Santander Bank, N.A. · 2 days ago
Pre & Post Trade ETD's & Clearing Operations VP
Miami, FL
Full-time
Hybrid
Mid, Senior Level
$109K/yr - $190K/yr
5+ years expSantander Bank, N.A. is a global leader in the financial services industry, evolving into a technology-driven organization. The Pre & Post Trade ETD's & Clearing Operations VP is responsible for overseeing operations processes and controls related to ETDs and OTC cleared derivatives, ensuring compliance with regulations and effective execution of controls.
BankingFinanceFinancial Services
Responsibilities
Provide effective product expertise and support to the CIB ETDs business (Markets)
Ensure the Operations department is fully compliant with US regulations (mainly CFTC and CME), Legal requirements, and Compliance and Tax policies
Effective execution of controls around the ETDs processes, and effective oversight outsourced to the service providers ensuring service levels are maintained in all aspects, in particular for time-critical trade execution
Deep knowledge/expertise of option expiration and physical delivery processing across ICE soft commodities, CME agricultural, energy, metals. FX and interest rate products
Key point of contact between front-office and external clients post-onboarding
Primary Operations contact for external clients as it regards margin management, trade and position queries and ad hoc file creation requirements
Escalation point of contact with the Central Counterparties (i.e., CME, ICE, OCC, Nodal), and custodians, agent banks, carrying clearing brokers in which SanCap FCM has some business relationship with
Ensure the appropriate monitoring of Service Level Requirements with Third-Party Service Providers / Vendors (i.e., ION XTP, Broadridge, Calypso)
Interact with service providers on a regular basis to ensure all processes are performed in accordance to the KPIs and implement new processes if necessary
Ensure the generation, maintenance, distribution and use of the information and tools required to maintain the daily activity: development and updates of procedures, planning and organization to be follow by individual contributors of the team
Liaise with internal / external auditors, and regulators to ensure compliance with regulatory requirements
Quality assurance on processes and new systems implementation, executing and monitoring User Acceptance Testing (UAT). Active participation in the UAT phase designs to ensure all test cases are reflected properly
Sign off on project related documents such as Business Required Documents to ensure new product or processes covers all the department requirements
Qualification
Required
Bachelor's Degree or equivalent work experience: Business or equivalent degree
5-10+ years of experience working in an ETD's & Clearing Operations or Middle Office team
In-depth knowledge of the Operational processes supporting ETD's & Clearing Operations
In depth knowledge of Listed Derivatives (such as Futures, Listed Options on Futures contracts, US Listed Equity & Index Options), and OTC Clearing Derivatives contracts (such as cleared IRS and CDS)
In depth knowledge of the operational processes supporting a Futures Commission Merchant's (FCM) / Clearing Broker firm
Proficient in all regulatory aspects governing the ETD's and Clearing activities in a US Broker Dealer
Proven track record of managing providers of outsourced services
Knowledge of compliance to CIB around execution of controls to minimize the operational risk
Proven experience in providing a project status update with timely priorities and in communicating convincingly to management
Collaborative and communication skills
Preferred
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education
Experience in Microsoft Office products
Benefits
Fair and competitive rewards package
Benefits are designed to support you, your family and your well-being, now and into the future
Company
Santander Bank, N.A.
At Santander Bank, it’s our mission to help people and businesses prosper.
5001-10000 employees
H1B Sponsorship
Santander Bank, N.A. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
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Trends of Total Sponsorships
2025 (44)
2024 (36)
2023 (61)
2022 (66)
2021 (78)
2020 (69)
Funding
Current Stage
Late StageTotal Funding
$75MKey Investors
Wind Turbine & Energy Cables
2020-01-22Debt Financing· $75M
Leadership Team
Pierre Habis
Chief Consumer & Digital Transformation Officer
Recent News
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