Junior Clearing Operations Associate

Company Overview

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.

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 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.

Position

(IBKR) seeks an Operations Associate to join our Clearing Department at our office. The Clearing Department is responsible for various functions, including trade and position reconciliation, settlement processing, stock loan (securities lending) transaction reconciliation, fail management, and client account transfers. Team members will generally gain exposure to many of these functions during their career development.

The Associate will be expected to operate, enhance, and test the group’s constantly evolving, proprietary back office systems. Analysis of transaction data, settlement risk and other operational risk assessments will be an ongoing responsibility. The ideal candidate will be able to interface seamlessly with internal and external customers, counterparties, 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.

Responsibilities

• Trade and Position reconciliation
• Settlement processing and fail management
• Understand Securities Lending
• Derivative clearing system monitoring and operating
• Coordinate with Clearing houses and Central securities depositories for maintaining the clearing system

Qualifications, Skills & Attributes

Minimum qualifications:

• Commercial apprenticeship, preferably in the banking or finance industry
• Experience, coursework, and/or a strong interest in or following the securities markets
• Proficient MS Office user; eager to learn new programs and products
• Languages: 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

If you have ambition, motivation and initiative, we can offer you real responsibility and the opportunity to work in a demanding but rewarding team-oriented environment. Are you interested in this challenging position within a financially successful and technologically advanced organization? We are looking forward to receiving your online application.

Company Benefits & Perks

• Discretionary annual bonus (cash and stock)
• Private healthcare insurance
• Free recreational pass (AYCM XL package)
• Daily food allowance in the office
• Monthly BKK pass
• Hybrid way of working (2 days home office/week)
• Modern office in the heart of Budapest with free amenities
• Great atmosphere with friendly and exceptional colleagues, frequent company outings.

*The benefits package will be reviewed regularly and may be subject to change.*