Company Overview
Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the forefront of financial innovation for over four decades, known for our cutting-edge technology and client commitment.
IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. We serve individual investors and institutions, including financial advisors, hedge funds and introducing brokers. Our advanced technology, competitive pricing, and global market help our clients to make the most of their investments.
Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Join our dynamic, multi-national team and be a part of a company that simplifies and enhances financial opportunities using state-of-the-art technology.
Middle Office Associate - Security Finance - EU
The Middle-Office Associate will be responsible for the timely settlement of Securities Lending and Borrowing activities and cross-border transactions in European and Asian-Pacific listed equities, ETFs and Bonds. The associate will also be responsible for tracking and resolving potential exchange and stock loan fails by liaising with front-office traders and Middle-Office operations across IBKR's counterpart universe. The associate is expected to operate, enhance, and test the Group's constantly evolving in-house systems and solutions.
Responsibilities:
- Monitoring and processing of SLB transactions and cross-border instructions in external clearing systems (e.g., CCASS, CREST, EasyWay) as well as internally developed systems
- Ensure timely settlement of unmatched/pending SLB transactions with our external counterparties and cross-border instructions.
- Manage daily SLB exposure utilizing proprietary tools and liaising with external counterparts.
- Responding to internal and external inquiries for unmatched/matched/settled SLB transactions.
- Reconciliation of SLB contracts internally and in external vendor solutions.
- Conduct existing contract and billing comparisons to ensure accurate books and records.
- Utilize proprietary tools to verify SLB activities and make corrections, adjustments or recommendations to the Securities Financing Teams in Europe and APAC..
- Coordinate with front-office traders and back-office groups regarding operational matters.
- Constantly evaluate systems and processes to identify inefficiencies and recommend enhancements.
- Support the Securities Financing Teams in Europe and APAC in strategic decision-making about operations
Qualifications:
- Solid academic background (minimum Bachelor's degree) showing strong knowledge in Mathematics, Science, Accounting, Finance or Business
- Minimum of 2 years of experience in a Settlement (Back-, Middle-Office) function covering European markets.
- Fundamental understanding of SLB activities.
- Experience with Equilend's Post Trade suite, including Billing and Contract Compare, preferred.
- Extensive knowledge and experience with CREST is highly preferred.
- Strong written and verbal English skills.
- Excel proficiency.
- High degree of comfort and fluency with computers and technology, and understanding of how technology is applied to business or an ability to develop this rapidly.
- Logical approach to problem solving.
- Detail-oriented with solid math skills.
- Ability to efficiently handle multiple tasks.
- Self-motivated and energetic.
- Professional demeanor with good communication skills.
- Ability to work in a small-team environment with a servicing attitude
Company Benefits & Perks:
- Competitive salary package.
- Performance-based annual bonus (cash and stocks).
- Hybrid working model (3 days office/week).
- Group Medical & Life Insurance.
- Modern offices with free amenities & fully stocked cafeterias.
- Monthly food card & company-paid snacks.
- Hardship/shift allowance with company-provided pickup & drop facility*
- Attractive employee referral bonus.
- Frequent company-sponsored team-building events and outings.
- Depending upon the shifts.
**The benefits package is subject to change at the management's discretion.