Head of Clearing Operations

A pioneering financial technology firm is seeking a strategic leader to build and scale its clearing operations function from the ground up. This is a high-impact role focused on transitioning from a direct market access (DMA) model to a futures commission merchant (FCM) intermediation framework. The successful candidate will be instrumental in introducing margining capabilities, enhancing capital efficiency, and laying the operational foundation for a next-generation, centrally cleared exchange.

Key Responsibilities:

• Spearhead the development and execution of clearing operations for a fully collateralized, centrally cleared derivatives exchange.
• Construct a comprehensive business case and implementation roadmap for FCM integration, aligning with broader organizational goals.
• Collaborate closely with the Head of Clearing Engineering to define and deliver cross-functional requirements across technology, risk, and compliance teams.
• Design and implement robust margining and collateral management systems, including real-time risk monitoring and margin call processes.
• Develop operational workflows that reduce capital burdens on participants, such as mechanisms for intraday collateral return and optimization.
• Recruit, mentor, and lead a high-performing clearing operations team, with a phased buildout planned over a three-year horizon.

Ideal Background:

• Proven experience in clearing operations, ideally within a regulated exchange or FCM environment.
• Deep understanding of margining theory, collateral workflows, and risk management practices.
• Familiarity with post-trade operations, client onboarding, and regulatory compliance.
• Exposure to modern clearing models and infrastructure providers (e.g., those used by innovative fintech trading platforms).
• Strong ability to translate complex business needs into scalable operational solutions and drive cross-functional execution