Global Head of Clearing Revenues, Regional Head of Revenue Services recruitment
The Global Head of Clearing Revenues, Regional Head of Revenue Services will manage a hybrid role that focuses on revenue streams between Operations and Accounting with five reporting departments (Brokerage, Client Interest, Business Data, Revenue Control and Clearing Revenues).
Day to Day Responsibilities Include:
- Manage the reconciliation process for North American (and inter-regional) exchange and clearing house fees against accruals
- Confirm, control, and maintain the accuracy of all commissions and fees charged on a transactional level
- Monitor all commission and fee adjustments posted within North America
- Implement, update and improve processes and policies for all controls used to maintain revenue accuracy from collection to reporting to payout
- Ensure all systems relative to interest charges and payments are flexible and aligned with both the current/future interest rate environment and mandates from senior management
- Control all execution brokerage payables and receivables
- Ensure all account level static data are accurately entered, reviewed and maintained in various systems
- Liaise with other departments including Human Resources, Sales, Compliance and Client Services on setting/amending policies
- Respond to elevated queries from the sales traders/line managers regarding payout or client accrual/charges
- Implement projects and provide accurate and timely status reports
- Create and/or maintain the managerial reports for Revenue Services, North America
- Review all reports for accuracy and clarity
- Consult and partner with departmental leaders to optimize results and to further harmonize with internal stakeholders
Qualifications Include:
- Ideally 15+ years of experience encompassing extensive knowledge of the futures brokerage industry, securities industry, new account processing, interest rate conditions, collections, payables, and complex reconciliations
- Demonstrated track record of successfully managing teams in a fluid environment with changing priorities and mandates
- Previous exposure to the relationship between Accounting and Operations in an FCM, with a keen understanding of clearing operations
- Ability to effectively manage projects within designated timeframes and projected outcomes while providing relevant updates to appropriate stakeholders
- Ability to identify problems and develop smart solutions
- Excellent organizational and accounting skills
- Strong knowledge of GMI and other industry related systems
- Excellent MS Word, Excel and PowerPoint skills
- BA/BS preferably in Business, Accounting or Finance; MBA desired
Newedge is a leading force in global multi-asset brokerage with a world-leading position in the execution and clearing of listed derivative products. Newedge offers access to more than 85 markets and has a presence in 23 locations across 17 countries.
Newedge offers a full range of execution and clearing services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities and commodities on OTC markets. Newedge also provides a range of value added services including prime brokerage, asset financing, electronic trading and order routing, cross margining, and the centralized reporting of client portfolios.
Supported by two top tier rated shareholders, Société Générale and Crédit Agricole CIB, Newedge is independently run and regulated.
Newedge is an equal opportunity employer. For more information about Newedge, visit