Securities & Derivatives Analyst 2 – C10

Overview

Analyst for the newly established Brokerage Control team in Futures and Derivatives Clearing Operations, developing and maintaining a control framework across the end-to-end brokerage lifecycle for Futures and Options products.

What you'll do

• Perform daily reconciliation of brokerage payables and receivables, ensuring alignment between operational sub-ledgers and financial books and records.
• Review and validate brokerage accruals, expense recognition, accrual paydowns, and cash settlements across multiple legal entities.
• Ensure complete and accurate accounting treatment for brokerage-related transactions and balances.
• Investigate, resolve, and escalate reconciliation breaks and exceptions in a timely manner.
• Execute independent controls over brokerage processing activities to ensure compliance with internal policies and regulatory requirements.
• Perform root cause analysis on recurring issues and work with Technology, Product and Operations teams to implement sustainable solutions.
• Maintain strong balance sheet controls and substantiation processes supporting revenue and transaction expense accounting.
• Monitor key risk indicators and ensure appropriate escalation of issues to senior management.
• Identify opportunities to enhance controls, automate manual processes, and reduce operational risk.
• Support strategic initiatives focused on process simplification, control optimization, and operational excellence.
• Partner with stakeholders to implement system enhancements and drive continuous improvement initiatives.
• Build strong relationships with global stakeholders across Operations, Finance, Technology, Product, and Risk functions.
• Provide clear reporting and management information on control performance, aged breaks, risks, and remediation activities.
• Contribute to regional and global initiatives aimed at improving organizational effectiveness and employee engagement.

What you'll need

• Prior experience in Futures & Options Operations, or related functions.
• Strong experience in reconciliations, trade matching, brokerage fee processing, or financial controls.
• Experience investigating and resolving operational and accounting breaks.
• Demonstrated understanding of front-to-back trade lifecycle processes within listed derivatives markets.
• Experience working within a controlled and regulated financial services environment.
• Sound understanding of exchange and brokerage fee structures.
• Sound understanding of accrual accounting principles.
• Sound understanding of balance sheet reconciliations and substantiation.
• Sound understanding of financial controls and risk management.
• Sound understanding of operational risk frameworks.
• Strong analytical and problem-solving capabilities.
• Ability to prioritize competing demands and manage workloads effectively.
• Excellent verbal and written communication skills.
• Strong process improvement and change management mindset.
• Naturally curious with a desire to understand root causes and drive sustainable solutions.
• Ability to operate successfully in a complex, matrixed, and evolving environment.
• Sound judgment with the ability to assess risks and escalate issues appropriately.
• Bachelor's degree in Finance, Accounting, Economics, Business, or a related discipline.

Nice to have

• Background in Accounting or experience in an Audit environment.
• Professional accounting or financial qualifications (e.g., CA, CPA, ACCA, CFA).

Details

• Location: Pune, Maharashtra, India.
• Full time.
• Works closely with teams across Pune, Tampa, Belfast, London, New York, and Singapore.