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.
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your CV and details on file so when we see similar roles or see skillsets that drive growth in organisations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.
That's why we recommend registering your CV so you can be considered for roles that have yet to be created.
Yes, we help with CV and interview preparation. From customised support on how to optimise your CV to interview preparation and compensation negotiations, we advocate for you throughout your next career move.