Cash Officer – Futures Clearing – Six Month Contract recruitment
Fixed Income, Currencies and Commodities (FICC) provides a variety of services across the globe with an underlying specialisation in interest rate, commodity or foreign exchange related institutional trading, marketing, lending, clearing or platform provision.
The predominant FICC client base is financial institutions and significant commodity producers and consumers. With structuring, sales and trading professionals in the Australia, New Zealand, the Americas, Canada, Asia and the Middle East, FICC offers quality service and risk management solutions to meet our clients' needs.
FICC offers trading, sales, research and finance covering:
- Fixed income - interest rate, debt and credit securities
- Currency - foreign exchange spot, forward and tailored services
- Commodities - metals, energy, environmental products, agriculture, freight, bulk commodities, and complementary futures services
FICC operates in most major trading markets and emerging markets around the world.
The Futures Division has been an active participant in the futures markets in Australia for over 15 years, maintaining a presence as a leading clearing and execution member of the Sydney Futures Exchange. It has an established client base comprising many of Australia's leading fund managers, government and public enterprises and international bank, and provides opportunities for clients to benefit from movements within futures and options commodity markets as well as offering protection for existing exposures.
The Division is experiencing continued growth from business that is being channelled through its overseas exchange memberships and the development of niche opportunities in these overseas markets, together with the broadening of its client base. As a result of this, the opportunity for a Cash Officer within Futures Clearing is now available and will support the operations of the Futures Clearing business including the issuing and settlement of margin calls, funding, fx trades and reconciliations. The Cash team works closely with other areas within the Futures Clearing business, wider divisions within Macquarie and with external clients so a natural ability to engage with stakeholders of all levels is essential.
You will report to the Manager of Futures Cash and provide a supporting role within the Futures Cash team with key accountabilities as follows:
- Issue and settlement of margin calls
- Reconciliation of our various Bank Accounts
- EXIGO Settlements for SFE, ACH and clients
- Regulatory reporting
- FX trade placement, settlement and reconciliation
- Funding
- Margining and settlement with various clearing houses
- Reporting on payment failures and escalating as appropriate
- Management of new or amended SSI's
- Performing other ad-hoc functions
You will:
- hold appropriate tertiary qualifications
- have gained relevant experience in a comparable role
- possess a solid understanding of risk management and an ability to apply policies appropriately
- demonstrate sound time management and organisational abilities as well as be capable of prioritising your work to ensure deadlines are met
- display an accurate, detailed, methodical and positive work approach
- be numerical and analytical with excellent problem solving skills
- enjoy a busy team environment and able to work well under pressure