Mid Office Associate

As part of the Middle Office and Self-Clearing team, you will interact with most teams within the organization and achieve a high-level understanding of how the business operates. We strive to create strong teams with strong individuals. You will learn a lot from your peers and will continue to develop your skills and business knowledge as the business grows and changes.
What you will do:

• Daily reconciliation of positions and P&L
• Identifying, investigating, and reconciling trade, position and cash exceptions by working with trading desks and other relevant teams
• Reporting of reconciliation breaks
• Reconciling all direct trading costs including exchange, SEBI turnover fee, STT, stamp duty etc.
• Working with the Finance team on month end revenue recognition entries
• Collaborating with Trading and Finance teams to continuously improve the reconciliation and financial reporting process
• Collaborating with relevant IT teams on enhancements and improvements to middle office / self-clearing applications
• Monitoring of margin utilization on an ongoing basis
• Daily processing of the files received from exchange / clearing corporation
• Periodic reporting to stock exchanges / clearing corporation
• Operation of DP pool account and beneficiary account.
• Placement / withdrawal of collateral from clearing corporations and liaising with Finance teams for funding requirements

Who you are:

• Master's degree in Finance or Economics with minimum 5 years of work experience in a similar role at a trading/broking firm, bank, Public Fund, Alternative Investment Fund, other entities
• Bachelor's degree in Finance or Economics with minimum 7 years of work experience in a similar role at a trading/broking firm, bank, Public Fund, Alternative Investment Fund, other entities
• Working knowledge and experience in F&O products, exchange margin framework and exchange pay-in/pay-out obligations
• Extreme attention to detail and excellent follow-through skills
• Excellent interpersonal and communication skills with the ability to work with teams in India and overseas offices
• Highly motivated individual who will collaborate with others to identify gaps and inefficiencies in processes in order to drive improvement

About Us
IMC is a leading trading firm, known worldwide for our advanced, low-latency technology and world-class execution capabilities. Over the past 30 years, we've been a stabilizing force in the financial markets - providing the essential liquidity our counterparties depend on. Across offices in the US, Europe, and Asia Pacific, our talented employees are united by our entrepreneurial spirit, exceptional culture, and commitment to giving back. It's a strong foundation that allows us to grow and add new capabilities, year after year. From entering dynamic new markets, to developing a state-of-the-art research environment and diversifying our trading strategies, we dare to imagine what could be and work together to make it happen.