface seamlessly with internal and external customers, counter-parties and clearing organizations. All associates are expected to focus on automated solutions to complex problems of varying degrees. Skills required include the ability to learn to work with sophisticated computer systems developers, eventually including the creation of business specifications for new or enhanced system functionality and new product support.
IB is looking for an individual to control the reconciliation processes of a broad range of products, venues and clearing locations on a daily basis. Specific products include: stock, fixed income securities, forex, options, and futures.
IB's proprietary reconciliation systems automatically analyze, compare and match data based on numerous criteria. This leaves only exception based issues to be handled and the Associate will be relied upon as a specialist to address these exceptional issues. There will be frequent communication with exchanges, electronic communication networks (ECNs), interbank dealers and clearing organizations to resolve trading discrepancies. The Associate will be required to compile weekly, monthly and quarterly regulatory reports.
The Associate will be expected to constantly evaluate systems and processes to identify inefficiencies and to interface with our software developers to recommend system improvements. This includes improvements to our proprietary systems as well as systems that interface with external third-parties.
Bachelor's degree in Finance, Economics or Mathematics preferred.
Strong problem solving and analytical skills
Excellent attention to detail
Strong organizational skills
Ability to prioritize a heavy workload within time constraints
Proficient computer skills and experience using Microsoft Excel and Word and must possess the ability to use these tools to present data clearly and concisely
Interactive Brokers ("IBKR"), a subsidiary of publicly-traded Interactive Brokers Group, Inc., based in Greenwich, Connecticut (NASDAQ: IBKR) is a low-cost provider of trade execution and clearing services for active traders, institutional investors, financial advisors and introducing brokers. IBKR’s premier technology provides electronic access to stocks, options, futures, forex, bonds, and funds worldwide from a single IBKR Integrated Investment account. IBKR is one of the largest online brokers by trade volume and is consistently ranked at the top of its field.
Our employees are part of a dynamic, multinational, fast-paced, results-oriented team working to provide our customers with state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools.
Our headquarters are in Greenwich, CT, USA. IBKR has offices in the United States, Canada, the United Kingdom, Switzerland, Hungary, Estonia, Russia, India, Hong Kong, China, Japan and Australia.
IBKR is a member of NYSE, FINRA, and SIPC. Interactive Brokers Group brokerage affiliates are regulated by securities and commodities agencies around the world.
Click HERE to view a short video with a few words from current Interactive Brokers employees.