Senior Clearing Operations Associate at Interactive Brokers

Budapest, Hungary

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BrokerageIndustries

Requirements

Three or more years of working experience, preferably in the banking or finance industry
Experience, coursework, and/or a strong interest in the securities markets
Proficient MS Office user; eager to learn new programs and products
Fluent in English
Detail-oriented and able to work accurately under pressure
Strong problem-solving and analytical skills
Excellent attention to detail
Open-minded team player with good comprehension skills

Responsibilities

Trade and Position reconciliation
Settlement processing and fail management
Understand Stock loan (securities lending) operation, reconciliation, and support
Derivative clearing system monitoring and operating
Coordinate with clearing houses and central securities depositories to maintain the clearing system
Operate, enhance, and test proprietary back office systems
Analyze transaction data, settlement risk, and other operational risk assessments
Interface with internal and external customers, counterparties, and clearing organizations
Focus on automated solutions to complex problems
Work with computer systems developers, including creating business specifications for new or enhanced system functionality and new product support

Skills

Trade Reconciliation

Position Reconciliation

Settlement Processing

Securities Lending

Fail Management

Client Account Transfers

Back Office Systems

Risk Assessment

Proprietary Systems Testing

Automation

Interactive Brokers

Online trading platform with low commissions

About Interactive Brokers

Interactive Brokers offers an online trading platform that provides access to a wide range of financial instruments, including stocks, options, futures, currencies, bonds, and funds. The platform is known for its low commissions and best execution practices, ensuring clients get the best prices for their trades. Unique features like fractional shares and the IMPACT app allow users to invest in high-value stocks affordably and align their investments with personal values. The goal of Interactive Brokers is to deliver a comprehensive and cost-effective trading experience for individual traders, investors, and financial advisors globally.

Greenwich, ConnecticutHeadquarters

1977Year Founded

IPOCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Competitive Pay with discretionary bonus packages which include company stock grants

Comprehensive Health Plans that include extensive Vision, Dental and Prescription coverage

Daily Lunch Allowance

401K Retirement Savings Plan (generous company match)

Wellness Incentives

Flexible Spending Accounts

Paid Personal Time and Sick Leave

Risks

Increased regulatory scrutiny may lead to stringent compliance requirements and potential fines.

AI tools may expose the company to data privacy and algorithmic trading risks.

Rapid growth in DARTs could strain infrastructure, risking service disruptions.

Differentiation

Interactive Brokers offers low commissions and financing rates, making trading affordable.

The platform provides direct market access to over 135 markets in 33 countries.

Innovative features like fractional shares and the IMPACT app attract diverse investors.

Upsides

AI tools in the Advisor Portal enhance decision-making for financial advisors.

IBKR Desktop 0.12 offers advanced features for options traders, boosting user engagement.

74% growth in DARTs and $576 billion in client equity indicate strong financial health.

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